If you haven't seen this on YouTube, here's a great video by Robert Kennedy. And, as the thread title says, it should be required viewing for haters.
But, as I understand it, the II moniker was used for Henry Ford II for some reason that escapes me right now....
My neighbor bought one new, I kinda liked it for what was available then. Having lived through all of that stuff(embargo etc)it really was not a bad car in the context of that time. I still have a soft spot for them. I would hear comparisons to the Pinto at the time, I think that helped with the negative image. Maybe living through those times has afeected me, because I had a '74 Pinto wagon was not a bad car(4 banger), kinda liked the two door aspect. I then sold it and got a '76 Bobcat from a brother in law for a song, Its was a V6 and was surprisingly nimble, you could burn rubber quite easily from a stop, it was my DD leaving the '71 Bronco for weekends. I think the Mustang II's are quite good looking cars.