Posted at 1:49 PM on October 29, 2008
by Julia Schrenkler
hosts hosted a live online debate. From their debate description:
The Detroit auto industry is in deep trouble. Sales are plummeting and General Motors is looking for taxpayer money to finance a merger with Chrysler. But should the government help a declining industry that has created some of its own problems?
You can watch the archived debate here:
The debate panel included:
Dan Mitchell, senior fellow at the Cato Institute and a free-market economist who argues that economic forces not special interest deal-making (subsidies and handouts) should determine whether industries succeed or fail.
David Cole, chairman of the Center for Automotive Research in Ann Arbor, Mich., who is in favor of government intervention.
Maryann Keller, independent consultant and author of Rude Awakening: The Rise, Fall and Struggle for Recovery at General Motors.