Since 2007, a watchdog organization reported, nearly 50 clubs have received $110 million in lending from the Federal program since its expansion under President Obama. The SBA said its actions were needed because of the inability of most businesses to get loans from other sources during the recession.
New York Clubs Choose Members Over President Obama
President Obama was turned away from three Westchester, N.Y., golf courses over Labor Day weekend because the properties did not want to inconvenience members to accommodate the president on short notice.
Golf’s Impact on U.S. Economy Highlighted in CNN Report
The $67 million in prize money that will be made available through the FedEx Cup playoffs “reflects how the industry is battling back from recession…and contributing more than you might think to help boost what is still a fragile U.S. economy,” the network said. President Obama’s passion for the game is also helping to revive interest and participation, it was noted.
Obama and Boehner Win “Golf Summit” Match
In an 18-hole match on a course at the Andrews military base, the President and House Speaker took $2 each from Vice President Biden and Ohio Governor John Kasich.