Wesley Clark: America Needs Urgent Action

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Partner:: New America Foundation
Location:: New America Foundation
Washington, D.C.
Event Date:: 09.17.08
Speakers:: Wesley Clark,; Steven C. Clemons
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Summary: 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

Bio

Wesley Clark

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.

Steven C. Clemons

Steven Clemons directs the American Strategy Program at the New America Foundation, which aims to promote a new American internationalism that combines a tough-minded realism about America's interests in the world with a pragmatic idealism about the kind of world order best suited to America's democratic way of life. He is also a senior fellow at New America and previously served as executive vice president. Publisher of the popular political blog The Washington Note, Clemons is a long-term policy practitioner and entrepreneur in Washington, D.C. He has served as Executive Vice President of the Economic Strategy Institute and Senior Policy Advisor on Economic and International Affairs to Senator Jeff Bingaman (D-NM) and was the first executive director of the Nixon Center. Prior to moving to Washington, Clemons served for seven years as Executive Director of the Japan America Society of Southern California, and he co-founded with Chalmers Johnson the Japan Policy Research Institute, of which he is still Director. He is a member of the board of the Clarke Center at Dickinson College, a liberal arts college in Carlisle, Pa., as well as an advisory board member of the C.V. Starr Center for the Study of the American Experience at Washington College in Chestertown, Md. He is also a board member of the Global Policy Innovations Program at the Carnegie Council on Ethics and International Affairs and a member of the board of the Citizens for Global Solutions Education Fund. Clemons writes frequently on matters of foreign policy, defense, and international economic policy. His work has appeared in many of the major leading op-ed pages, journals, and magazines around the world.

Chapters

: Watch Full Program

01 hr 07 min 36 sec

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01.: Introduction

03 min 45 sec

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02.: Battering of America's World Influence

03 min 05 sec

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03.: How Low Loan Standards Led to Economic Woes

06 min 52 sec

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04.: Challenges in Iraq and Iran

01 min 30 sec

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05.: Fear in the Economy

07 min 34 sec

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06.: America Has Broadcast Limitations

02 min 24 sec

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07.: Other Countries Holding American Debt

02 min 44 sec

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08.: Glass-Steagall Act Repeal

04 min 14 sec

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09.: Vision of a New Policy

04 min 33 sec

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10.: Greed and Corruption of Wall Street

04 min 11 sec

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11.: Need for a Systematic Approach

02 min 12 sec

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12.: Ripple Effect of Crisis

02 min 56 sec

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13.: How to Set a Floor on the Problem

04 min 43 sec

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14.: Effects of War on Economy

05 min 05 sec

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15.: Afghanistan and Pakistan

03 min 27 sec

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16.: Nationalized Financial Industry

03 min 27 sec

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17.: Top Priorities for New Administration

04 min 46 sec

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: Watch Full Program

01 hr 07 min 36 sec

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Wesley Clark: Fixing Mortgages Will Heal American Economy

07 min 18 sec

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Wesley Clark Summarizes the Economic Crisis

06 min 07 sec

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General Wesley Clark Considers Iraq an 'Unnecessary War'

05 min 08 sec

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Watch Full Program

01 hr 07 min 36 sec

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