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1.
The new era of government instituted in early 2009, represented by blank-check spending and the largest expansion of government since God said "Let there be light."
"Thanks to the Barakracy, my children's teeth will now begin to resemble those found in Great Britain. Thanks Barak!"
by ARPH February 10, 2009
 
2.
An bureaucracy created by the Obama administration. An excessive multiplication of, and concentration of power in, administrative bureaus or administrators.
Did you hear Obama just appointed an insect czar? He is creating quite a Barakracy up there.
by DCDevo July 10, 2009