Obama has induced his Obamanomics into the American economy thus making it worse than it was under George W. Bush.
by Marquis Canaday November 02, 2009
The practice of throwing money at things, hoping problems will go away, by giving it to the people who already have piles of money instead of giving it to the people whose money it is in the first place, the taxpayers. This is also called "trickle down your pants" economics.
Give Wall Street, and automakers, billions of dollars to correct their poor decisions. Wall Street pays its bills, creates a couple mergers, small town banks still fail every day, and the wealthy get richer while the poor get poorer. That's Obamanomics in practice. How many jobs did it create for the poor? Probably lost jobs instead.
by Crazi 1 April 27, 2010
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
1. The science of turning a recession into a great depression through out-of-control deficit spending, printing money, borrowing money from our enemies, and confiscating money from the private sector in the form of massive tax increases to "add or save" government jobs at a cost of $563,872 per job (according to Obama's recovery.gov 05/05/2010) and an average salary of $42,000.
2. The art of establishing a new economy for America with a permanent 16% unemployment rate as a "new normal", declining living standards, punitive tax measures to prevent its citizens from moving up the economic ladder, and government ownership or control of all American industries.
2. The art of establishing a new economy for America with a permanent 16% unemployment rate as a "new normal", declining living standards, punitive tax measures to prevent its citizens from moving up the economic ladder, and government ownership or control of all American industries.
by Bad Llama May 05, 2010
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
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 09, 2010
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
Economic practices of President Barack Obama characterized by confusing stimulus funding that comes with a catch, record deficits that exceed previous 4 year record numbers in just six months and obvious socialism of private business.
Hey dude, the government couldn't sell whores and whiskey in Vegas when they took over the Mustang Ranch and it failed. How they gonna sell cars?
Shut your mouth bitch, thats obamanomics at work.
Shut your mouth bitch, thats obamanomics at work.
by mule52 July 20, 2009