Why not just have the porn stars do a bunch of car wash fundraisers in the nude, complete with live action "demos" of their work? That would definitely get the bailout rolling.
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No, they don't deserve a bailout. Unless the U.S. government makes porn illegal, there is always going to be someone willing to have sex on camera for whatever money is offered, unlike car makers who aren't willing to sell all their new cars for $500.
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I just think that there are other industries out there that need bailout besides porn. There are essential ones like maybe healthcare, public transportation or utilities. In my opinion, they should be taken cared of first. It's a matter of setting priorities.
I don't agree with your statement that porn provides us with a lot of new high technology. I would say that porn takes advantage of the available technology to deliver their services.
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The only reason Porn was the first to innovate in the fields you list is because that's where the money was, not because of anything inherent about porn. If the industry is suffering (which I doubt) then there are no longer any broader benefits to society, so a bailout is not justified on those terms.
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They don't deserve the bailout because everyone one of the services you mentioned can be invented for other reasons then porn. I understand porn may motivate to make the technology slightly quicker, but I don't think it would be significant enough for a bailout.

The porn industry is not going under, there will always be many people willing to pay for these services. Porn is entertainment, during a recession entertainment industries are in less demand and have to downsizes, it's the nature of the industry, but it will never be gone completely.
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The bottom line is that the porn industry is not going to fail. Humans have an innate desire for sexual contact and sexual interaction. Do they deserve a bailout? No. Just like any other industry, they should be built or broken upon the same wheel as the rest of the economy. Do they need a bailout? Not likely. They may be suffering from reduced monthly subscriptions; however, purchases haven't shown to slow down. As a matter of fact, several large retailers (such as Amazon) have experienced INCREASES in spending during these "trying times." This goes against what we are being programmed to believe through the media.

Yes we're in a bad situation but no we don't need to bail out every single company or industry that comes begging. That defeats the purpose of a capitalistic society which is what this country has become.
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There seems to be no debate that it is a major industry. If it really was on the rocks it would be worthwhile to consider government help. However, there is no reason to suppose that it really is in trouble, beyond having a typical decline in revenue from the depression. They don't have massive aging plants or burdensome union contracts. I doubt they even have much long term debt. So, why do they need the $5 billion? Probably they just want the publicity from asking.

But your question is actually if they were in trouble would they deserve help? I think that would depend on the kind of trouble the industry was in. The industry employs lots of folks and entertains lots of folks and doesn't damage the environment or kill people so other things being equal it deserves help. But, if it went out of fashion after all these centuries, that would not be something the government could help solve. If they had unfair foreign competition, the government should negotiate a solution with the foreign producers or countries. If they had a short term financial crises because the banks were not issuing loans, then the government should fix that with guaranteed loans or the like. If states and municipalities were trying to interfere with their interstate commerce, the Federal government should put a stop to that.
One problem that the porn industry may actually have is oversupply of porn that is already produced. Porn on dvd's or the internet doesn't actually wear out very quickly. People can only watch so much. If the industry needs to downsize a bit because of that then the government can only provide retraining programs for those laid off (instead of on, so to speak).
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