Addressing deep-rooted challenges caused by economic recession through progressive taxations, among other fiscal measures, would be a top priority of the new Obama regime, said David Gainer, Public Affairs Officer, the US Consulate General, Chennai.
Speaking to ‘Express’ the senior US official pointed out that the US government will withstand the conservative mobilisation against progressive taxation.
“We have a mature democracy and give space to different voices and differences are sorted out non-violently,” he noted.
The civil rights movement and related movements, including that of women and students, have resulted in the enactment of many forward-looking legislation that democratised race relations.
Gainer opined that the US system is seasoned and sophisticated enough to learn even from the ‘Wall Street’ protests.
However, economic experts suggest that a transfer from neo-liberalism to even mild versions of Keynesianism will be met with strong resistance.
“The Americans are preparing for the official swearing in ceremony of the new president, to be held on January 21. We are hoping for a new dawn that will minimise the present troubles created by the crisis”.