[Congressional Record Volume 141, Number 117 (Wednesday, July 19, 1995)]
[House]
[Page H7182]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        FOUR JAPANESE TRADING COMPANIES NOW LARGEST IN THE WORLD

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, for years the biggest company in the 
world--General Motors. Not any more. The new Fortune 500 list, the 
biggest company in the world, Mitsubishi of Japan; No. 2, Mitsui of 
Japan; No. 3, Itochu of Japan; No. 4, Sumitomo of Japan; and General 
Motors, No. 5, barely holding off Marubeni of Japan.
  Unbelievable. Mitsubishi is now so big, they are bigger than AT&T, 
duPont, Citicorp, and Procter & Gamble combined. And, guess what, 
ladies and gentlemen? All these Japanese companies have one thing in 
common. They are all trading companies. They make their money selling 
to America, exporting to your town and my town. And while Japan is 
selling to America, Congress is fighting over food stamps.
  Beam me up. There is no intelligence life left here. No wonder we 
have a record trade deficit. I yield back my yen.

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