Goosing asset prices which are only owned by the richest 55% of Americans, and almost entirely by the top 1%, in order to benefit the lower and middle classes is the same old trickle down economics which had led us to the massive wealth gap we have today.

The solution is to let asset bubbles deflate and do more targeted fiscal stimulus, less monetary stimulus, and use tax policy, not artificially low rate government borrowing, to pay for it. Our government is increasingly ineffective due to political divisions and ideological puritanism so I understand why the fed feels it needs to act but I feel like monetary policy is too broad of a brush that generally only benefits the moneyed elites.

It's an easy fix. The poor and the middle class need a bailout. They're too big to fail.

The problem for a lot of the poor and middle class is their elected officials will not talk to them since they don't donate to them. Take Texas for example it is rare for the Texas Senators to actually talk to normal people anymore.

It's a hard problem. Texas has 27 million residents. And 2 Senators. If they spent an hour a day talking to constituents and spent 15 minutes with each one, it would take 16,875 years to talk to each one, once.

The only people senators want to talk to is their donors. Money is speech.

There was even a SchoolHouse Rock episode about that - how lobbyists represent money, and money represents people, so it's all nice and democratic!

Even in their public forums they typically vet those allowed in. Donors don't have much of a problem talking to them.

They forget they represent everyone, not just those who fund them.

Also half of those people think that a bailout of the middle class would be communism

maybe but i doubt they'd turn it down. what people think isn't always what people think.

Oh, they wouldn't turn it down, but they would support whatever they could to prevent it from happening.

It's a weird form of irrational behavior that falls under economic animosity.