Sometimes it’s hard to believe the economy sucks. With all the cheap, modern conveniences afforded to us it’s kind of difficult to compare today to the great depression. Here I am, poor as shit and I’m typing away on my laptop in my heated home trying not to get distracted by the thought of the bacon wrapped hot dogs I’m going to make for lunch. Not exactly dust bowl farmer material sitting here.
Even though it can be difficult to really feel the effect of the poor economy, it’s not impossible. There’s certain things that make you realize, without a doubt, that we are in trouble. For example, Hostess is declaring bankruptcy.
You know the economy’s in the shitter when you can’t turn a profit selling Twinkies in America. This company was founded in 1930 during the beginning of the great depression and they somehow managed to claw their way to the top by shoving sugared fat down the throats of Americans until we became the fattest country in the world and now they’re failing? Yeah, it’s a recession.
Cnn reports that Hostess will still churn out the cupcakes and Ding Dongs while filing bankruptcy but it owes $21 million to it’s employees for services rendered and $1 billion to creditors. Now Hostess says it will continue operation and won’t shut down any plants or layoff any employees but how long can they go without paying them? 83% of their employees are union and they’ll probably tolerate being paid in Sno Balls for so long. How long will this go on before Hostess goes under?
I think we all know what needs to happen. Federal bailout.
Think about it. Hostess is an American icon and they would only need like less than %2 the amount that was used to bail out the banks. Why can’t they get a bailout? I don’t even bank with the big banks but I eat Zingers like a motherfucker.