March 5, 2010
Rep Patrick Henry (R-SC) on the House Committee on Financial Services introduced bill H.R. 4705 (15 co-sponsors) to replace Pres Ulysses S Grant with Pres Ronald Reagan on the $50 bill. His hope is to have it passed by Reagan’s 100th birth in February 2011.
Grant does look awfully angry.
President Reagan was a modern-day statesman whose presidency transformed our nation’s political and economic thinking. Through both his domestic and international policies, he renewed America’s self-confidence, defeated the Soviets and taught us that each generation must provide opportunity for the next.
Today, during double-digit unemployment, record spending and off-the-charts federal debt, Reagan’s belief in the power of individuals has inspired a new generation of future leaders and grassroots advocates. Preserving the legacy of this great American president ensures that future generations will be inspired by the same principles of responsibility, hope and hard work.
Under this bill, President Reagan’s likeness would replace that of President Ulysses Grant. While Grant played a significant role in American history before being elected president, he is not as well regarded by presidential historians. In 2005, The Wall Street Journal conducted a presidential poll with bipartisan scholars, ranking Reagan sixth, while Grant was ranked 29th.