The elite intelligentsia and the media have nearly convinced us we don’t know anything, but I still wonder. It seems to me, as someone who is in the trenches everyday with the common man, as we are known, that perhaps they could learn a thing or two if they would give us some respect for what we know.

Like how about the banks accepting partial payments on the mortgages for a while, and letting what’s left be tacked on to the end and dealt with later. If a person has $800 of their $1000 mortgage, they shouldn’t be told, “sorry, we don’t accept partial payments”. They are exhibiting a good faith effort to do the right thing, but they are forced into foreclosure over a few hundred bucks. Then the banks and now the government will lose thousands on that same loan as they take it thru the process to sell it at a loss, and the people are forced out on the street with rotten credit to find a temporary shelter, giving up most of their belongings in the process.

If the government wanted they could suspend mortgage insurance, and cover that themselves, thereby taking $50 to $150 off the average monthly payment. They are insuring the loans anyway, why not make the monthly payment easier without rewriting the entire loan? Seems like a no brainer from where I sit. But I do not have a degree in economics, so I really couldn’t know what I am talking about.

Common sense used to be an important part of our intelligence. It has gone the way of the 8-track tape. I wish that there was some respect for the person who manages to get through their daily lives, paying their bills and taking care of their family. They know a lot about economics, it’s just that no one values what they think anymore.