That's the title of a Forbes article. I shit you not.

http://www.forbes.com/sites/janetnovack ... -industry/

They could as easily have asked the opposite question, is the private equity industry (Forbes-speak for Wall Street or the 1%) a liability for Mitt Romney?

I'd have to say the answer to both questions is "yes", and it couldn't happen to a nicer bunch.

The private equity industry is a liability to the private equity industry.

More often than not, it is portrayed as a negative business whose investors enrich themselves at the expense of others.

That's because it is and has always been. The people have a serious case of the "don't want to get out of beds" but they are waking up from the dream named capitalism. I have to say, I starting to think Marx was right when said that socialism would naturally evolve from capitalism.

The total and utter collapse of the capitalist system has begun, it can be stalled at this point, possibly for decades to come, but it will not be stopped. The inaction on behalf of the federal government for the american people and the favoritism shown to the banks was the final straw.

What's interesting is that the right wing noise machine has been relentlessly promoting the "job creator" crap.

But unless I misread, the U.S. public is not buying it this time. There is still a deep well of anger and resentment against the 1%. Obama is picking at that scab around the edges, but he and the Democrats are too complicit to make too much of it.

There remains a big opportunity for some leftish organization to mine that anger. Occupy started it last year. We'll see how this plays out.