The economic practice of spending US taxpayer money to nationalize private business with intentions of creating a socialist society. This is the polar opposite of Bushinomics (Capitalism run awry).
Obamanomics has been used in The United Socialist States of America to create wonderful programs like socialized health care. The government did such a wonderful job with Social Security, why not hand over medical care, retirement, and enjoy the bread lines created for the well being of American citizens.
an unoffical term, used to describe the economic policy of President Barack Obama.
Obama, being a Democrat, thinks that economic policy should NOT make the rich richer while making the poor poorer. He is smart enough to realize trickle-down economics
is absurd. If you strengthen the working class, then all people will benefit. Obama thinks the 90% of the population that is not rich is more important than the 10% who are rich.
Obama-nomics is the fundamental opposite of Reaganomics
Economic policy of president elect Barak Obama
Obamanomics will be the opposite of Reganomics
A static economic state in the U.S., where unemployment remains high, gross domestic product remains below a normal median curve, the treasury continues to deflate the dollar by printing more money and President Obama continues to be an anti capitalist in his economic approach.
Obamanomics - During the Obama administration, major manufacturing corporations were taken over by the federal government, banks and large investment firms were given billions of taxpayer dollars and jobs were lost, causing increased unemployment benefits claims. President Obama's approach to cure the situation was to increase spending, borrow more money via treasury bonds, printing more money, reducing the value of the dollar and continue to blame President George W. Bush for the economic downturn.
When a individual says one thing and does another. Making Americans Jobless. Taking away freedom. Trying to change the Constitution. Leaves Office worse than when he took office. A socialist in demacratic clothing. a unemployment rate in the Multi Millions.
Obama is the perfect example. Also see Bill Clinton and Jimmy Carter. Obamanomics the use of lies for future losses.
A political policy of financially fist-raping anyone with a work ethic in order to fund the reproduction and welfare checks of the "white trash" and " lazy nigga" subset of the US population.
The basic premises are these:
1) The harder you work, the harder you will be taxed.
2) The lazier you are, the more you will be rewarded.
3) The lower the potential gain, the greater the amount of tax dollars should be spent on it.
4) Strip every entrepreneur of every dollar of capital he has spent his life's work earning in order to fund every welfare "momma" getting a Cadillac Escalade paid for with tax dollars.
5) Have absolutely no accountability for those claiming disability, welfare, unemployment, under-age social security, etc.
Want ads... bullshit, why would I get my ass up and look for a job when I can make more money sittin here watching Springer. Hell, if I need more money, I'll just get pregnant again. Obamanomics is gettin my ass paid!!!
penalize success; reward failure.
Hey bob i heard you were expanding your business, hows it goin?
Not good Justin, under obama's tax code i couldn't survive the first 3 months after i expanded. is that an escalade? how much did those spinners cost?
sure is, totally cost me 55000. i lost my job, got some obama money and was able to afford it.
obamanomics in full play