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Another industry for which deflation would be a huge problem.
Or maybe a 'small' problem.
Porn industry seeks federal bailout
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 porn 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 appe e 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
Filed under: Congress
318 Comments
http://politicalticker.blogs.cnn.com...lout/#comments
Carl January 7th, 2009 2:38 pm ET
Gives a whole new meaning to the words "Stimulus Package"!
Another industry for which deflation would be a huge problem.
Or maybe a 'small' problem.
got it
they have obviously been hit in the face by this recession. It's good to see they won't take this kind of thing lying down. I, for one, am glad to see the leaders standing up big and tall to this. Someone needed to take a hard stance against the government. Hopefully congress will find a way to reach into their pockets and bring some cash around to help excite this industry again. It's the only way they will get off their backs, and I, for one, think they need to get a head of this sticky situation.
The porn industry is getting killed by the internetz, not by the "global economic slowdown."
Why buy the cow if they're giving away the milk for free?
It's fine with me as long as everything is transparent.
Sounds like this may turn into a sticky situation.
Believe it or not, the adult entertainment industry, namely exotic dance clubs, are a primary indicators of how the economy is doing. It's an industry that is primarily affected by peoples disposable income.
As for bailing the industry out....
Have they all gone mad? What a joke.
they're trying to make a point... one which has obviously gone over your head
I thought this was an Onion article.
I kind of doubt that. I'm sure they are hurting like many other places. Both are sleazy slimebags, not someone who does things for purposes of integrity.
Larry Flynt has ten times the moral character and patriotic integrity that you do cobra.
Ok...
If you say so...
How can you say that while sucking his anyway?
You're really talented!
This is a venture people should really get behind.
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