Top Definition
A near static state in the economy, where a so-called "recovery" consists of increasing numbers of people on food stamps, continued high unemployment, more poverty families, jobless millennials, and increasing of all welfare benefits. The very rich grow richer (especially if they are liberal bureaucrats, Wall Street, heads of solar companies, or Hollywood), the poor grow poorer, and the middle class shrinks. The economic problems were then all blamed on Republicans, though they were a minority and actually held little to no power during most of this time. This lasted from 2009 through Obama's two terms.

See also Obamanomics.
My work hours got reduced and health insurance premiums went up thanks to Obamacare, so I have less money to spend on everything else. This is the Obama Economy.
by justagirrrl January 30, 2014

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