After Obama was re-elected, thanks to a union strike, Hostess Brands, Inc. is out of business and Twinkies– which were believed to be capable of surviving a nuclear war– are being sold to desperate Twinkie fans for $60 on Ebay. There is now a liberal petition asking Obama for a “Twinkie” bailout. In the meantime, there are 18,000 employees who will now be laid off from Hostess Brands, Inc.
Many news stories are emerging about layoffs and firings occurring immediately after Obama won re-election: Among other news stories, one Las Vegas employer fired 22 employees because as a business “at the end of the day, I need to survive” and Boeing has now announced massive layoffs in its defense division.
“U.S. stocks plunged across the board on Wednesday, the day after President Barack Obama was decisively re-elected… Financial stocks in the Standard & Poor’s 500 were down more than 3 percent around midday”… for obvious reasons, “Stocks took a sharp nosedive in a post-election selloff Wednesday, with the Dow logging its biggest decline in nearly a year, prompted by concerns over the looming ‘fiscal cliff.'”