How involved is God?

[Dante]

There are two views that are prominent among people regarding God's involvement in humanity as a whole. If there are more than these two then I beg of you to post them, but essentially the ones I want to bring to your attention are:

1. God is actively involved in every aspect of His creation - He built it and is in control of moving all the mechanics of it to make sure it moves smoothly. Also, He is personally involved in every single person's life who is alive today.

2. God created the universe but has taken a "hands off" approach to it. In other words, He set it up so that it runs on its own, and has now stepped back away from it for things to operate how ever things turn out. He has tuned the universe to operate according to certain laws so that certain actions trigger a reaction, and He has no need to be personally involved in people's lives because He has set up the rules of the universe to take care of themselves.

Which view do you take, and why?