Ronald Reagan actually said...

There is nothing in what has happened here that should result in a recession.

Remarks and a Question-and-Answer Session With Reporters on the Stock Market and Economic Policy

10/19/1987

More Ronald Reagan Quotes

America wouldn't be America without freedom, and we can't keep it without you.

We must deliver to them a world of opportunity and peace.

Our forces don't seek to make Europe captive. We seek to keep Europe free.

Every generation has to ensure that it will be there and pass it on to the next.