[Obama] also proposed allowing people to withdraw up to $10,000 from their retirement accounts without any penalty for the remainder of the year and 2009.
Can I just tell you what a craptastic idea that is? Do I need to explain all the reasons that it's a terrible, horrible, no-good, VERY BAD idea? The vast majority of Americans have nowhere near what they need in their retirement accounts to begin with. So let's make it easier to withdraw that money? Also, yeah, let's LOCK IN OUR LOSSES what with the market tanking. Yay! And then, let's get a big tax bill on that money, putting us right back in the problem of needing more than we have. And then, when we want to retire in 20 or 30 years, and there's not enough money, well, let's just make that someone else's problem.
Dude, I sympathize with having no money. A lot. We are still shouldering more debt than I ever thought I would have in my life. It sucks. But we still sock money into the retirement account and DON'T TOUCH IT.
It's not that I'm all busy with doodling "WG HEARTS MCCAIN" or anything, but this is exactly the kind of thing someone with NO REAL EXPERIENCE suggests.