The Limbaugh transcript went, in part:

“Unions are the Democrat Party. Trumka is at the White House again today. Won’t even compromise to save 18,500 jobs. Are you kidding me? Obama couldn’t step in here even for the optics of it? I mean, yesterday he saved New York. Today he could save Ding Dongs. He could save Twinkies, except at the White House Michelle’s probably celebrating, ’cause this is just rotten, no good food to her. But, see, I think they wanted this, folks. I think they wanted Hostess bye-bye. And you know why? They wanted this to happen because this is just going to create more dependents on unions and the government. It’s just gonna create more dependents. So this is all fine with Barry.”

["Damn right they had Ding Dongs in Missouri, Twinkies, all that, absolutely.  When I worked at the Kansas City Royals, Hostess was a sponsor.  I had Twinkies all over my office.  I mean, I had stacks of Twinkies and Ding Dongs.  And we put plenty of Ho-Hos in the locker room for the players."]

["Hey, Twinkie fans, all is not lost.  All is not lost.  Are you ready for this?  I have some news here from The Politico.  "A new White House petition wants President Obama to nationalize the 'Twinkie industry,' saving the popular junk food from possible extinction." It's a website called "We the People." 

"We the undersigned, hereby request Barack Obama to immediately Nationalize the Twinkie industry and prevent our nation from losing her sweet creamy center." The website is "We the People."  You know who runs it?  White House.  So the White House has a petition up that many people may not know is a White House petition.  As far as people are concerned it's some interested citizens who are begging President Obama to bail out the Hostess company, thereby paving the way for Obama to go in and do it, responding to public demand, when in fact it's a White House plan from the get-go. 

So let's say it happens.  Politico's ready to write the headline: "Obama Saves Twinkies."  Get ready for it.  In fact, this was predictable.  I should have predicted it when the program began today, 'cause it's just too easy.  There's no way Obama's gonna compromise with the owners and save it, but he'll be glad to nationalize it. I mean, this is chump change compared to an automobile company.  And then after a while, sell it to the union, or give it to the union like he did General Motors, and then proclaim the Twinkie industry saved.  Don't laugh.  Snerdley's in there laughing.  It has happened.  It happened with Chrysler. It happened with General Motors. 

"Osama is dead; General Motors is alive.  Yeah they're Twinkies, I know Michelle is out there campaigning against Twinkies, but that's a minor concern to be overridden.  I'm telling you, don't be surprised if it happens."]