Should The U.S. Auto Industry Be Rescued?
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? Experts debated whether Washington should save GM.
Read an archive of the debate and leave your thoughts in the comments section below.
Debaters:
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.
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.