What is Obamanomics?
Obamanomics refers to the economic policies of former United States President Barack Obama.
How Does Obamanomics Work?
In general terms, the primary focus of Obamanomics was economic stimulation in the wake of recession. Central components of this have included increases in government spending, reduced energy use, a series of $250 tax cuts for certain taxpayers and tax increases for other taxpayers, programs intended to provide foreclosure relief for certain homeowners, health care reform, and expansions in unemployment benefits.
Why Does Obamanomics Matter?
Because the components of the Obama Administration's economic plans have met with varying degrees of success, the term Obamanomics can have a negative or positive connotation, depending on the user's politics.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.