Oweblamo is a popular nickname for Obama, who is arguably the worst president in the history of this country. The Owe comes from consistently needing to borrow from China and from our future so he can spend money we don't have to further his socialist agenda, and to buy votes from campaign contributors. The Blamo refers to how he consistently blames everyone else for his failures, and never admitting that he doesn't have a clue how to lead as a president.
Oweblamo is such a lousy president, he makes Jimmy Carter look good.
by Low Class Loser December 12, 2011