Tiger Woods once was a metaphor and symbol for American exceptionalism on and off the golf course. When Tiger won, the Stock Market seemed to also do well. There appeared to be an interesting phenomenon and karma between the Tiger and the US economic success during his golf reign. Las Vegas odds
Economist may want to suggest to President Obama that the best stimulus plan for the US economy would to help Tiger regain his “mojo” and win again. There have been occasional flashes of the old Tiger — he contended for the Masters back in the spring — just as the economy has shown bursts of its old self. Earlier this year, it looked as if we might see 3-4 GDP growth and unemployment falling to 7 percent. Didn’t happen, as in succession the Japanese earthquake wrecked the global supply chain; the Arab Spring caused oil prices to spike; a debt-ceiling debate kicked up in Washington; and the Eurozone faced an unprecedented debt crisis.
Tiger has missed the cut at the PGA Championship and the US lost its once stellar credit rating. The unemployment rate is at 9 percent, the worst in 25 years and Tiger has dropped to 51st in the world golf rankings. Internationally our credibility is reaching junk bond status and Tigers commercial endorsers are jumping off the band wagon as fast as they can. The road to a real and robust comeback for Tiger Woods may be similiar for the US economy. Tiger must begin to focus on his fundamentals of his game. The putting accuracy and drive consistency that he once displayed. The US government must also be consistent and honest in its message to the business community and the public. If it is necessary to raise taxes and cut expenses from programs that are dear to Americans just be direct and honest. Vegas odds
Tiger must establish a unified team on and off the course that provides him the emotional stability and critical advice about his game. The Congress, President and the business community need to get on the same page and work as a team. It is a election season and this is virtually impossible. However, we can liken this to a Presidents Cup Team that comes together temporarily to kick some butt. The “butt” here would be the economy and the all star team composed of government and business would be ready to capture the trophy on behalf of our the American taxpayers.
So root for Tiger as he makes his comeback. The restoration of the US economy may mirror and in a strange way be linked to Tigers’ revival.