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
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 25, 2023