On Wednesday, September 17 retired four-star General and former NATO Supreme Allied Commander, Wesley Clark discussed the serious economic and political challenges that the United States is facing today.
Clark began his remarks with a discussion of the United States' current economic malaise. He noted that the world depends on the United States as the engine of global growth, given that the United States economy represents nearly one quarter of the world's GDP and that 70% of that consists of consumption.
He emphasized that a solution to the current financial crisis would not be possible until policymakers addressed its root causes -- the asset bubbles in the housing and financial sectors- New America Foundation
Wesley Clark is a retired four-star general of the United States Army.
Clark was valedictorian of his class at West Point, was awarded a Rhodes Scholarship to the University of Oxford where he earned a master's degree in economics, and later graduated from the Command and General Staff College with a master's degree in military science.
He spent 34 years in the Army and the Department of Defense, receiving many military decorations, several honorary knighthoods, and a Presidential Medal of Freedom.
Steve Clemons is Washington editor at large for The Atlantic and editor of Atlantic Live. He writes frequently about politics and foreign affairs.
Clemons is a senior fellow and the founder of the American Strategy Program at the New America Foundation, a centrist think tank in Washington, D.C., where he previously served as executive vice president. He writes and speaks frequently about the D.C. political scene, foreign policy, and national security issues, as well as domestic and global economic-policy challenges.