Monday, September 21, 2009
Any project funded by February’s $789 billion stimulus package is meant to use only US made steel and manufactured goods. Any financial institution receiving bail out funds must give preference to citizens. Will these policies backfire? Opponents say these policies will have little direct impact on job creation, and could have very harmful repercussions by triggering a global trade war in which each country seeks to “beggar its neighbor” in a vicious cycle of economic decline. Proponents argue that these policies focus taxpayer money to yield the biggest benefit for American families, they help American business to compete with cheap foreign labor, and that governments the world over already favor their domestic industries. Are we subsidizing the inefficient, or sparking a much needed boost to the economy?
For
Jagdish Bhagwati
Professor, Economics and Law
For
Douglas Irwin
Robert E. Maxwell Professor at Dartmouth College
For
Susan Schwab
Former United States Trade Representative
Against
Jeff Madrick
Former Economics Columnist for the New York Times
Against
John R. MacArthur
President of Harper's Magazine
Against
Leo Gerard
International President of the United Steelworkers
Moderator
John Donvan
Author and correspondent for ABC News.
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Subscribe to the PodcastFor The Motion
Jagdish Bhagwati
Professor, Economics and Law
is University Professor, Economics and Law, at Columbia University and senior fellow in International Economics at the Council on Foreign Relations.
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Douglas Irwin
Robert E. Maxwell Professor at Dartmouth College
is the Robert E. Maxwell Professor of Arts and Sciences in the Department of Economics at Dartmouth College.
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Susan Schwab
Former United States Trade Representative
served as United States Trade Representative (USTR) from 2006-2009. As USTR, Ambassador Schwab was a member of President George W. Bush's cabinet and served as his principal advisor, negotiator and spokesperson on international trade and related issues.
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Jeff Madrick
Former Economics Columnist for the New York Times
is a regular contributor to the New York Review of Books, and a former economics columnist for the New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, and senior fellow at the Schwartz Center for Economic Policy Analysis.
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John R. MacArthur
President of Harper's Magazine
is president and publisher of Harper's Magazine, the oldest continuously published monthly magazine in America. He has served in this role since 1983.
Learn moreAgainst The Motion
Leo Gerard
International President of the United Steelworkers
is International President of the United Steelworkers, the dominant union in paper, forestry products, steel, aluminum, tire and rubber, glass, chemicals and petroleum.
Learn moreDeclared Winner: For The Motion
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