Free kibbles

Cato blasts Geithner's call for higher capitalization and further regulating risk of financial institutions and also shows that the too big to fail mantra is baloney - that's nothing but an excuse used by central planners to grab power. Cato says Geithner's power grab is intended to distract the people from the failures of government regulation. I think it's just the opportunism of a Marxist.

Cato breaks down the policies that turned a recession into the Great Depression and concludes that Obama is repeating many of the same mistakes. But Obama consider them mistakes. He's trying to put the country in a depression because of some misguided sense of social justice that makes him think hurting Americans will right perceived wrongs of the past.

Cato calls the economic basis for Obama's spending plans nonsense. It's good to see Cato starting to step up the rhetoric.