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Proposal to Crowdsource the Drive-Bys

BEGIN TRANSCRIPT

RUSH: Here's Doug in Grove, Oklahoma.  You're next on the EIB Network.  Hello.

CALLER:  Hey, Rush, Doug.  How are you?

RUSH:  I'm fine, sir.  Thanks for the call.

CALLER:  You bet.  Here from Tom Coburn country.  It's a real shame we're gonna lose the man. Watching him in community meetings, the intelligence and the sincerity and the wisdom of Tom Coburn, it's gonna be quite a loss for us.

RUSH:  I like him.  He's a good guy.

CALLER:  Yeah.  What I was calling about is the Drive-By Media.  Out of all of the problems that you listed in this recent survey, I think the underlying, pinning problem is the poor information people. What do you call them, the low-information voters, un-information voter?  What's your term?

RUSH:  I just call 'em the low-information voters.

CALLER:  Yeah.  I'm thinking, why don't we create a crowd-funding system called the Freedom of Information Fund, and let's sell shares to the American people -- $25, $50 a share -- and convert those into shares and buy up NBC and buy up 51%, and when we do that, we'll take on ABC and the others.  There's enough business money and Republican money in this country to stop this nonsense of these radical Drive-By Media. We'll just own 'em.

RUSH:  So you want to a kick-starter campaign in other words?

CALLER:  Yeah.  We'll have the Freedom of Information Fund, and if you'll help me I'll start it. We'll get some stock brokerage to start it happening.  I don't know what it would take. Well, how much would it cost to buy ABC ore NBC?

RUSH:  Well --

CALLER:  Do you have any idea?

RUSH:  You could buy CNN right now for maybe, what, $8 million?

CALLER:  Really?

RUSH:  Eight billion?  What did I say?

CALLER:  Billion, maybe.

RUSH:  Yeah, I think you could buy CNN for $8 billion.

CALLER:  I don't know what it is.  But with people like you and Romney and a whole bunch of affluent people, we could orchestrate the buy up of these networks and correct this problem.  I think it's the major problem of this country is the low-information voter not getting the stories on the evening news, and I think we can fix it.  What do you think we could do it?

RUSH:  You know, this has come up throughout my 25 years of doing this show.  "Why don't you, or why don't rich conservatives just get together and buy a network?"

CALLER:  Yeah.

RUSH:  "Why don't they?"  I've never asked anybody this question.  I've just had people like you call and ask me about it.  I don't know what their objection to it is.

CALLER:  I don't know the security rules of converting crowd funding, and it wouldn't be donations.  This would be investments.

RUSH:  Well, that wouldn't work. 

CALLER:  Wouldn't work?

RUSH:  No, that's a problem.

CALLER:  Well, maybe we just need to set up a campaign to buy the shares 'til we can control it.  But that would change everything in this country if Pelosi and these people couldn't run these stupid comments and have that carry the evening news.

RUSH:  Well, look, I totally agree that the landscape that we have today is directly traceable to the media.  It's what I was getting at yesterday when I innocently asked people what percentage of the population they thought the is gay.  The media makes it look like... If you ask anybody under 30 in this country, they'll tell you it's 30% of the population is gay. 

The reason they think that is because of the way the gay lifestyle and so forth is portrayed in all media, in entertainment media, news media. It is made to look like it's omnipresent and however it's portrayed. It's just there, so people get the idea that it's almost half the country, when it's not even 3%.  Now, Rupert Murdoch just offered $80 billion for Time Warner, which includes CNN. 

He'd have to sell it off, and that's where the $8 billion for price tag CNN actually surfaced.  But he was rejected.  So he's gotta come back. He's gotta sweeten the pot.  Something like this has to be approved by regulatory agencies and so forth and so on.  I know they're never gonna let it happen.  Look, Doug, you know who Jack Welch is?

Jack Welch, the famed chief executive officer of General Electric, Jack Welch is out there every day now, now on cable news and writing columns, and he's just bashing Obama's economic policies like you can't believe.  He ran NBC News when GE owned it!  Did it change?  It didn't.  It was such a small part of General Electric that Tom Brokaw's check came from the GE Refrigerator Division.

END TRANSCRIPT

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