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Wednesday, May 15, 2024

Porn Industry Bailout (why stop there?)

The porn industry is having issues and needs a bailout, Actually it doesn’t "need" a bailout, it wants a bailout. Since the govt can print money at will to pay of all of these bailouts, why doesn’t the govt declare a tax holiday for all taxpayers and print whatever money it needs to run itself? (I know, as previously discussed, "print" isn’t exactly correct.) Alternatively, bailouts should be distributed equally, and I’m organizing a group of unemployed attorneys who need bailout support to allow them to quit their part-time jobs at Costco handing out food samples. If you’re an unemployed attorney and on board with my plan, send me an email at ilene@philstockworld.com.

Larry Flynt Seeks Porn Industry Bailout

Courtesy of Mish

Even though online sales are up, and the industry is not in financial danger Larry Flynt Seeks Porn Industry Bailout.

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.

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."

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."

It was only a matter of time before this happened, and that time has arrived. It’s safe to say that nearly every industry group in the country is now asking for a bailout.

This is what happens when you start handing out free money. Everyone wants their "fair share". The fair share for every request is of course zero, but once you cross the line and start picking favorites, it is hard to stop. Lines for free money will always be endless.

Mike "Mish" Shedlock

p.s.  The same argument can be made by the pharmaceutical industry.  If you’re a medication and feel sales are down due to the credit crisis, send an email to…   

 

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