USB Microphone has distortion?

I recently bought a blue spark USB microphone Blue Microphones - Podcasting, Streaming & Recording to use with Cubase Artist 7. However, when I tried to use it to record audio in cubase it came out staticy and distorted. I do not believe the microphone is defective, because I listened to the output outside of Cubase and it seemed to be fine.

My ASIO Driver is ‘Generic Low Latency ASIO Driver’ with Blue Spark USB Mic set as the input, and the input bus is Audio Device: Generic Low Latency ASIO Driver and the Device Port is ‘Blue Spark USB Mic.’

Any idea what the problem is? Is my audio driver wrong/not high quality enough to process the input?

Thanks!

What is your exact signal path?

Also:

My ASIO Driver is ‘Generic Low Latency ASIO Driver’

Do you not have an ASIO compliant sound card?