I think in large part, the problems he foresees are correct. But we can change that and avert those things. One thing he should mention is that the media at large should be doing a much better job at focusing on these issues and stop being so concerned with "access" to politicoes and business insiders. That is undermining the necessary pressure to get things fixed.
And I've said it before and I'll say it again, even Obama is guilty of trickle-down economic policies in the form of expecting the housing market to "take care of itself."