Adult film industry tries to get a piece from Congress
Yesterday two adult film kings announced that even their industry in need of TARP funds, and sent a letter to Congress seeking $5 billion to bailout their apparently near-flaccid industry.
The two giants, Larry Flynt (of Hustler) and Joe Francis (of Girls Gone Wild), claim that they are worthy of TARP funds because their industry has suffered a hard blow, with DVD sales going down 22% during this past year.
Francis sees his industry like the big three automakers, only BIGGER: “Congress seems willing to help shore up our nation’s most important businesses; we feel we deserve the same consideration.”
Francis says he’s going to D.C. to personally make the pitch. Sounds like someone has a bone to pick.
I think it’s safe to say that this is one money shot they probably wont get (though they might experience a surge in sales on a Member-by-Member basis), but it’s funny to see them try.
Though I must say, if the government ever decided to bail out this industry (which they obviously wont), you would see shares of Kleenex’s stock shoot through the roof.
While I don’t think that anyone is taking their efforts seriously, I think that it highlights the foolishness of these bailouts. I wouldn’t be shocked if there are dozens of other industries that have already sought their own bailouts, but haven’t made their way into the news.
Here is a great video that also highlights the foolishness of these bailouts, stimulus packages, etc: