Recession hits the brothel business
One Nevada madam says clients no longer have as much money to spend, and she worries about the fiscal cliff negotiations in Washington.
In this video, the madam who runs the famous Mustang Ranch brothel in Nevada says business has been better. Susan Austin thought prostitution would be recession-proof, but that didn't happen.
"When a lot of my high rollers all of a sudden discovered they didn't have the discretionary income and they couldn't play as hard as they used to, well that definitely dug into their wallets which definitely affected us," she told CNBC's Jane Wells.
The company doesn't count prostitutes among its employees. Instead, the prostitutes work as independent contractors that negotiate prices with customers and then pay Mustang Ranch a commission, Wells reports. If customers decide to use one of the larger, nicely decorated suites, it can add $1,000 to their bill.
The Ranch has been forced to drop prices on its "Pleasure Menu." And though it's tough to imagine the fiscal cliff being a top conversation topic there, Austin seems to be worried about the potential of higher taxes and a heavier burden on the rich that the fiscal cliff may bring.
"Anything that happens in Washington affects everybody in the United states," she said. "It's going to trickle down to me sooner or later. So it's definitely going to hurt me in the end."
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Congress never had the ability to fix us. They are the problem, not authors of solution.
Difference between a hooker and a lawyer/politican?
Hooker can't phuck a dead man.
Tell the prostitutes to move to Washington DC. I'm sure they will find an abundance of lucrative business doing in-House calls.
I guess the term spreading the wealth means something different there.
If only they would legalize prostituion and pot. Major tax revenue.
My vote does to the madame from the ranch. Lets run her for president in 2016.. Maybe she can straighten out DC..LOL
Demand hasn't changed. Supply has probably gone up. The market is allways right, isn't that true free marketers?
So time to drop prices, and hold a black friday sale. See if business picks up. Try outsourcing. Perhaps lobby for trade restrictions on premarital relations.
Seriously, I doubt the "Fiscal Cliff" has anything to do with this. They call it the oldest profession for a reason. As the realtors say, "when the price is right, the house will sell".
It's a sad day in hell when a rich man can't afford a whore! That's why they need a tax cut. Now I know what types of jobs the rich are starting up.
So tell, Einstein, which "poor man" signs your paycheck? Or do you even have a job?
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[BRIEFING.COM] In case anyone needed a reminder how beholden the stock market has gotten to the Fed keeping rates at the zero bound, they were offered one today when the major indices pretty much turned on a dime following a report out of The Wall Street Journal's Fed watcher, Jon Hilsenrath, that suggested the Fed may very well keep the "considerable period" language in tomorrow's directive.
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