In 2011, Hostess earned profits of more than $2.5 billion but ended the year with a loss of $341 million as it struggled to pay the interest on $1 billion in debt. This year, the company sought bankruptcy protection, the second time in eight years.
Odd. So the interest on $1 billion in debt wiped out $2.5 billion in "profits"
Someone here's playing with funny numbers.
The cost of sugar angle is an interesting one though. A good display of how trade protections can just as easily cost American jobs as help keep them.