Update on that last post about Ford MoCo.

This little notice appeared on Aol.com this morning in a long list of companies that are about to lay off 10,000 or more employees.

August car sales at Ford fell by 26% to just over 155,000 units. The company said the second half might be worse than the first. Ford promised to cut production for the balance of 2008. Ford is running low on cash and its credit ratings have been dropped due to rising default risks. Once it has switched its product mix to fuel-efficient models*, it still have to deal with Toyota and Honda who own that end of the market.

I'm so glad the economic news is now all good, as those good folks over at National Review keep telling me. The fact that my school is going to have to return 3% or its budget to the state but only after the election does undermine my faith in their optimism hardly at all.

*though NOT the car they already have in Europe that gets 65 mpg. Americans won't buy it.