Easy, look at the bigggest one, the federal reserve. Who do you think benefits from artificially low interest rates?
I know I did when I bought my house and purchased my cars. Yes, the fed rate affects the cost of lending across the board. Since the general consensus is that consumption is good, in economic terms, its a good move.
Hard to say.
Middle class with 401k's?
Sure, not if your portfolio is tied up with bonds. But that's why most 401k's are administered by professional account managers that would know better than to make that your only investment vehicle.
See my first point. The fed rate affects the cost of all lending. Ergo, small businesses benefit from lower borrowing costs. Not rocket science.
But lets not stop there, who do you think benefits from the fed dumping 85 billion dollars into the stock market each month?
Certainly my 457(b) and 403(b) plans have benefited by their bond-buying efforts, and pretty much anything else tied to markets, government finance, etc. have benefited from this. The government's debt rating, your tax rates, our troops' who still get paid, can thank the fed for keeping that program going. If the fed was not keeping up bond demand, yields would have to go up to attract enough purchasers to fund operations, putting city, county, state, and the federal governments on the hook for higher future spending on long-term interest obligations.
Think this through a little bit. The dollar is a tool for trade, its value determined by the state of the economy and certainly fed manipulation for the purposes of supporting economic activity. You want a store for wealth? Buy something tangible with it. The idea that the Fed is some evil cabal intent on depleting the savings accounts of Americans is absurd.
So lets look at the finance reform from Bawney Fwanks and company (democrats)...
You're going to need a bit more than just a "smell test" to sell me on this theory.
Liz Warren (D) wants to re-instate Glass-Steagall, which IMHO, would be a huge step in the right direction.
And the biggest flaw with your points: what did any of this have to do with "Obama's policies?". Bernake is Fed chairman and is not accountable to Obama or his whims.