Ronald Reagan actually said...

"I hope you will share with all those who had anything to do with Australia IIs success my congratulations and those of the American people."

"If the America's Cup had to leave the United States, I am delighted that its home will be Australia—at least until the next race."

"One major consolation for us is that the next race will provide a large number of Americans the opportunity to enjoy the beauty and hospitality of Perth as they seek to bring home the Cup."

"Our system is based on faith in the people."