Washington Post - Why America Fell Out Of Love With Golf
The golf industry has been getting destroyed for the past 5 years, and the speed of its decline has only increased recently. More golf courses have closed than opened every year for the past decade. I think people still tune in for weekend golf coverage, while I only watch tennis 4 times a year. I could be an outlier I guess. This article basically blames the game of golf itself - saying it's too hard, too time-consuming, too rigid of rules, and too expensive. None of those characteristics have changed in the last 100 years, only the upward mobility of middle class Americans has changed. As the Ragin' Cajun James Carville himself said, "It's the economy, stupid."
Since I love pointing out Obama's countless failures, the real culprit here is the monetary policies of the Fed. Quantitative Easing is the worst thing that Obama's administration unleashed on the world. You simply cannot print money to solve problems. People somehow fail to realize this. Obama likes to harp on income inequality, yet that gap has greatly increased during his tenure. It makes sense since he needs more people on the dole for votes. 5 million new voters in 2016 has a nice ring to it. Don't believe me? Check out these headlines from this morning:
Amnestied Illegals Will Receive Social Security Benefits In 2015
Social Security Checks Mailed To 6.5 Million 112-year-olds Or Older In 2014 (All voted Dem too)
CBO - Health Insurance Premiums Set To Spike
All of those headlines should be seen as terrible news to the middle class of America. Then I saw this chart from the Wall Street Journal about current manufacturing in the United States.
At least the stock market is at an all-time high... I'm going to the driving range.
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