what did QE2 do?

It didn't create jobs.

It didn't stop foreclosure.

It didn't increase house value.

It drove food/energy price higher so J6K have no money to spend.

What it does is making rich people richer, poor people poorer.

Why do we want QE3? just because your stock portfolio look a little better? But look at your portfolio in Swiss Franc, YEN, Aussi $, C$, Gold's term, it is descreasing value day by day.