Obama Economy

A near static state in the economy, where a so-called "recovery" consists of increasing numbers of people on food stamps, continued high unemployment, more poverty families, jobless millennials, and increasing of all welfare benefits. The very rich grow richer (especially if they are liberal bureaucrats, Wall Street, heads of solar companies, or Hollywood), the poor grow poorer, and the middle class shrinks. The economic problems were then all blamed on Republicans, though they were a minority and actually held little to no power during most of this time. This lasted from 2009 through Obama's two terms.

See also Obamanomics.

My work hours got reduced and health insurance premiums went up thanks to Obamacare, so I have less money to spend on everything else. This is the Obama Economy.

by justagirrrl February 2, 2014

obamaconomy

The state of the economy under the presidency of Obama.

That man found his job due to an Obamaconomy.

by AnTi_mTtr May 1, 2009

Obamaconomy

Obamaconomy (n.) 1. the structure or conditions of economic life in the U.S., as managed under President Barack Obama; 2. The economic plan and policies of the Obama Administration; also : a recessionary economic system inherited from Former President George Bush, as characterized by a large government deficit and job losses.

The Obamaconomy is based on strategic investment by government in jobs and the middle class.

by Foundthecheese November 28, 2012