Kind of like GM and Chrysler. Accept the government stepped in to save them. Shafted the investors of GM, sold 49% of it to the UAW. Just plain sold off Chrysler to Fiat. So anyway why didn't Obama step in and bailout Hostess. GM had done pretty muchthe same thing as Hostess. It was in trouble due to missmanagement, was not reinvesting into the business.
I'll give you the answer the UAW was a big donor to the 2008 and 2012 Obama campaign, and the bakers union was not.
Re: So Why No Gov Bailout?
Member #: 5567
Registered: 1996-2001
Posted:
3797
Name:
John
Company:
County Gov
Occupation:
Fiber Design, Construction, Maintenance
Location:
Washington DC
Personal:
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