The banks aren't lending this money anyway: they're borrowing it at low low rates and selling it back to the Government.
And BOOSTING STOCK PRICES is a RETARDED REASON. It DOESN'T INVIGORATE ANYTHING.
Didn't the government policies artificially boost housing prices a few years ago. That sure worked out great. If the market is saying that a stock is worth one price, what good can come from artificially boosting it higher? (Unless you want to say that the stock market is up since you assumed the presidency). These guys have cornered the market on smoke and mirrors.
I am not disputing what you say.
About 6-9 months ago I saw an interview with former Fed Charman Greenspan (aka ‘Easy Al’). He testified to Congress that the best thing for the economy was rising stock prices.
What was to propel stocks higher he did not say. But one would assume he meant that the thing to do was fix the real economy so that stocks would reflect an improving business and labor market, not QE 1,2,3...
On the other hand maybe I'm giving Greenspan too much of the benefit of the doubt.