However, interestingly, there is no evidence that more private-equity-owned companies went bust in the great recession of 2008-9 than other kinds of firms - although there is plenty of evidence of private-equity-owned companies with large debts feeling very vulnerable.

BBC: The financial lessons of Southern Cross

But first I want to ask about this: How will it affect politics that you have all of these Democrats who won in Republican leaning districts and will be very vulnerable and perhaps feeling very vulnerable the next couple of years?

NPR: Democrats Storm Back from Oblivion