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Definition of 'Obamanomics'

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Obamanomics is the economic policies of President Barack Obama. It is a mix of Keynesian economics and supply-side economics. Keynesian economics emphasizes government spending to stimulate the economy during a recession, while supply-side economics emphasizes tax cuts to encourage businesses to invest and create jobs.

Obamanomics has been criticized by some economists for being too focused on government spending and not doing enough to promote economic growth. However, it has also been praised for helping to pull the United States out of the Great Recession.

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Obamanomics has been a controversial topic since President Obama took office in 2009. Some economists believe that it has been a success, while others believe that it has failed.

One of the main criticisms of Obamanomics is that it has increased the national debt. However, supporters of Obamanomics argue that the debt is necessary to pay for the government spending that is needed to stimulate the economy.

Another criticism of Obamanomics is that it has not done enough to create jobs. However, supporters of Obamanomics argue that the economy is slowly recovering and that more jobs will be created in the future.

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Obamanomics is a complex economic policy that has had a mixed impact on the United States economy. It is too early to say definitively whether Obamanomics has been a success or a failure. However, it is clear that Obamanomics has been a major force in the US economy over the past few years.

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