"All right, listen to me! Listen carefully! This is your goddam life I'm talking about today! In this country, when one company takes over another company, they simply buy up a controlling share of the stock..."
"But first they have to file notice with the government. That's how C.C. and A. -- the Communications Corporation of America -- bought up the company that owns this network. And now somebody's buying up C.C. and A! Some company named Western World Funding Corporation is buying up C.C. and A! They filed their notice this morning! Well, just who the hell is Western World Funding Corporation? It's a consortium of banks and insurance companies who are not buying C.C. and A. for themselves but as agents for somebody else!
Well, who's this somebody else? They won't tell you! They won't tell you, they won't tell the Senate, they won't tell the SEC, the FCC, the Justice Department, they won't tell anybody! They say it's none of our business! The hell it ain't!
Well, I'll tell you who they're buying C.C. and A. for. They're buying it for the Saudi-Arabian Investment Corporation! They're buying it for the Arabs!
We know the Arabs control more than sixteen billion dollars in this country! They own a chunk of Fifth Avenue, twenty downtown pieces of Boston, a part of the port of New Orleans, an industrial park in Salt Lake City. They own big hunks of the Atlanta Hilton, the Arizona Land and Cattle Company, the Security National Bank in California, the Bank of the Commonwealth in Detroit! They control ARAMCO, so that puts them into Exxon, Texaco and Mobil oil! They're all over -- New Jersey, Louisville, St.Louis, Missouri! And that's only what we know about!
There's a hell of a lot more we don't know about because all those Arab petro-dollars are washed through Switzerland and Canada and the biggest banks in this country!
For example, what we don't know about is this C.C.A. deal and all the other C.C.A. deals!
Right now, the Arabs have screwed us out of enough American dollars to come back and, with our own money, buy General Motors, IBM, ITT, AT&T, Dupont, U.S. Steel, and twenty other top American companies. Hell, they already own half of England.
Now, listen to me, goddammit! The Arabs are simply buying us! They're buying all our land, our whole economy, the press, the factories, financial institutions, the government! They're going to own us! A handful of agas, shahs and emirs who despise this country and everything it stands for -- democracy, freedom, the right for me to get up on television and tell you about it -- a couple of dozen medieval fanatics are going to own where you work, where you live, what you read, what you see, your cars, your bowling alleys, your mortgages, your schools, your churches, your libraries, your kids, your whole life!
And there's not a single law on the books to stop them! There's only one thing that can stop them -- you! So I want you to get up now. I want you to get out of your chairs and go to the phone. Right now. I want you to go to your phone or get in your car and drive into the Western Union office in town. I want everybody listening to me to get up right now and send a telegram to the White House --
By midnight tonight I want a million telegrams in the White House! I want them wading knee-deep in telegrams at the White House! Get up! Right now! And send President Ford a telegram saying: I'm mad as hell and I'm not going to take this any more! I don't want the banks selling my country to the Arabs! I want this C.C. and A. deal stopped now!
I want this C.C. and A. deal stopped now! I want this C.C. and A. deal stopped now!"
Well, Western Union doesn't deliver telegrams anymore, the Arab stake in America is a helluva lot more than $16 billion, and Gerald Ford isn't president, but not much else has changed from 1976. Eerie, and pure genius.
Now, the national security dimension of an Arab country running our ports is enough to raise the hackles of common sense in anyone, apparently even in Democrats, so this must be really important.
But the United Arab Emirates, who just bought the stock of a port-running company, has never been proven to have done any harm to the United States, has it? In fact, they handed over one of the USS Cole terrorists. I mean, we're not engaging in racial profiling here, are we? (Just checking. I would not want our friends on the left to employ common sense if it makes them morally uncomfortable.)
There's a little-known law from 1920 called the Jones Act, a portion of which, to ensure the nation's economic security, dictates that any cargo (petroleum products included) shipping port-to-port must be done by American built, owned, flagged and (75%) crewed vessels.
There has been a move of late to repeal the Jones Act, as its protectionism had the effect of a hidden tax, although such efforts have stalled. The Jones Act was designed so that no outside forces could interfere with the flow of commercial shipping in the United States.
Instead of repeal, it appears national security demands an expansion of the act to include our ports themselves. I want the C.C. and A. deal stopped now, too.