Group Says Pro-Homosexual Policies Hurting Ford's Earnings, Local Dealers
by Ed Thomas
October 24, 2006
(AgapePress) - - Even as a new CEO described yesterday's news of Ford's latest earnings as "clearly unacceptable," a spokesman for a pro-family organization called the automaker's slipping profits "simple economic sense" in light of its continued financial support of the homosexual agenda.
The latest figures from Ford indicate a $5.8 billion loss in the last quarter. The loss has been attributed to the cost of the automaker's restructuring plan, which involves the layoff of 10,000 white-collar workers and 75,000 union employees, according to Associated Press reports. And even as the company's earnings have dropped in recent months, its price per share has also fallen.
The Tupelo, Mississippi-based American Family Association (AFA) is one of a number of organizations that have been boycotting Ford since spring. The pro-family group has been complaining for months about the automaker's running of ads in graphic homosexual magazines, as well as other decisions that evince Ford's support for the homosexual community and its activists' causes.
AFA special projects director Randy Sharp believes that ongoing support is a primary factor in the company's current financial troubles. "They're helping to push the homosexual marriage agenda in America," he says, "and people disagree with that. They're not buying Fords. That's what results in Ford's losses, we believe."
The automotive giant's corporate officials "are allowing their poor decisions to let their dealers suffer," Sharp contends. He says his group feels for these dealers, "who live in our neighborhoods and go to our churches," but who have, unfortunately, gotten nowhere asking Ford Corporate to just sell autos -- and not the homosexual agenda.
The auto company's continued advertising in homosexual publications and Chairman Bill Ford's refusal to stop are among the prime examples the AFA spokesman cites of the corporate decision-making that is steadily "driving" customers away.
"To be productive and to be profitable," Sharp says, "Ford has got to sell cars. Evidently they're not doing that." So why, the pro-family official asks, are people not buying Fords? "We believe the reason is simple," he asserts. "They don't agree with Ford's corporate philosophy of pushing homosexual marriage in America."
The recent $5.8 billion quarterly loss posted by Ford was the company's largest loss in 14 years. According to AP reports, Ford's revenue for the quarter was $36.7 billion, down $4.1 billion; and while it ended the quarter with $23.6 billion in cash, corporate predicts that total will drop near $20 billion as restructuring continues. That is approaching the $15-billion level in cash holdings that Fitch Ratings says is necessary to avoid raising concern among suppliers and customers.
Ed Thomas, a regular contributor to AgapePress, is a reporter for American Family Radio News, which can be heard online.
