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A contraction of the names (MA)o + (OBAMA). Sometimes: Chairman MaObama.

The name refers to President Barak Obama because he shares socialist views with the late communist dictator Mao Zedong (aka Chairman Mao) of the People Republic of China (1949-1976).
"Chairman MaObama just had another meeting with fellow Marxists Castro and Chevez."
by higg pa April 20, 2009