I hope he's watching the unemployment stats, the stock market crash, and the rise in food stamps. I wonder how many more years my friend will be able to blame Bush? That's the problem, never take personal responsibility. Blame someone else. Put down the other guy, it'll make you feel better, but not make you any better.
Never mind that under every "big government" example in history, the more government gets involved in people's lives (with a few exceptions) the poor get poorer. Why? Because government removes the incentive for free enterprise that is the ONLY wealth creation mechanism every known.
Never mind that is it he rich that employ the poor. But of course, according to the Democrats, it's those that employ the poor are also repressing the poor. How? By not giving to their employes the profits that the investors risked to make the company successful. A job with a living wage is repression. That's what we're hearing these days.
It's the typical socialist rant (which you can find on YouTube easily enough) ... that what made the rich rich was the sweat and labor of the workers. Never mind that there had to be capital to beging with before a factory could be built, and raw materials purchased, and shipped, and processed, or that the land had to be bought before that, and taxes and regulations had to be followed, and paid for, and contracts negotiated and premiums paid... and let's not forget the patents that had to be either purchased, and defended. Or before that the design invented (which took decades of labor by the owner). Never mind all that... it was the workers that stuffed the twinkies with whipped cream... and therefore it's the workers who have the rights to all the owner's wealth.
In most cases of Corporate America the "owners" are the Jack and Jill's of Middle American who invest their money, 401K, IRA, and savings accounts in mutual funds. So, when people like Rich (Whipped Cream) Trumka blame crony capitalism, he's talk about his pension plan. Idiot!
Hostess Brands have been losing millions for years. The unions know this because the AFL-CIO had access to the books over the last years of acrimonious negotiations. The unions claim that hostess was mismanaged, and the workers are now taking the hit.
And in attempts to rescue Hostess and bring it out of bankruptcy the Bain Capital type companies gave it millions of dollars and try to straighten out its affairs, and pay its workers, to avoid closing. According to today's article on Politico.com and the HuffingtonPost.com, those investment firms that risked much to save Hostess included: Ripplewood Holdings that made a $130 million investment, and later two hedge funds, Silver Point Capital and Monarch Alternative Capital. These companies tried to keep Hostess alive. But now they are going to lose most of their investment, most likely. And who is to blame for this? According to AFL-CIO President Rich Trumka, it's the greedy capitalists, not the greedy bakers. Huh! Here's what he said today:
Well, Rich, it may be mismanagement wrecked Hostess, it's hard to tell, but actually it's the capitalists, including the original investors and management...and lately the hedge funds and restructuring companies... that tried to save it. And yes, cutting salaries and benefits may have been part of the mismanagement. Management can give workers too puffy of a package, that that can suck up what might have been a rainy day fund for economic downturns. It might also be that Hostess Brands products have just run their course in the history of America as we move to healthier lifestyles. Rich, are you overweight? When was the last time you had one too many twinkies or Hostess cupcakes? I know I loved them as a kid, but I haven't had one for years because I know they're bad for me. So, if people like me are not buying the product, is that the fault of crony capitalists? Is that the fault of management for not forcing fatty foods on the public? Hey, blame Michelle Obama, she's on an anti-fat campagin. But don't blame capitalisits. It's the capitalists that started Hostess, employed all those tens of thousands for decades, and even, in the end, tried to keep it alive.What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor. Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price. ... These workers, who consistently make great products Americans love and have offered multiple concessions, want their company to succeed... they have bravely taken a stand against the corporate race-to-the-bottom. And now they are their communities are suffering the tragedy of a needless layoff. this is wrong. It has to stop. It's wrecking America.
You're wrong, and you're nuts. Stop lying, get some smarts, we might like the unions better if the leadership weren't such greedy jerks like you. Yes, I know, fewer members means less of a salary or bonus, right, Rich?
It was the capitalists, the Bain-style companies, that did just the opposite of what Trumka claims. Such companies have saved a great many companies, brands, and jobs. Never mind that it was the millions that Romney and others made that put thousands back to work. Romney's millions NEVER sat idle. They were always reinvested, even when they're "sitting" in the bank.... for the bank is investing their customer's holdings in order to make money, and those investments employ people. Rich (TWINKIE GREED) Trumka is as greedy than anyone. He wants more, and it seems his primary job is to incite greed in his union workers and never take personal responsibility. I really would like to know if Rich's mismanagement claim is tied to his demand for salary and benefits of his workers in the past. Mismanagement = paying workers more than the company can afford and giving into unions that bully.
The only poor workers are those that are too greedy for their owner's tastes. What ever happened to the dignity of work? The bakers at Hostess brands were not poor. But they will be now, because the greed they gave into will make them poor. Divine Justice? Perhaps.
This is the thinking that causes tyrants to nationalize industries, believing that the motivation and inspiration for running a company is mechanical and it will happen regardless of the innovation, insight, determination, and entrreprenural spirit to keep a compnay running against all odds. But no government offical, or Rich Whipped-Cream Trumka, is going to put in the 14-18 hour days, 6-7 days a week, to keep a company going. And so it will fail. Totally fail. And the country will have to put up a fence to keep the producers, and the upstarts like me from running away.
It's happened in every socialized experiment in history. And the Democrats and the so-called progressives, like my "Catholic" friend, are not just ill advised, but greedy, ignorant of history, and uneducated in the ways of Natural Law, the human spirit. And they sin because they are envious of those that work, produce, and create jobs, and their attitudes create poverty... simply by ignoring what is true, good, and beautiful.
Hell awaits such folk... Catholic or not.
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