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Dick Morris says under Obama U.S. economy 'will become like Socialist France'

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Prior to President Obama's inauguration, political strategist Dick Morris appeared on conservative commentator Sean Hannity's new show on FoxNews and said the Obama administration will implement policies such that the U.S. economy "will become like Socialist France."

(Note: Full and fair disclosure - Before offering his policy forecasts for the Obama administration, Morris recognized and applauded the history-making event of the United States inaugurating its first African-American president approximately 150 years after President Lincoln's Emancipation Proclamation.)

Morris also sees U.S. national health care

Morris also said he expects President Obama to implement a national, universal health care system, although Morris did specify how much he thought the program would cost, or how it would be funded.

In 2007, French government spending accounting for about 50%, $1.29 trillion of France's $2.56 trillion economy, according to research compiled by the U.S. Central Intelligence Agency. According to the CIA, France's elected officials remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. In 2007, total government spending in the U.S. accounted for about 35-40% of U.S. GDP, depending on the methodology used.


Morris rose to prominence in the mid-1990s after he ingeniously developed the political tactic of 'triangulation' - - taking an issue that historically favored a political opponent and deploying a modified, bipartisan approach to solve it, which, in fact, favors the triangulator. President Bill Clinton successfully used Morris' triangulation strategy during his two terms.

Fiscal Policy/Economic Analysis: Either Morris is using a different definition of socialism or he sees inconceivable changes up ahead in the U.S.

The view from here argues it's the former: outside of banking, the likelihood of permanent national ownership of a key industry is almost nil in the United States. Further, there's little chance that the U.S. Congress will approve a free college education for every student, or a national law guaranteeing five weeks paid vacation per citizen per year, etc. Some U.S. health care insurance reform is likely, but universal coverage, at best, will be phased in over a 5-year period, perhaps beginning in 2010.

Hence, and just in case yours truly's relatives / friends in France are reading this article, Morris' projections are off the mark: they need not fear a serious competitor to the life of France anytime soon.

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Last updated: November 25, 2009: 12:41 PM

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