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 5, 2010
Get the Obamanomics mug.IT LOOKS LIKE OBAMANOMICS AT WORK AGAIN.........MY $20.00 LOTTERY INVESTMENT ONLY NETTED A $2.00 RETURN.
by NLSIMS March 4, 2009
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From Obama + Economics. Simply defined, Obamanomics means Obama economics.
Obamanomics is a critical economics theory. It offers a critical look at existing capitalist economic models, theories, and practices, especially the obsolete trickle-down economics. President Obama is not necessarily interested in enunciating a new economic theory of production, distribution, and consumption of goods. His commitment to socioeconomic and ecological justice, green economy, general welfare, and peace leads him to suggest ways of improving life in our unequal world and increasingly warming planet. In agreement with climate science, he believes that poverty and climate change are anthropogenic phenomena over which humans have some control. He decries and rejects trickle-down economics, individualism, greed, and out-of-control consumerism as big contributing factors to poverty and unspeakable inequalities. The American Recovery and Reinvestment Act of 2009 (ARRA) and The Patients' Protection and Affordable Care Act of 2010 are crucial components of Obamanomics. This definition is based on the international award-winning book, "Obamanomics and Francisconomics: A Call for Poverty Alleviation, Fairness, and Welfare” by Dr. Zekeh S. Gbotokuma, Europe Books, 2022).
By Cosmocitizen
Obamanomics is a critical economics theory. It offers a critical look at existing capitalist economic models, theories, and practices, especially the obsolete trickle-down economics. President Obama is not necessarily interested in enunciating a new economic theory of production, distribution, and consumption of goods. His commitment to socioeconomic and ecological justice, green economy, general welfare, and peace leads him to suggest ways of improving life in our unequal world and increasingly warming planet. In agreement with climate science, he believes that poverty and climate change are anthropogenic phenomena over which humans have some control. He decries and rejects trickle-down economics, individualism, greed, and out-of-control consumerism as big contributing factors to poverty and unspeakable inequalities. The American Recovery and Reinvestment Act of 2009 (ARRA) and The Patients' Protection and Affordable Care Act of 2010 are crucial components of Obamanomics. This definition is based on the international award-winning book, "Obamanomics and Francisconomics: A Call for Poverty Alleviation, Fairness, and Welfare” by Dr. Zekeh S. Gbotokuma, Europe Books, 2022).
By Cosmocitizen
The book, "Obamanomics and Francisconomics offers a critical look at, reexamines, and questions existing capitalist economic models, theories, and practices, especially trickle-down economics. .... They (President Obama and Pope Francis) believe that poverty and climate change are anthropogenic phenomena over which humans have some control."
by Cosmocitizen July 24, 2023
Get the Obamanomics mug.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, 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.
by Charles_U_Farley November 22, 2010
Get the Obama-nomics mug.Guy 1:
"Didja ya hear about Obama's new policy, man, he's gonna change the world!"
Guy 2:
"Naw, it's just a bunch of hippie, treehugging Obama-nomics bullcrap."
"Didja ya hear about Obama's new policy, man, he's gonna change the world!"
Guy 2:
"Naw, it's just a bunch of hippie, treehugging Obama-nomics bullcrap."
by bobr February 3, 2009
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