"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.
Robertson said the economy, particularly the stock market, could start rebounding by the second quarter.
"Cast off the gloom and the doom because things are getting ready to turn around," he said. "I'm flying in the face of all of the experts or most of the experts who say, 'Oh, no, no, no, it's going to get worse,' but I don't think so."
Robertson's prophecies are an annual tradition at CBN and Regent University, where he unveils his predictions at a New Year's Day chapel service. Robertson is founder, president and chancellor of Regent.
The revelations are the product of his regular end-of-the-year prayer retreat.
"I say with humility, I hope I've heard the Lord. I spend time praying and asking him for wisdom and if there's a mistake, it's not his fault, it's mine," Robertson said.
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.
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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