Posted on 09/16/2009 5:27:06 AM PDT by BGHater
On March 28, 1985, President Ronald Reagan made his first of two visits to the NYSE to salute the robust American expansion, as well as the central role of the New York Stock Exchange as the nerve center of entrepreneurial capitalism. President Reagan was the first sitting U.S. president to visit the NYSE.
At 9:53 a.m. that morning, President Reagan—amid a roaring ovation—addressed the Exchange community from the bell podium. Flanked by his chief of staff, Donald T. Regan and NYSE chairman and CEO John J. Phelan, Jr., President Reagan proclaimed: “We’re bullish on the American Economy. The American Economy is like a race horse that’s begun to gallop in front of the field.” Aiming to drive “the bears back into hibernation,” he said, “that’s our economic program for the next four years—we’re going to turn the bull loose.”
Throughout his presidency, the President continued to champion the principles and power of free people competing in free markets. During the first year of his Administration, in September 1981, Reagan communicated his core beliefs to members of the IMF and the World Bank when he stated:
“We who live in free market societies believe that growth, prosperity and, ultimately, human fulfillment are created from the bottom up, not the government down. Only when the human spirit is allowed to invent and create, only when individuals are given a personal stake in deciding economic policies and benefiting from their success – only then can societies remain alive, dynamic, prosperous, progressive and free.
“Trust the people. This is the one irrefutable lesson of the entire post-war period, contradicting the notion that rigid government controls are essential to economic development. The societies that have achieved the most spectacular, broad-based progress are neither the most tightly controlled, nor the biggest in size, nor the wealthiest in natural resources. No, what unites them all is their willingness to believe in the magic of the marketplace.”
"We’re bullish on the American Economy," President Ronald Reagan told the NYSE community from the bell podium in 1985. His comments were met with thunderous applause.
During his 1985 visit, President Reagan addressed Wall Street and corporate leaders in the Exchange's board room. Then NYSE Chairman and CEO, John J. Phelan presents President Reagan with a bull & bear statue, the traditional symbol of the marketplace. Reagan’s chief of staff, Donald T. Regan sits to the President’s right.
An historic moment, President Reagan’s visit to the NYSE in 1985 marked the first time a sitting president had visited the Exchange.
The two giants of the Cold War peace process, former President Reagan and former Soviet leader Mikhail Gorbachev, visit the NYSE to mark its bicentennial in 1992. They are pictured with former NYSE Chairman and CEO, William H. Donaldson.
The NYSE trading floor community welcomes their honored guests in 1992.
The last real American President.
Yep. And look what we have now, BHO. (Excuse me while I regurgitate a little)
Oh how I miss him. He was the GREATEST President in my lifetime and I’m afraid we won’t get another like him anywhere even close again.
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