We consider extensions of first order logic (FO) and fixed point logic (FP) by means of generalized quantifiers in the sense of Lindström. We show that adding a finite set of such quantifiers to FP fails to capture PTIME, even over a fixed signature, strengthening earlier results. We also prove a stronger version of this result for PSPACE, which enables us to establish that PSPACE ≠ FO on any infinite class of ordered structures, a weak version of the ordered conjecture formulated by Ph. G. Kolaitis and M. Y. Vardi (Fixpoint logic vs. infinitary logic in finite-model theory, in "Proceedings, 7th IEEE Symposium on Logic in Computer Science, 1992," pp. 46-57). These results are obtained by defining a notion of element type for bounded variable logics with finitely many generalized quantifiers. Using these, we characterize the classes of finite structures over which the infinitary logic Lω∞ω extended by a finite aw set of generalized quantifiers Q is no more expressive than first order logic extended by the quantifiers in Q.