Automatic ReFi's Will Delay the US Economy's Downward Slide Until the 2012 Elections Are Over

Here's some Socialism being suggested in an attempt to keep afloat the failing US economy, which used to be based on Capitalism.   How many homeowners would say no to a 4% refi on 'scruples'?  Let's see: Option A: keep paying a 30 yr fixed 6.5% loan on a $350k home (now worth -$280k in City of C'ville, and even less next year) for $2144k/month.  Option B: 4% payments at $1700.