America engaged in a few moments of phony communal nostalgia for the Hostess Twinkie today, as the news got around that the Texas-based snack manufacturer would shut down operations and sell its assets following bankruptcy and a long battle between the brand's current private equity owners, creditors and the union representing 18,500 bakery and factory workers. The biggest losers, as always, are the employees. With a Kochian sneer, Hostess CEO Gregory F. Rayburn announced that "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders."
Oh, the Twinkie! How will America recover, etc. First, [...]