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From Obama + Economics. Simply defined, Obamanomics means Obama economics.
Obamanomics is a [critical economics theory]. It offers a critical look at existing capitalist economic models, theories, and practices, especially the obsolete trickle-down economics. [President Obama] is not necessarily interested in enunciating a [new] economic theory of production, distribution, and consumption of goods. His commitment to socioeconomic and ecological justice, green economy, general welfare, and peace leads him to suggest ways of improving life in our unequal world and increasingly warming planet. In agreement with climate science, he believes that poverty and climate change are anthropogenic phenomena over which humans have some control. He decries and rejects trickle-down economics, [individualism], greed, and out-of-control consumerism as big contributing factors to poverty and unspeakable inequalities. The American Recovery and Reinvestment Act of 2009 (ARRA) and The Patients' Protection and Affordable Care Act of 2010 are crucial components of Obamanomics. This definition is based on the international award-winning book, "Obamanomics and Francisconomics: A Call for Poverty Alleviation, Fairness, and Welfare” by Dr. Zekeh S. Gbotokuma, Europe Books, 2022).
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