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3.
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
by XG9 April 08, 2010
421 131
 
1.
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.
by dibrep June 06, 2011
424 17
 
2.
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.
by FORTHEPEOPLEMAN March 16, 2013
334 38
 
4.
"Trickle up poverty". Refers to the economic policies promoted by United States President Barack Obama during his first four months of real experience in US Government. The four pillars of Obama's economic policy are:

1) Increase the growth of government spending,
2) decrease income by increasing tax rates,
3) increase government regulation of the people and economy,
4) increase control of the money supply to increase inflation.
I just lost my job, no thanks to Obamanomics.
by Mike in Centennial July 21, 2009
362 120
 
5.
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.
by Botulism Made Me Crap My Pants February 05, 2009
440 204
 
6.
Penalizing producers and borrowing money to pay back money you already owe.
In a classic example of obamanomics, Michelle obtained new credit cards to help pay on her maxed out older ones.
by godawggo July 12, 2009
368 134
 
7.
The "soon to become popular" term that will come to represent President Elect, Barak Obama's failed, socialist-influenced economic plan.
"let me get this straight. The more financially successful I become, the more money the government will take from me? And, MY money will be used to fund idealistic, social welfare programs, which have already been proven miserable failures in every country in which they've been implemented? Welcome to the wonderful world of Obamanomics!"
by doctorpinkfreud November 12, 2008
378 150