In 1981 President Ronald Reagan, ticked off by striking air traffic controllers, intervened on behalf of the nation citing "peril to national safety" Once again, we as a nation are facing a peril to our safety! Hostess Brands -- the maker of such iconic baked goods as Twinkies, Drake's Devil Dogs and Wonder Bread -- announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them. NEW YORK (CNNMoney) President Barrack Obama CAN NOT allow this! If we can bail out GM, we can damn sure bail out Twinkie the Kid!