posted on Nov, 17 2012 @ 04:56 PM
To those on this thread that used terms "red staters" and other colloquial terms that equate to meaning. evil Republicans in an effort to make this
partisan - you owe an apology.
Curious cast of characters
More importantly, however, as America has been habituated following the last season of the reality TV show known as the presidential election, if
Private Equity then "bad." Only this time there is a twist: because it wasn't really PE that was the pure evil in the Obama long-term campaign, it
was associating PE with Republicans, and thus: with jobs outsourcing. And here comes the Hostess twist: because Tim Collins of Ripplewood, was a
prominent Democrat, a position which allowed him to get involved in the first bankruptcy process in the first place, due to his proximity with the
Teamsters' long-term heartthrob Dick Gephardt (whose consulting group just happens to also be an equity owner of Hostess). In other words, the
traditional republican-cum-PE scapegoating strategy here will be a tough one to pull off since the narrative collapses when considering that it was a
Democrat who rescued the firm, only to see it implode in a trainwreck that has resulted in the liquidation of a legendary brand, and 18,500
Yup good ol Dick Gephardt and Tim Collins both prominent Democrats sold workers and the company down the drain - so look in mirror and point
The tragedy is it was a minority of the 18,000 workers who were out on strike - the actions of something like 1/3 the workforce took out the jobs of
the other 2/3 who were not on strike. As I understand it the sticking point was pensioner health benefits for retirees not current base worker pay.
Now the retirees can forget about it, the union is out of luck and the current workers are screwed. Well they all made a point didnt they? not a very
practical one and quite devastating to the families involved.
As an aside I worked non-union in several careers in my working life and never had any problem with pay, benefits nor retirement - management and
workers had goals that if met helped all out in a proportional fashion commensurate with responsibilty and I can say many times there were cases where
I was happy not to have been in management when things did not go as planned because those guys paid dearly for targets not met rather than us
workers. When things went well we all were rewarded when not so well we all buckled down together, One year management gave up ALL profit sharing,
salary increases and sold shares so that workers could have them - thats how they valued their workforce! You'd never see that in a union shop!
I have always had troble fathoming how any organization can set itself up internally for animosity such as union against management and expect to be
successful or make the return for investors that should be made when everybody is basically trying to figure out how to get over on one another other.
The open shop companies I worked for were picked by me, as well as them choosing to hire me and all were classed in top 100 in the country to work for
by employee surveys.
I never once felt cheated, done wrong or any of the other scare stories union supporters like to bandy about. I always thought it amusing when during
boom times I was working fulltime ALL YEAR and making as much overtime as I could physically take. Union members in my same trade were bench sitting
3-4 months of the year looking for work and then would brag they made more per hour, me knowing I far surpassed them on annual income and most
importantly job security.
The bench never attracted me as it seems to attract others. I am and never will be a bench sitter!