We should have known this was coming. Everyone else has their hand out for our tax dollars. Why shouldn't the adult industry get in line too? I seriously doubt President Bush will direct Sec. Paulson to give Larry Flint any money. If we did bailout the adult industry, would we end up owning part of Hustler magazine?
Wednesday, January 07, 2009
Adult Entertainment Industry Wants a Bailout
Joanna Ossinger
FOXBusiness
With the financial industry, auto makers and more getting assistance from the federal government to stay afloat during the recession, the adult industry decided it would try to get something as well.
Girls Gone Wild CEO Joe Francis and “Hustler” magazine publisher Larry Flynt have said they will petition Congress for financial aid along the lines of what the Big Three auto makers are getting.
Francis said that he and Flynt are asking for $5 billion, and that they have sent letters to Treasury Secretary Henry Paulson, Congress and their local Congressman, Henry Waxman (D-Calif.) with the proposal. Rep. Waxman's office did not immediately respond to a request for comment.
With the $5 billion, they would "invest in building new means of distribution, and shoring up our distribution right now to prevent further erosion from factors like Youporn and other Internet content that has seriously affected our business over the past few years," Francis said in an interview with FOX Business. "We will use the money wisely, and we will create more jobs."
Francis said that if invited, he and Flynt would drive across the country in a hybrid vehicle to present their plans to Congress. Link here.
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