Ford chief urges Fed action (Emaciated corpses litter streets!)

http://money.cnn.com/2007/08/24/news/companies/ford_fed/index.htm?postversion=2007082406 ^ | 8-24-07

[Nonstatist]

Like I said. Get your resume ready.

[RJL]

housing prices declining 60%

Millions of illegals leaving the building trades will drive up the price of new homes and that will in turn drive up the price of existing homes.

[MississippiMan]

Doesn’t the Ford CEO have better things to do? Like learning how to not manufacture crappy cars with poor gas mileage that noone wants to buy?

Ford is idiocy defined. With business in the tank and the company in trouble, they continue to defiantly and aggressively support the radical homosexual agenda, despite the AFA-led boycott against the company because of it. Hard to see the business sense in alienating tens of millions of potential customers to please a tiny splinter group, but Ford has dug in its heels to do so.

It has most definitely cost them my business. I'm in the market right now for a car, a truck, and a tractor.

MM (in TX)

[jennyjenny]

You may very well see your business increase.

[Moonman62]

I agree. At their worst, wages go up as a result of inflation, not as a cause. And at their best they go up because of increased productivity.

[Southack]

"Sorry to burst your bubble, but when the internet/ stock market burst in 2001, people were screaming bloody murder, but we survived. The Fed should NOT cut rates this time around since the rest of the world economy is in great shape and the US is due for a little correction. Its the healthy thing to do!"

We survived the internet bubble because the Fed cut rates and injected cash to prevent a credit crunch.

We'll survive the mortgage bubble the same way, though like the dot-comers felt real pain, so too will the sub-primers this time around.

And neither back then nor now are the Fed rate cuts a bailout; it's the Fed's job to insure that we not see another 1930 to 1940 liquidity crisis, and it does that by cutting rates and injecting cash into the system.

[Marysecretary]

Ridiculous, isn’t it? These probably were homes that cost $40,000 back 25 years ago. Little bungalows that were built during the Second World War are selling in my town for $130,000 and they aren’t anything special.

[Marysecretary]

I love it when TV ads encourage people with poor credit to apply for loans, cars, homes, etc. That’s a sure way to fail.

[Marysecretary]

Me, too. If only I hadn’t bought that huge color printer that sucks ink like it was water. I could be debt free by now (smile).