what is obamanomics
Definition of Obamanomics. Obamanomics is a neologism which seeks to define the economic philosophy of the Obama administration. The portmanteau has obvious historical references to Reaganomics, which is commonly used to define the policies of President Reagan in the 1980s. Less obvious, however, is agreement on what Obamanomics actually means. To conservatives, the term is used negatively to describe an increasing role for the state. Democrats, meanwhile, cite health care reform and cap-and-trade as positive examples of Obamanomics.