Obamanomics
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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 the value of the U.S. dollar plummeting[3], it has proven to be a failed system.
