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Obamonarchy 

the misplaced mental ascension to unbridled monarch status within the framework of three equal branches of government; the delusion that being elected to the key leadership role in a Republic also confers the unilateral power often assumed by the dictator of a failing democracy
Obamonarchy - placing un-vetted 'Czars' (that are later dismissed for having questionable backgrounds or for making questionable decisions) into positions of regulating issues and circumstances that are not granted to them by any law or other precedent (like salaries of private company executives)
Obamonarchy by op_position February 5, 2010
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obamarchy 

When the president of a former democracy, starts to act more like a king, and just do whatever the fuck is on his communist agenda, by overriding the system of checks and balances on a consistent basis.
This country is quickly turning into an Obamarchy!
obamarchy by Bimma5325 February 22, 2015
Related Words

Obamagarchy 

the current state of political affairs in Washington DC, with power resting with a few Elite.
P.I. Staker "man, the Obamagarchy is in full effect"
Obamagarchy by City-zen May 11, 2010