Definitions by Mike in Centennial
Obamanomics
"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.
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.
Obamanomics by Mike in Centennial July 21, 2009