an unoffical term, used to describe the economic policy of President Barack Obama.
Obama, being a Democrat, thinks that economic policy should NOT make the rich richer while making the poor poorer. He is smart enough to realize trickle-down economics is absurd. If you strengthen the working class, then all people will benefit. Obama thinks the 90% of the population that is not rich is more important than the 10% who are rich.
Obama-nomics is the fundamental opposite of Reaganomics.
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The economic policies of Barack Obama, the fundamental opposite of Reaganomics.
Guy 1:
"Didja ya hear about Obama's new policy, man, he's gonna change the world!"
Guy 2:
"Naw, it's just a bunch of hippie, treehugging Obama-nomics bullcrap."
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