Obamanomics
This is an old revision of this page, as edited by JLauttamus (talk | contribs) at 23:22, November 6, 2009. It may differ significantly from current revision.
Obamanomics is a school of economic thought and policy being pushed by the Obama Administration. Its main doctrine is massive government spending (as evidenced by the American Recovery and Reinvestment Act of 2009) in excess of $1 trillion, which is funded by massive borrowing through U.S. Treasury bonds[1]. With unemployment at 10.2% as of October 2009[2] and inflation also rising since the beginning of Obama's term, it is proving to be a failed system.