The work goes on, the cause endures, the hope still lives, and the dream shall never die

As Democrats we recognize that each generation of Americans has a rendezvous with a different reality. The answers of one generation become the questions of the next generation. But there is a guiding star in the American firmament. It is as old as the revolutionary belief that all people are created equal, and as clear as the contemporary condition of Liberty City and the South Bronx. Again and again Democratic leaders have followed that star and they have given new meaning to the old values of liberty and justice for all.

We are the party—We are the party of the New Freedom, the New Deal, and the New Frontier. We have always been the party of hope. So this year let us offer new hope, new hope to an America uncertain about the present, but unsurpassed in its potential for the future.

Ted Kennedy's concession speech at the Democratic National Convention, 1980. Here's YouTube. (Via.)