Foundation and Fundamentals?


I don’t pretend to be an expert on the economy.  I do understand the underpinnings of it and many other things about it, but an expert I am not.  I do fancy myself a wordsmith however and I want to address the latest attack on Sen. McCain from Sen. Obama.

Sen Obama now says further proof that Sen. McCain is “out of touch” is his claim that the fundementals of our economy are strong.  Clearly Sen. Obama is the person out of touch or doesn’t understand what the word fundemental means.

Fundamental is defined as; serving as an original or generating source.  Is Sen. Obama saying the capitalist system, the workers, the small business owners are no longer supporting and driving this economy?

Is it his contention that something be brought in to replace that and if so, what would?

He, (Sen. Obama), said “This country can’t afford another four years of this failed philosophy,” I’m sorry capitalism doesn’t suit Sen. Obama.  I still want to know what he wants to replace the fundamentals of our economy with.

Now it may be a bit picky, but the fundamentals of our economy and the foundation of our economy are differnet, though not so much as most would notice.  The actual foundation of our economy is based in part on the work of Adam Smith called Wealth of Nations, which should be required reading for every student in America.

From his writtings we learn that the best foundation is the individual’s desire to be free and to do better for him and his family.  We understand that Government is the most likely cause for economy to fail so that which govern’s least, govern’s best.

We  would learn that, (if we read it), taxes shackle business, and the more taxes the heavier the shackles, the slower the growth, if any growth at all.  Need some proof?  Let’s check out the recent rise in unemployement.  Starting about 3 months or so ago the rate started to rise.  The news media was all over the story.  Worse unenployement rates in a couple of decades.

Guess what they didn’t tell you.  Have any idea of what kicked in just about the same time?  If you said the minium wage increase you get a gold star.  An extra bonus point if you remember who pushed through the law to raise the rate.  Here’s a hint, the same Party that is now blaming President Bush for the increase in unemployement rates.

So according to Sen. Obama the last 6 months of economic downturn or adjustment means that the last 280+ years, the foundation and fundamentals of this Country represents a failed philosophy.

So I ask you who is really out of touch?

More to follow.


“Rebellion to Tyranny is Obedience to God”


2 Responses to “Foundation and Fundamentals?”

  1. chas Says:

    Mr. Harmon,

    Consider it done. You have an interesting site that I will explore in more depth as time permits.


  2. Mike Harmon Says:


    I would like to put a link to your site on my blog roll if you want to do the same for mine. It would be a good way to build up both of our readerships.

    thank you.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: