Friday, June 20, 2008

Quote of the Day

Our quote of the day comes from a commencement speech given by legendary supply-side economist Arthur Laffer at Mercer University which is reprinted in the Wall Street Journal. Laffer cites a 1963 speech by President John F. Kennedy. According to Laffer, JFK said:
No American is ever made better off by pulling a fellow American down, and all of us are made better off whenever any one of us is made better off.

Kennedy concluded by using the analogy that "a rising tide raises all boats."

How I miss the days when a Democrat could say something sensible about economics, something that didn't involve class warfare. I do tire of their "soak the rich" rhetoric where "rich" is defined as anyone not eligible for food stamps.