Tuesday, March 3, 2009
Storms Ahead for Golf
I was watching CNBC last week, their show The Call with Larry Kudlow.
It has taken me some time to digest what I saw.
Larry Kudlow was incensed, outraged even, that all of this increases oversight of the financial industry was going to have a giant impact on the golf industry.
You read that right, Kudlow spent a half an hour going on about the golf industry.
It seems with all of this bail-out attention, banks and financial companies are reducing or withdrawing their sponsorship from professional golf events.
Apparently, some people think it is bad to use several million dollars of tax payer subsidy to sponsor pro golf tournaments.
Don't people realize how much networking happens at these golf tournament sponsor tents - Kudlow seethed?
Think of all of the deals that have been made at these functions.
(Never mind that the deals that were made at the last few years worth of golf tour tents has driven the world economies into the crapper.)
And then there are all of the bags and clubs, the polo shirt sales.
Folks who have outsourced all of their manufacturing count on sales of golf accessories - and are an active part of this countries economy, sort of.
Balls, think about all of the balls that go into the golfing industry.
(Think about the balls it takes to be outraged that the companies receiving billions of dollars in bail-out funds are reducing sponsorships for a golf tournament, due to pressure from tax-payers and representatives from Congress - and then spout off about it on national television.)
Larry Kudlow was fairway sprinkler of discontent.
Think about the caddies.
Those tireless teenagers, who dream of one day working the circuit as a professional looper.
Think about the market speculators who will now have to network in a significantly smaller hospitality tent with a cash bar.
Think about how all of this god-damned government oversight of where TARP funds are being spent is going to destroy the golf industry.
The golf industry, people!
This is serious.
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