I moved my 401k out of stocks and into a money market fund on Monday. There is way too much bad news going into the summer slump to be foolish and stay in stocks. I was getting real nervous before the big fall when others were moving out and paid for it with a 40% loss which pretty much forced me to stay in to hopefully ride it back up. I did regain most of my losses but am not going to play the sucker again. I'm out till the Dems are out, this administration scares the crap out of me.
As for FDR, I hope bfWldcat's comment was tongue-in-cheek otherwise some study is in order. I recommend at least reading "The Forgotten Man" for a good picture of what really happened in the depression rather than relying on the idol worship of FDR that passes for history in our public school system and the press. He and Keynes are the reason the depression lasted as long as it did and Obama is following the exact same theories. Raise taxes and increase government spending...absolutely idiotic. Keynsian economics have never, ever, worked. Both JFK and Reagan understood this and, to a degree, so did Clinton. FDR's famous quote should have been "We have nothing to fear....but ME!"
