CHICAGO (MarketWatch) -- All the actions the Federal Reserve has taken in recent months to fuel the economy with cash and credit haven't impressed many MarketWatch readers, who instead lament the fall of interest rates and the value of the dollar at a time when everyday household expenses are on a steady rise.

In response to our request for readers to tell the Federal Reserve what their worries were, there was a bevy of stories about how families were dipping into savings to pay bills or finding themselves with little money left for food and clothing.

"Worried about rising health insurance, higher local taxes, higher transportation costs, higher food, tuition, energy costs," BobP863 wrote. "I'm worried that everything I need is going up. Meanwhile, my savings will be going down."

Querin was more succinct: "I am worried about three things: Inflation, inflation and inflation."

Indeed, a common thread throughout most of the nearly 200 postings was that the Federal Reserve screwed up by again lowering interest rates, which devalues the dollar and hits Americans living on interest payments particularly hard. See the original story with comments.

"What's the Master Plan to prop up the economy once the interest rates are at ZERO?? Huh," asked NDL. "And how are we attempting to stem the destruction of the value of the dollar??? Huh? This Fed really worries me!"

Many readers were incensed by the series of aggressive steps the Fed has taken, ranging from extending credit through the so-called discount window to commercial and investment banks to lowering short-term interest rates to 2.25%. They also took issue with the Fed's bailout of Bear Stearns.

"What really worries me is that our entire economy is being held together with smoke and mirrors," Tburcher wrote. "Congress spends money like drunker sailors (my apologies to any sailors) and now they're talking about raising more taxes so they can make us pay for their excesses."

"The Fed uses back-door methods to bail out their rich friends through the auspices of low-interest loans and subsidized purchase, all the while using those loans to buy assets up for pennies on the dollar and then uses our money to finance the entire thing," Tburcher added.

Discount window for you and me

Some believe that the Fed, which has the ability to print money when more is needed, should open its main lending facility, the discount window, to regular folks, too, not just to investment banks.

Rsmith1, for example, vowed to improve the housing crisis if the Fed opened the discount window to him. "I promise to buy up homes and help drive prices back up."

Others offered examples of their beliefs that the Fed's aid is helping the greedy stay, well, greedy. "I have a friend who works in a private-equity firm on Wall Street," Livebeneathyourmeans wrote. "She said to me yesterday, 'No matter what happens, we won't lose.' It's about time we take a good look at the robber barons on Wall Street and their shadow banking system that only makes the rich richer. Greed is what has essentially caused all of this mess."

There were supporters who believed that the Fed and the government can get all of America out of this self-created mess. "I think that to a degree, they can help," HBBInvestmentFund said. "They cannot, as some suggest, bail out our economy. But, they can take steps (like providing funds directly to investment banks...and lowering interest rates on overnight loans) to help banks work more efficiently."

"The saying goes, 'banks drag the economy into recession, and banks pull the economy back up out of recession,'" HBBInvestmentFund added. "The more liquidity our banks have, the better they will be able to capitalize worldwide, and the stronger upper-hand they will have worldwide."

Saving for nothing

Other readers were quick to point to what they believed was the dichotomy between the Fed's actions and the government's calls -- not to mention that of most financial advisors -- to put aside money at a time when the savings rates in the U.S. have dipped into negative territory.

"Your actions only hurt the hard-working savers and help the leeches in banking," Limerock wrote. "The bankers get lower rates to pass out toxic paper, while the savers are rewarded with lower interest."

"This sends a clear message to the savers -- don't," Limerock added. "Will there be enough newly printed debt to bail us regular folk out too?"

And here's what Bobcc had to say:

"Talking about a double standard, the Feds are playing a dangerous game with our money by cutting the interest rates to a level useless to all savers. When you pay the taxes and subtract the inflation we are losing at least 4% on our saved money as of now."

"What good is the $600 stimulus check that I will receive, when I already lost at least $6,000 in interest from savings accounts."

What about credit-card rates?

Teyha1961 questioned whether the Fed "ever fixed anything" and offered up at least one suggestion to mend the credit-card mess. "How about we pass a law stating that credit-card interest rates cap at 10%? By jove, what a novel idea!! That alone would get us out of a recession. Does anyone realize that all this interest is going to banks, who interest-rate us to death and then scream, "Bailout!!!"

Teyha1961 added that the family's personal financial status is OK, "as long as nobody gets sick, nobody breaks a leg, nobody loses a job, and we eat at home and don't drive our cars anywhere."

Some readers took the opportunity to pat themselves on the back for their prescience. Goldstandard is in a jovial mood despite all this dreariness and not worried one bit. "Saw the handwriting on the wall five years ago and loaded up on physical gold and silver. As the dollar continues to plunge and more worthless dollars are produced, I'm laughing all the way to the bank."

"Too bad all the great talking financial heads never got around to telling the investing public where they should have been investing five years ago," Goldstandard added. "But not to worry, the generational bull market in all commodities has many years left to make its mark as well as millionaires. Jim Rogers was right! The Federal Reserve should be abolished."