Obese payouts killed the Twinkie
To the Editor:
Had Prop. 37 passed, it would've hastened the demise of Twinkies, revealing the rocket fuel ingredient that sent taste buds to the moon, yet don't be fooled by the Ding Dong's at GOPTV (FOX); the baker's union didn't kill HoHos - executive sugar daddies did. After CEO Brian Driscoll's tripled salary to $2.24 million and executive bonuses totaling $1.75 million, 15,000 jobs were liquidated and factory workers' pay and benefits slashed; gross mismanagement killed Wonder Bread. Since Reagan, working wages have stagnated as CEO compensation has increased 725 percent; from garbage to retailing giants dependent on Christmas hype, American labor that cannot move to China for tax breaks (those 'job creators'), are stripped of their just rewards despite making corporations obscenely rich - and given to board members. Caterpillar's boss took home over $6 million raise while freezing workers pay, yet the ignorance of a nation feeds the greed. When GOPTV says "entitlement moochers" are killing America, they're right, but it's not Medicare and Social Security recipients, it's corporate welfare, Wall Street and wealthy moochers paying practically no taxes via loopholes and cushy island banks - not Main Street. Keeping the wealthiest from tax rates higher than 15 percent, means revenue comes from somewhere else - cupcakes, anyone? Romney insulted enough Americans to see through his fake tan, but the fear from GOPTV moochers will amplify - corporate paychecks depend on it. And if Americans follow without question, they help bloat CEO bonuses at the expense of union workers and working poor. The insanity of Hannity is that he's a Zinger; wrapped pretty with words that taste good, yet a corporate product of lethal ingredients made for profit, not for people.