A side note from QE2 and oil prices.
How much of the oil price do you think is attributable to investments made on behalf of the general public.
In other otherwords is it somewhat of an hypocrasy for someone who lives off of funds that invest in oil to complain about high oil prices?
Bingo. And it's not just people who indirectly benefit from money given to them by others who have invested in oil, but these complainers are more than likely investors themselves. The vast majority of people have no f-ing clue what they're invested in. No joke. They don't even think of it as really their money.
If they did, you wouldn't have more than half the country bitching about profits...you know, since 52 percent of Exxon-Mobil's stock is owned by fund investors such as mutual and pension funds...much of which is the "working class" firefighters, teachers and other government employees that everyone seems to invoke when they want to seem philanthropic.
The whole thing is just one more example of utter ignorance. They don't even know what stock they own...I doubt we can expect them to understand basic economics.