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Citing information he says is from God, Christian broadcaster Pat Robertson said Friday that America is headed for veritable socialism as well as an economic rebound under President-elect Barack Obama in 2009. "What the Lord was saying, the people are willing to accept socialism to alleviate their pain," Robertson said on a broadcast of "The 700 Club." He hosts the program, which is aired from the Christian Broadcasting Network studios in Virginia Beach.
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Robertson said the economy, particularly the stock market, could start rebounding by the second quarter. . . . Robertson said on New Year's Day that "nothing will stand in the way of a plan by Obama to restructure the economy in the same fashion as the New Deal in the '30s," according to videotaped comments aired on Friday's show.
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The New Deal consisted of economic initiatives, such as publicly funded job programs, that Democratic President Franklin D. Roosevelt promoted during the Great Depression. Robertson said Friday that with a New Deal-style initiative, "you're federalizing many of the things you're doing. And it'll be the largest transfer of power to Washington since the '30s, but people are just willing to accept it because the pain has been so bad."
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