The question is largely irrelevant, because this administration's decisions have little impact. The dominant economic reality is the continued unwinding of the real estate bubble of the 2000s. Both Congress and the Federal Reserve have been manipulating the law and the money supply to avoid a severe collapse of real estate values.
I expect the relative price of golf and the number of operating courses to continue falling, though repeated quantitative easing events may make asset values look stable.
Your eternal optimist...
John
John has it 100% correct.
I'd also add that previous Administrations and Congresses have had a far greater impact on the state of golf with their re-jiggering of allowable tax deductions related to club memberships and development activities.
This super debt delationary cycle (largely, but not exclusively, RE-related) an event that we've not, as a contemporary US society, experienced since the early 1800s, and it is little but sheer folly to blame it on a single political administration's policies. It has taken years of greed, political corruption and willful ignorance, and compression of time frames to produce our present dilemma. Unfortunately, it will likely years longer to dig our way out of it. While it would certainly help if our politicians didn't purely pander to their $$ and re-election interests, people need to look longer in their own mirrors and less at their faux-ideological faiths to find the character to return to a longer-term American prosperity.