Ronald Reagan Presidential Foundation and President and Chief Executive Officer of the Institute, David Trulio and President and editor -in -chief of Forbes Media, Steve Forbes, spoke with Fox News Digital of the heritage of Reagan.
March 28, 1985, president Ronald Reagan made history as the first and only president sitting to ring the opening bell on the New York Stock Exchange (NYSE). Exactly 40 years later, Ronald Reagan Presidential Foundation and president and chief executive officer of the Institute, David Trulio, alongside the president and editor -in -chief of Forbes Media Steve Forbes, honored the legacy of the 40th president and sounded the emblematic opening bell.
When Reagan addressed The NYSEHe was at the start of his second term. He spoke of the economic growth of the United States during his first mandate and praised the positive effects of tax reductions and deregulation.
“But in the past 5 years, we have spent discomfort in hope, confidence and opportunities,” said Reagan. “We knew that the discomfort for what it was really: the government, with its high taxes, its excessive expenses and its surregulation, had launched a key in the work of our free markets. Essentially, the government was trying to manage the economy but ruined it instead.”
Steve Forbes, president and editor -in -chief of Forbes Media, joined others on the New York Stock Exchange to commemorate the 40th anniversary of President Ronald Reagan who sounded the opening bell on Friday March 28, 2025 in New York, NY, NY (James Keivom for Fox News Digital / Fox News)
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When Reagan came into office, the American economy suffered and the threat of climbing during the Cold War was imminent. However, its policies have helped stimulate economic growth and defuse tensions during the Cold War, which ended two years after Reagan’s departure.
In his conversation with Trulio before the ringtone, Forbes tackled Reagan’s success By taking the United States “a decrease to a vigorous nation”. The media tycoon said that the “moral dimension” to Reagan policies made people realize that it was more than monetary growth – it was “the improvement of humanity”.
General view of the New York Stock Exchange commemorating the 40th anniversary of President Ronald Reagan who rings the opening bell on Friday March 28, 2025 in New York, NY (James Keivom for Fox News Digital / Fox News)
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Forbes and Trulio sounded the opening bell at 9:30 am flanked by Reagan images while the crowd below broke out in cheers.
Speaking to Fox News Digital after the bell ringing, Trulio stressed the importance that the United States continues to work to be the main economy in the world.
“It is not written in stone that America becomes the number one economy in the world, simply because we have to work on it and ensure – on a bipartite basis – that we identify and discuss these policies and adopt policies that stimulate growth, innovation and opportunities,” Trulio told Fox News Digital.
David Trulio, President and CEO of Ronald Reagan Presidential Foundation and Institute (RRPFI) on the New York Stock Exchange to commemorate the 40th anniversary of President Ronald Reagan, referring to the opening bell on Friday, (James Keivom for Fox News Digital / Fox News)
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Trulio and Forbes parallels between Reagan and President Donald Trump. By entering his second term, Trump received an economy in decline and international chaos, similar to the challenges that Reagan was faced.
“Well, we have two great historical leaders. They both share a strong interest in keep low taxesReduce regulations and do everything possible to bring down the government’s burden. So I think there is a good alignment there. And these principles that President Reagan has applied seem to be applied right now by President Trump, “Trulio told Fox News Digital.
Like Reagan, Trump worked to reduce government waste, in particular with the Ministry of Government Effectiveness (DOGE). While speaking with Trulio, Forbes admitted that Doge may seem “messy” from the outside, but said that it was “revolutionary”.
Steve Forbes, President and editor -in -chief of Forbes Media, on the New York Stock Exchange to commemorate the 40th anniversary of President Ronald Reagan, who rings the opening bell on Friday March 28, 2025, in New York, NY, NY (James Keivom for Fox News Digital / Fox News)
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While Trulio has refrained from speculating what Reagan would have thought of Doge, he said that the actions of the ministry were aimed at his alignment with “wider principles that were exercised with great success in the Reagan administration”.
Forbes, on the other hand, told Fox News Digital that he thought that Reagan “would have absolutely approved Doge” and that the 40th president would probably have wanted Elon Musk to be there so that he could “trigger him, just as President Trump did”.
“President Trump believes in the free business, and that is why he has brought the tax changes and the regulatory changes he has brought to the first mandate. And I am happy that they are deregulating with revenge in the second mandate. It was necessary to do it,” Fox News Digital told Fox.
