"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.
by Mike in Centennial July 21, 2009
Get the Obamanomics mug.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 November 22, 2011
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Obamanos • Obamanomics • Obamanism • Obamanista • Obamanon • obamans • Obamanese • Obamanesia • Obamanisha • obamanist
by Zooticus Maximus February 27, 2008
Get the Obamanominator mug.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 8, 2010
Get the obamanomics mug.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
Get the obamanomics mug.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
Get the obamanomics mug.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 5, 2009
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