In response to:

Hostess Bankruptcy: What Role Did Policy Play?

BK22 Wrote: Nov 19, 2012 9:07 AM
Want the reason for 18,500 employees losing their jobs....UNION! As a former business owner, I give the CEO of this company credit for standing up for his beliefs and having the guts to call the fatal, here!
rwright Wrote: Nov 20, 2012 2:43 AM
He stood up for himself and his 2.5 million dollar salary!!! He ran the company into the ground.
BK22 Wrote: Nov 20, 2012 9:37 PM
He did no such thing all you clowns was HIS COMPANY. He has the right to do with it as he sees fit. Unions forced this with high pension and benefit costs. They got what they deserved.

The demise of Hostess and Twinkies is not a national emergency, but it is certainly sad when a major business goes under and thousands of people lose their jobs.

If federal and state policymakers want to play a useful role here, they should study why Hostess couldn’t make a go of it. Were there tax or regulatory factors that stood in the way of the company earning a decent rate of return?

Unions were an important factor that pushed up the firm’s costs and reduced its operational efficiency. The policy reform here is obvious for people who appreciate market economics: repeal America’s coercive union laws. If policymakers don’t...