Obama's bracket and the economy

I thought when President Obama's pick to win in the West regional - Missouri - lost, that his entire bracket was doomed.
But here, after the third day of the tournament, he's still at 97.4 percent of all brackets.
With such an important loss, how do his number remain high?
It remind me of the economic news now.
Unemployment seems to be dropping and people are spending more money. Aren't things getting better?
Maybe short-term, but the long term prognosis is not good.
Obama's bracket can only go down in the rankings. Someone will pick all eight of the Elite Eight correctly, and pick the Final Four right.
Obama's at his high water mark in the bracket challenge - and likely the economy.
In the short term he can appear to hang on. But the debt is his Missouri - the drag that ultimately dooms him.
UPDATE: Obama picked N.C. State to reach the Sweet Sixteen, and they did. We're never going to hear the end of that.
Even though his contribution is the same as his contribution to increased oil output over the last three years.