Obamanomics

Like Reaganomics for Reagan, Obamanomics is the term for United States Prez Barack Obama’s economic policies.

While Obamanomics encompasses a lot of things (good and bad) that the Obama Admin did—reducing the federal budget, increasing energy efficiency, and enacting healthcare reform, a.k.a. Obamacare—arguably the biggest thing Obamonics is known for is its response to the 2008 Great Recession.

To deal with the effects, Obama provided relief for the foreclosing housing market. To try to put the economy back on the tracks, the Obama Administration enacted stimulus measures. And, to try to prevent it from happening again, new banking regulations were introduced. Interest rates were dropped to almost zero (it still wasn't really enough; time bailed most people out, though).

Corporate profits and the stock market each had their moments, reaching record level lows during Obamanomics, alongside low inflation and interest rates, as the economy continued to recover from the 2008 Financial Crisis. It takes decades to assess the efficacy of a given presidential reign; the jury's still out on this one.