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Old 01-07-2009, 02:12 PM   #1 (permalink)
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P o r n industry seeks federal bailout

Disturbing, hilarious and - and I don't know what!

*****************************

January 7, 2009
Posted: 03:00 PM ET

From CNN's Rebecca Sinderbrand and Mark Preston


Larry Flynt is asking for a bailout.
WASHINGTON (CNN) — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.

“The take here is that everyone and their mother want to be bailed out from the banks to the big three,” said Owen Moogan, spokesman for Larry Flynt. “The p o r n industry has been hurt by the downturn like everyone else and they are going to ask for the $5 billion. Is it the most serious thing in the world? Is it going to make the lives of Americans better if it happens? It is not for them to determine.”

Francis said in a statement that “the US government should actively support the adult industry's survival and growth, just as it feels the need to support any other industry cherished by the American people."

“We should be delivering [the request] by the end of today to our congressmen and [Secretary of the Treasury Henry] Paulson asking for this $5 billion dollar bailout,” he told CNN Wednesday.

Flynt and Francis concede the industry itself is in no financial danger — DVD sales have slipped over the past year, but Web traffic has continued to grow.

But the industry leaders said the issue is a nation in need. "People are too depressed to be sexually active," Flynt said in the statement. "This is very unhealthy as a nation. Americans can do without cars and such but they cannot do without sex."

"With all this economic misery and people losing all that money, sex is the farthest thing from their mind. It's time for congress to rejuvenate the sexual appetite of America. The only way they can do this is by supporting the adult industry and doing it quickly."

So far, there has been no congressional reaction to the request.

–CNN’s Chloe Melas contributed to this report

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Old 01-07-2009, 02:36 PM   #2 (permalink)
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Old 01-07-2009, 02:51 PM   #3 (permalink)
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Quote:
Originally Posted by BC-NanceLee
Flynt and Francis concede the industry itself is in no financial danger — DVD sales have slipped over the past year, but Web traffic has continued to grow.
Well, we mostly agree that we don't like bailing out industries that have been mismanaged and that have made terrible business decisions. Since this industry is still doing pretty well, they must have good management. Maybe the return on their investment would be better for the govt if they were to go along with this!
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Old 01-07-2009, 03:00 PM   #4 (permalink)
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Quote:
Originally Posted by RobinL
Well, we mostly agree that we don't like bailing out industries that have been mismanaged and that have made terrible business decisions. Since this industry is still doing pretty well, they must have good management. Maybe the return on their investment would be better for the govt if they were to go along with this!
I'm going to support you on this statement 110%.
I don't think we're going to get a return on the other stuff that has been doled out...you make an excellent point!
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Old 01-07-2009, 03:48 PM   #5 (permalink)
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Flaccid sales are hurting all kinds of businesses. If some bailout cash keeps them from falling on more hard times, then perhaps a little stimulation is needed there.

Ah, the ins and outs of bailout mania.
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Old 01-07-2009, 03:50 PM   #6 (permalink)
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Tracy STOP IT!!
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Old 01-07-2009, 07:22 PM   #7 (permalink)
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Old 01-07-2009, 07:43 PM   #8 (permalink)
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Old 01-07-2009, 07:45 PM   #9 (permalink)
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I thought I read somewhere that in times of hardship, sex tends to boom. This industry should be overwhelmed with sales right now.
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Old 01-07-2009, 07:47 PM   #10 (permalink)
 
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I just drove by Condom Nation. Business was booming and it's a dark snowy night.
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