Barack Obama has picked up the highly coveted Larry Flynt endorsement. Flynt is the owner and founder of Hustler Magazine:

“I think Romney will win,” Flynt told TheDC, before hastily correcting himself. “Wait — I mean I think Obama will win, and I’m going to vote for him.”

Asked if he was dissatisfied with Obama’s performance as president, Flynt said Obama “has fallen far short in many ways,” mentioning the extension of the Patriot Act and “the way he’s dealt with Congress.”

But Flynt said it’s important “to consider the lesser of two evils.”

“I don’t think anyone would prefer Romney,” he explained.

Referring to Romney’s 2007 advocacy for porn-blocking software on all new computers, Flynt said the presumptive GOP nominee is “a typical politician: can’t keep the streets clean, but wants to keep our minds clear.”

Flynt added that Romney’s forthcoming commencement address at Liberty University — a school founded by Rev. Jerry Falwell, against whom Flynt won a landmark Supreme Court case on free speech — showed that the former Massachusetts governor “will pander to anyone.”

So is this a good or bad sign for Obama? I guess it’s good that he finally has a businessman backing him. Aside from Warren Buffett and other people who feel guilty about their wealth, there aren’t too many serious entrepreneurs backing Obama. You know the Occupy crowd are probably big fans of Hustler Magazine too. But will this impact mainstream voters in any way?

Probably not.

But at least it’s funny to point out embarrassing endorsements.