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→Key Components of Obamanomics: sustainable
==Key Components of Obamanomics==
==Key Components of Obamanomics==
[[File:GDP Q2 1983.JPG|175px|right|thumb|Reaganomics produced 3%+ sustained growth immediately, and more than 22 million new jobs were created over the next 28 years.]]
[[File:GDP Q2 1983.JPG|175px|right|thumb|Reaganomics produced 3%+ sustained growth immediately, and more than 22 million new jobs were created over the next 28 years.]]
Obamanomics is diametrically opposed to [[Reaganomics]], embraces higher taxes, more regulation, more spending, and loose money.<ref>[http://online.wsj.com/article/SB123431484726570949.html Wall Street Journal: Reaganomics v. Obamanomics]</ref> Whereas Reaganomics jump started recovery during the 1980s, Obamanomics is expected to impede recovery.
Obamanomics is diametrically opposed to [[Reaganomics]], embraces higher taxes, more regulation, more spending, and loose money.<ref>[http://online.wsj.com/article/SB123431484726570949.html Wall Street Journal: Reaganomics v. Obamanomics]</ref> Whereas Reaganomics jump started sustainable recovery during the 1980s, Obamanomics is expected to impede recovery.
By mid 2010 the [[U.S. Commerce Dept.]] reported [[Gross Domestic Product]] did not responded adequately to the [[economic stimulus]] passed in February 2009. More than 3 million jobs however were lost and more than a trillion dollars was added to the '''[[National debt]]'''.
By mid 2010 the [[U.S. Commerce Dept.]] reported [[Gross Domestic Product]] did not responded adequately to the [[economic stimulus]] passed in February 2009. More than 3 million jobs however were lost and more than a trillion dollars was added to the '''[[National debt]]'''.