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The wit and wisdom of Henry Ford

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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:14 PM
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The wit and wisdom of Henry Ford
http://www.humanismbyjoe.com/political_quotes.htm

And now take wages. An unemployed man is an out-of-work customer. He cannot buy.An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business depression is through purchasing power, and the source of purchasing power is wages....

Wages is more of a question for business thanit is for labor. It is more important to business than it is to labor. Low wages will break business far more quickly than it will labor.


Ford was sued for paying too much to workers and reinvestment by shareholders who wanted profits maximized. He lost.

http://www.abelard.org/ford/ford2-business.php#court


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lligrd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:21 PM
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1. He Also Used To Inspect Their Houses To Ensure
they were living up to his moral code. Still, he had the wage thing right.
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wildbilln864 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:27 PM
Response to Reply #1
2. and he also made automobile bodies from marijuana....
how dare he! ::shrug:
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Hardrada Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:41 PM
Response to Reply #2
3. And he said they could buy any color car as long as they were stoned.
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salguine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:46 PM
Response to Reply #2
6. He also was rabidly anti-union, and of course there was that whole awkward
Nazi-sympathizer thing...you know, the mutual admiration between him and Hitler, and his being personally decorated by der Fhrer in 1938...

Still, yes, he was right about the wages.
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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:41 PM
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4. The wit and wisdom of an antisemitic fascist Nazi supporter?
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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:45 PM
Response to Reply #4
5. He was right about wages and the business cycle
Lou Dobbs is right about election integrity too.
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Hardrada Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-25-08 12:16 AM
Response to Reply #4
8. Well, no one's perfect.
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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-25-08 10:52 AM
Response to Reply #8
9. LOL Can't wait to hear about the wit and wisdom of Darth Cheney
:rofl:
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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:48 PM
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7. Andrew Carnegie was a union buster and ruling class tool also
But he believed in public libraries, and offered to buy the Phillipines and set them free in order to stop the US from becoming an imperial power.
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