This isn't partisan. This concerns everyone and not just in the US but, well, everywhere since the US controls the world's reserve currency (the US dollar). Because the implications span the globe we're seeing many foreign nations decrying what Bernake and the fed are doing here. They see currency crisis brewing.
QE1 and QE2 are hidden taxes. Congress is not involved. There's no vote. Bernake and the fed just does it. Worse, the increased inflation impacts all the money we've already earned and saved (whereas voted tax increases only hit us on future earnings).
What they're doing in effect is expanding the money supply (in relation to goods/services) and that's inflation. As a result prices will rise even further. The way government reports CPI to measure inflation is very misleading but that's another thread. Point is, it's much worse than we're lead to believe.
It's a critical time. The fate of the country really is in the hands of one guy and his control of the fed and nobody really has any idea what the fed's books look like.
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