Obama creating even more problems?

An interesting post on the Column, USA Todays opinionated column, points out how Obama's new economic initiative may not be exactly a great decision. Peter Schwiezer writes how Obama wants to create "Tier 1 financial holding companies" which is in essence creating financial firms that tax payers will make sure never fail. I really don't want to point out the obvious, but is that not how we kinda ended up where we are in the first place, bailing out big financial firms. Schwiezer points out that for past 20 years we have been continuously bailing these large financial firms out and look where it has gotten us. He also states how "The Obama administration is being pro-business because it is proposing to prop up individual firms at taxpayer expense. What it should be doing is being pro-free market, which means encouraging greater competition and letting fools fail." I really just view what president Obama is about to do as a big error, but maybe he has a plan or at least some kind of regulations to prevent this continuous cycle of bailouts.