(en.ruh.NOM.iks)
n.
A fiscal policy or business strategy that relies on dubious accounting practices, overly-optimistic economic forecasts, and unsustainably high levels of spending.
Example Citation:
Democratic National Committee staffers urge candidates to run against "Enronomics," an albatross even worse than recession that they hope to hang around Republican necks.
Martin Kaplan, "How Enron stole center stage," USA Today, January 23, 2002
Martin Kaplan, "How Enron stole center stage," USA Today, January 23, 2002
Earliest Citation:
Hasta linguini to the Enron scandal; in normal times, this saga of scamming, looting, and finally meltdown might play like Whitewater and the savings and loan collapse rolled into one. From 1993 to 2000, the company and its employees gave George W. $2 millioncoconuts next to Whitewater's peanuts. Its chief, Kenneth Lay, huddled with Vice President Cheney to draft a national energy policy based on the same Enronomics as its own disastrous business strategy.
Eric Scigliano, "Time after time," Seattle Weekly, January 3, 2002
Eric Scigliano, "Time after time," Seattle Weekly, January 3, 2002
Enron-related coinages (a.k.a. enronyms) are popping up all over the place:
Enronitis:
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Enronic:
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Enronish:
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Enronian:
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Enronista:
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Enronism:
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Enron as a verb:
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Enronize:
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End-ron (a play on end-run):
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Enron-around (a play on runaround):
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Notes:
This term began life in the rough-and-tumble world of partisan U.S. politics, where it was used by Democrats as an insulting reference to Republican economic policies:
Nothing very subtle about that! This term will only last if it gets picked up and used in non-partisan contexts.
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Related Words:
attention economics
bionomics
caponomics
crapshoot economics
dark swap
ethics deficit
freeconomics
headline risk
plutonomy
stock lock
womenomics
bionomics
caponomics
crapshoot economics
dark swap
ethics deficit
freeconomics
headline risk
plutonomy
stock lock
womenomics
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