Trumka Bashes Hostess As 'Bain-Style Wall Street Vultures'

Trumka Bashes Hostess As 'Bain-Style Wall Street Vultures': President Obama’s strongest union backer, AFL-CIO President Richard Trumka, has injected himself into the Hostess bankruptcy, blaming capitalism for the shutdown of Hostess rather than an intransigent union. Today, he issued this statement:

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 and their communities are suffering the tragedy of a needless layoff. This is wrong. It has to stop. It’s wrecking America.

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