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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.

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Dick Morris says under Obama U.S. economy 'will become like Socialist France' originally appeared on BloggingStocks on Wed, 21 Jan 2009 16:40:00 EST. Please see our terms for use of feeds.

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