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The Reason Soaking The Rich Doesn’t Work Illustrated: Can’t Buy A Twinkie.

by Flyovercountry ( 56 Comments › )
Filed under Business, Unions at November 17th, 2012 - 12:00 pm

Political Cartoons by Lisa Benson

You can put me in that rare category of individual who was never really fond of Twinkies, even as a kid. I was always much more fond of Ding Dongs and Ho Ho’s. Here’s the good news though, Little Debbie makes a product which she calls Swill Rolls, that are ounce for ounce the exact same thing. So I’m all set. But the latest bit of sad news, that the unions finally succeeded in killing off another American icon, Continental Baking Corporation, will no doubt be blamed on those evil Bain Capital types of Wall Street vultures just circling above our country in search of the next working man’s carcass on which to further feed their collective greed. Richard Trumka, the single most frequent visitor to the Obama White House, according to the somewhat less than transparent logs offered up by a President who laughably won some kind of an award for transparency, has wasted no time in denouncing the owners of the former CBC as enemies of middle class workers everywhere.

The most bizarre thing happened though on their way to receiving that most deserved tongue lashing from the self anointed champion of all things related to union thuggery, and that is that while Richard Trumka is denouncing the owners of CBC as evil pricks who hate workers and wish to push the middle class over a cliff, that group of people does not actually exist anymore. CBC is no more, as of 5:00 PM last night. Since there is no more CBC, there can be no more CBC owners. Such are the wages of Obamanomics, and such is the result that America deserves for having elected this man as our President, and then reelecting him to a second term.

The most severe lesson about our system of taxation is that wealth in this country is not taxed, income is. So, when Barack Obama and his merry band of mindless minions bleat on about asking the rich to pay, “their fair share,” or to pay, “just a little more,” in the form of income tax rates going up, know that this method of raising revenue is doomed to the same exact failure as has always been the case when tried. Doomed to the same exact failure by the way is the effort to get the so called rich to pay one more thin dime than they have ever paid. One of the most glaring reasons for this is the simple fact that with a large asset base on which to live, the rich do not need to earn an income, they can simply not invest their funds, and therefore risk their assets in order to maintain their lifestyles. So, when the current environment dictates that America hates those who make money, they can go on living without making another cent.

What that decrease in investment represents is a loss of capital investment in those things that provide jobs for people who can not maintain their lifestyles without some sort of an income. The example of that would be Continental Baking Corporation. Why should the owners of that company continue to lose money on an ongoing basis for no other purpose than to provide union pay offs and to be labeled as enemies to America. I would say that they have taken their toys and gone home, except that they seem to have left their toys at the play ground, and simply seen to it that no one will be able to play with them, at least for a few months. Hostess and Wonder Bread no longer exist, and the 18,500 people who used to work there, no longer have jobs.

CBC was in terrible financial shape to be sure. Having been through bankruptcy once before, the company owed over $3 Billion more than the cash it had on hand. Over two thirds of that figure was owed to the pensions of the three unions which worked so earnestly to destroy a company who’s products were on every single grocery shelf in the nation, and were indeed included in every single school lunch packed for the prior century. Each and every time CBC had to deal with her unions, they demanded more, as more is the only applicable adjective for what unions want of their hosts. So, when productivity is rewarded with remuneration greater than the value of what is actually produced, the business dies.

In our nation we used to produce steel, aluminum, televisions, stereos, plastic, rubber, and Twinkies. Halcyon days that are long gone to us now, and will never come back, unless we allow businesses the ability to pay for labor what that labor is really worth in terms of productivity, rather than what it is worth in terms of political clout. Or, we can continue down this road until all of those who have the toys known as capital to invest leave the playground, because we refuse to learn the lesson that Aggregate Demand means nothing, and aggregate productivity means everything. Just be careful when you demonize the former owners of Hostess, not only can they not hear you, your protestations falling on deaf ears and all, those ears do not actually exist any more. You literally are screaming on about the bogey man, a fictitious monster responsible for nothing more than the nightmares of small children. What’s worse, you are ignoring the very real monster in the room, who bears a striking resemblance to a man named Richard Trumka.

Cross Posted from Musings of a Mad Conservative.

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56 Responses to “The Reason Soaking The Rich Doesn’t Work Illustrated: Can’t Buy A Twinkie.”
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  1. lobo91
    1 | November 17, 2012 12:11 pm

    So, when Barack Obama and his merry band of mindless minions bleat on about asking the rich to pay, “their fair share,” or to pay, “just a little more,” in the form of income tax rates going up, know that this method of raising revenue is doomed to the same exact failure as has always been the case when tried.

    My favorite part of that is the idea that they’re “asking” anyone to do anything.

    The IRS has guns for a reason. They don’t “ask” you to pay anything.


  2. Fritz Katz
    2 | November 17, 2012 12:12 pm


  3. 3 | November 17, 2012 12:13 pm

    The loss of Continental Baking is going to impact America’s workforce yet again. More jobs lost, sadly.

    We need to buy American wherever we can. I contacted JCPenney, and will be sending similar emails to Target, WalMart, Sears & other major retailers suggesting they add a ‘Made in the USA’ section to there stores. You can buy jeans, shoes & other things that are made here. Let’s encourage it as much as possible, union or not. I’ll pay a little extra to help an American business & an American worker over someone working in China, Mexico or Bangladesh.

    Yeah, I know. I’m raaaaacist for preferring American workers.


  4. 4 | November 17, 2012 12:25 pm

    Somebody let me know when Hitler discovers there are no more Twinkies -- it could be very good.


  5. Prebanned
    5 | November 17, 2012 12:33 pm

    @ Mike C.:
    I enjoy watching Hitler freak out again and again.
    I like to see the nazi chicks cry, too.


  6. Prebanned
    6 | November 17, 2012 12:36 pm


  7. darkwords
    7 | November 17, 2012 12:39 pm

    Twitter tilts against liberty


  8. darkwords
    8 | November 17, 2012 12:40 pm

    Maybe Twitter should follow @twinkies


  9. 9 | November 17, 2012 12:46 pm

    @ Prebanned:

    Not as well done as it could be, for sure. I suspect there’ll be others.


  10. Prebanned
    10 | November 17, 2012 12:48 pm

    @ Mike C.:
    too much cussing, poor imagination.
    Still it has Hitler freaking out and sobbing nazi chicks.


  11. Purre
    11 | November 17, 2012 12:48 pm

    http://www.youtube.com/watch?v=L2igHKH31gQ


  12. darkwords
  13. 13 | November 17, 2012 12:52 pm


  14. 14 | November 17, 2012 12:58 pm

    None of these are hitting the mark, IMHO.


  15. quiet man
    15 | November 17, 2012 1:06 pm

    Here this has a real face. 3 faces. The local *Bread Store* who employees 3 super nice women; women who know your name and smile and keep the shelves full and the floors clean. Real people who are no longer working. They probably make less per hour than the 8% that union killed the company for. These womens pensions was the chance to work there until they could no longer walk.


  16. John Difool
    16 | November 17, 2012 1:11 pm

    Mike C. wrote:

    Somebody let me know when Hitler discovers there are no more Twinkies — it could be very good.

    Hitler?

    Wait ’till Charles Johnson finds out there are no more Twinkies.


  17. John Difool
    17 | November 17, 2012 1:19 pm

    quiet man wrote:

    Here this has a real face. 3 faces. The local *Bread Store* who employees 3 super nice women; women who know your name and smile and keep the shelves full and the floors clean. Real people who are no longer working. They probably make less per hour than the 8% that union killed the company for. These womens pensions was the chance to work there until they could no longer walk.

    Not only them, but the folks who own their own trucks & routes & deliver the bread & snacks to stores.

    A lot of poor folks go into those Hostess stores to buy discounted bread & snacks.

    I imagine the brand name isn’t dead & a company such as Nabisco will pick it up, it’s too good to just die off.

    I just hope the Chinese don’t buy it out. Not ready to sink my teeth into a Twinkie with lead filling just yet.


  18. AZfederalist
    18 | November 17, 2012 1:22 pm

    So, the question is, where are those people investing their funds? Those are the places the rest of us need to be looking at.


  19. John Difool
    19 | November 17, 2012 1:26 pm

    @ Mike C.:

    “I want a Ding Dong in me right now! I want to experience it’s creamy deliciousness !”

    ” My Fuhrer, that’s what she said times two ! ”

    I just about died right there.


  20. 20 | November 17, 2012 1:53 pm

    @ John Difool:

    Meh. Extraneous crap that has nothing to do with the subject…


  21. 21 | November 17, 2012 1:54 pm

    darkwords wrote:

    IMO all three of these women are major security risks

    Back in ’84, I worked on Reagan’s campaign and, during the debate here in Louisville, was rewarded by being allowed to drive presidential aides (Adm. Poindexter and James Baker, as it were) in the motorcade to and from the debate site. I had to go through a background check, which took a couple of days as I recall, before even being allowed to get within shouting distance of these people.

    I have to wonder if that’s still done or if we’ve reached the point where someone just says “she’s OK” as though it were some kind of glorified clubhouse.

    As I recall, people have actually “crashed” state dinners during this administration. Security seems alarmingly lax……


  22. AZfederalist
    22 | November 17, 2012 1:59 pm

    MacDuff wrote:

    As I recall, people have actually “crashed” state dinners during this administration. Security seems alarmingly lax……

    Yes, and the lack of discipline shown by the Secret Service is troubling.

    Heaven forbid something happen to this man. Remember what brought us the gun control act of 1968. Pray that the Secret Service is still able to do its job correctly.


  23. 23 | November 17, 2012 2:02 pm

    mfhorn wrote:

    The loss of Continental Baking is going to impact America’s workforce yet again. More jobs lost, sadly.

    We need to buy American wherever we can. I contacted JCPenney, and will be sending similar emails to Target, WalMart, Sears & other major retailers suggesting they add a ‘Made in the USA’ section to there stores. You can buy jeans, shoes & other things that are made here. Let’s encourage it as much as possible, union or not. I’ll pay a little extra to help an American business & an American worker over someone working in China, Mexico or Bangladesh.

    Yeah, I know. I’m raaaaacist for preferring American workers.

    Alas, removing Chinese-made goods from the shelves of an American retailer would make it look like a store in the old Soviet Union. There are those her who know more about this subject than I, but our increasing reliance on goods and oil from unfriendly sources is something i find terrifying.


  24. lobo91
    24 | November 17, 2012 2:04 pm

    @ MacDuff:

    I have to wonder if that’s still done or if we’ve reached the point where someone just says “she’s OK” as though it were some kind of glorified clubhouse.

    As I recall, people have actually “crashed” state dinners during this administration. Security seems alarmingly lax……

    Most of the people working in the White House today (Obama included) probably couldn’t pass a traditional background check. Not giving them clearances would be considered “racist,” of course, so they wave them through.


  25. 25 | November 17, 2012 2:08 pm

    MacDuff wrote:

    Alas, removing Chinese-made goods from the shelves of an American retailer would make it look like a store in the old Soviet Union. There are those her who know more about this subject than I, but our increasing reliance on goods and oil from unfriendly sources is something i find terrifying.

    Yes, America has outsourced so much of our manufacturing that trying to “Buy Only American” means having very little to choose from. It isn’t the cost of labor that has destroyed American competitiveness, it is the insanely draconian regulatory environment and the artificially high cost of energy that has made America unable to compete in the world as a manufacturing power, none of this is on accident either.


  26. 26 | November 17, 2012 2:20 pm

    @ doriangrey:

    Khrushchev famously claimed that we would sell the Soviets the rope it took to hang us. The only difference in the modern version is the variety of potential hangmen and we’re now outsourcing the manufacture of the rope.


  27. John Difool
    27 | November 17, 2012 2:24 pm

    MacDuff wrote:

    @ doriangrey:
    Khrushchev famously claimed that we would sell the Soviets the rope it took to hang us. The only difference in the modern version is the variety of potential hangmen and we’re now outsourcing the manufacture of the rope.

    Another old Soviet told Ike’s DoA chief they wouldn’t force-feed communism to America, they would start in places like academia & the media & give it to us one spoonful at a time.

    He was right.


  28. 28 | November 17, 2012 2:24 pm

    Later, peeps. It’s a gorgeous autumn day and we all have a pretty finite supply of those, gotta grab ‘em while they’re there.

    Have a good one!


  29. 29 | November 17, 2012 2:26 pm

    @ AZfederalist:

    Take the flight to quality, and take it today! Overweight your investments to the top left corner of both style boxes, and put your overseas 10 to 14% in the larger markets and companies. ie Sony, Honda, Toyota, etc. Shorter duration investment grade corporate debt and large cap value. This storm is going to suck, but that’s where you should be riding it all out. If your asset allocation calls for a category which contains other non correlated asset classes, real estate and commodities are good picks. (when I say commodities, I mean a commodities fund that spreads the money out well on your behalf, and not the, “one only,” solution like Gold or Silver.) By Real Estate, I also mean a mutual fund which invests in a Reit index, unless you have sufficient investable assets to enter into DPP’s such as Inland Diversified or some other fairly conservative program.


  30. EBL
    30 | November 17, 2012 2:26 pm

    @ lobo91: Totally correct. RIP Twinkies. But here are Girls eating Twinkies…


  31. whosoever
    31 | November 17, 2012 2:50 pm

    Well, my career has become an anecdote of modern times. (I never hardly ever post here but have been on the same track as you guys since 2004 and whats-is-name). I trained my Chinese counterparts (SW Engineer) during the late 00s early 10s. Laid off (outsourced myself) and picked up by a company just 9 months ago. Between close of market 11/6/12 and open the next day, our stock dropped 26%. Not just because of the election, but whatever. Bad economy. The company panics, a quick lay-off, and I am now waiting for my first unenjoyment check in my 38 year career. Just sayin’


  32. Purre
    32 | November 17, 2012 2:52 pm

    @ whosoever:
    I wish you good luck. Hopefully you find job that gets bills paid and is at least satisfactory.


  33. Buffalobob
    33 | November 17, 2012 2:58 pm

    Wait until Hitler finds out that the Bakers Union killed Hostess.


  34. John Difool
    34 | November 17, 2012 3:10 pm

    Buffalobob wrote:

    Wait until Hitler finds out that the Bakers Union killed Hostess.

    Downfall vids have already been posted. See above.


  35. Guggi
    35 | November 17, 2012 3:15 pm

    @ whosoever:

    I’m so sorry for you. Hope you’ll find a job soon. Good luck for you.


  36. John Difool
    36 | November 17, 2012 3:18 pm

    Hillary really looks like she’d like to motorboat the queen.

    That expression is priceless.

    http://www.break.com/pictures/how-does-this-happen-2356734


  37. heysoos
    37 | November 17, 2012 3:20 pm

    on a brighter note..my daughter is deep into this new project in Grand Rapids MI…pretty cool…GR is one of the cleanest, most friendly, state of the art towns anywhere in America…my girl has been working her way up the ladder and is rapidly become a major player in the arts and music scene, non profits, city developement, working with MSU and GVSU, just a lot of stuff…she is friends with billionaire philanthropists, govt types and all sorts of civic minded people…I am extremely proud of her, she is a rising star…she was interviewed for the NBC Today show a year ago…she works for the GR Art Museum and was a major player in their international art contest on and on…sometimes I just have to say something about her and her…she’s only 28…there are good people and good stuff happening all over the country…we have not yet lost are way completely…chin up and forge ahead


  38. whosoever
    39 | November 17, 2012 3:26 pm

    Thanks Folks.


  39. darkwords
    40 | November 17, 2012 3:54 pm

    @ 31 whosoever: Sorry to hear that. These layoffs are directly related to the Obama election. They express a lack of confidence business leaders have in the Obama administration. They hold on in hope of a Romney Renaissance and they get South Park Obama instead. People start going with plan B then.


  40. eaglesoars
    41 | November 17, 2012 3:59 pm

    whosoever wrote:

    Between close of market 11/6/12 and open the next day, our stock dropped 26%

    Yowser!!

    I’m so sorry. I hope you’re in a field that isn’t being hit too hard by this mess.

    Flyovercountry wrote:

    This storm is going to suck, but that’s where you should be riding it all out

    Did you see anything about the gubmint converting all our 401ks/IRAs, etc., to Treasurey notes in order to help w/the deficit?

    I’m pretty sure I did -- just in the last day or so -- and now I can’t find it


  41. eaglesoars
    42 | November 17, 2012 4:03 pm

    darkwords wrote:

    These layoffs are directly related to the Obama election. They

    Partly but not all.

    The recent market sell-off has not been about the re-election of President Obama but rather the repositioning of assets by professional investors in anticipation of three key events coming between now and the end of this year - the “fiscal cliff”, the debt ceiling and the expiration of the Transaction Account Guarantee (TAG).


  42. RIX
    44 | November 17, 2012 4:22 pm

    @ darkwords:
    This goes on too much. I thought that free speech was
    enshrined in the Constitution, not Muslim sensibilities.


  43. Guggi
    45 | November 17, 2012 4:33 pm

    darkwords wrote:

    Petraues tries to manipulate a US mayor to infringe on the free speech of a US citizen.

    He’s a great American.////


  44. Guggi
    46 | November 17, 2012 4:36 pm

    RIX wrote:

    @ darkwords:
    This goes on too much. I thought that free speech was
    enshrined in the Constitution, not Muslim sensibilities.

    Seams he is used to “poor judgement”.


  45. RIX
    47 | November 17, 2012 4:50 pm

    @ Guggi:

    Seams he is used to “poor judgement”

    Apparently.


  46. eaglesoars
    48 | November 17, 2012 4:56 pm

    darkwords wrote:

    Petraues tries to manipulate a US mayor to infringe on the free speech of a US citizen.

    You know what the most interesting part of that is? The mayor made sure the media saw her emails. I don’t think he likes Mrs Kelley


  47. Guggi
    49 | November 17, 2012 5:04 pm

    RIX wrote:

    Apparently.

    …and Gen. Allen isn’t much better.


  48. 50 | November 17, 2012 6:01 pm

    @ eaglesoars:

    That would touch off an armed revolution, and even the densest public official would have to know this in advance of such an idiotic action.


  49. lobo91
    51 | November 17, 2012 6:12 pm

    Flyovercountry wrote:

    @ eaglesoars:

    That would touch off an armed revolution, and even the densest public official would have to know this in advance of such an idiotic action.

    I think you’re underestimating the density of our current government officials.


  50. 52 | November 17, 2012 6:17 pm

    @ MacDuff:

    Very true. But even having a few American made jeans or shoes available would help.

    And that should have been ‘…on their shelves…’ PIMF.

    @ doriangrey:
    http://www.howtobuyamerican.com
    http://www.buyamerican.com


  51. 53 | November 17, 2012 6:18 pm

    New Thread.


  52. Da_Beerfreak
    54 | November 17, 2012 6:24 pm

    RIX wrote:

    @ darkwords:
    This goes on too much. I thought that free speech was
    enshrined in the Constitution, not Muslim sensibilities.

    The Constitution is little more than a dead letter now days; it can no longer be relied on to protect our freedoms. Buy more ammo.


  53. 55 | November 17, 2012 6:35 pm

    darkwords wrote:

    IMO all three of these women are major security risks

    Bunch of half-crazed whores who turn stalker whenever things don’t go their way. The whole lot of them should be taken out and shot.

    Guggi wrote:

    RIX wrote:
    Apparently.
    …and Gen. Allen isn’t much better.

    Politician in uniform, just like all the rest of them.

    eaglesoars wrote:

    darkwords wrote:
    These layoffs are directly related to the Obama election. They
    Partly but not all.
    The recent market sell-off has not been about the re-election of President Obama but rather the repositioning of assets by professional investors in anticipation of three key events coming between now and the end of this year -- the “fiscal cliff”, the debt ceiling and the expiration of the Transaction Account Guarantee (TAG).

    Lots of people are fixing to “go Galt.”

    Either by living off their hard assets until (they hope) the storm blows over, or by emigrating, never to return.


  54. friendlygrizzly
    56 | November 20, 2012 8:56 pm

    Sears? Are they still in business?@ mfhorn:


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