Fareed Zakaria's grim long-term vision of the US economy

Fareed Zakaria has this good short piece in the current Newsweek about the grim long-term outlook for the US economy, what he thinks we should do, and why we can't.  I agree with his view that it won't be enough just to get through this business cycle downturn.  We've been in a slowing trend for 35 years, and real median family incomes at the 2007 top of the last cycle were lower than they were at the 2000 top of the previous cycle.  Unless something changes, it looks like this is the decade in which American middle class progress reached its peak and started a long-term decline.  I don't endorse Zakaria's particular program, but his assessment of the politics that prevent useful action is depressingly accurate.