"I don't care what the president says, he's my best friend...and you can't take him away!"
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A short excerpt from a Steven Spielberg interview by Quint (aka Eric Vespe) of Ain't It Cool News:

Quint: Now, I've heard a story that I wanted to run by you. I have no idea if it's true, but an effects friend of mine told me about a special screening of E.T. for Ronald Reagan. Have you heard this story?

Steven Spielberg: I was there!

Quint: The story I heard is that when Reagan saw it he started talking about how close to reality it was and he was quickly ushered out of the room. Is that true?

Steven Spielberg: No, he wasn't ushered out of the room. He was the President of the United States! Nobody could usher Ronald Reagan out of the room! It was in the White House screening room and Reagan got up to thank me for bringing the film to show the President, the First Lady and all of their guests, which included Sandra Day O'Connor in her first week of as a Justice of the Supreme Court, and it included some astronauts... I think Neil Armstrong was there, I'm not 100% certain, but it was an amazing, amazing evening. He just stood up and he looked around the room, almost like he was doing a headcount, and he said, "I wanted to thank you for bringing E.T. to the White House. We really enjoyed your movie," and then he looked around the room and said, "And there are a number of people in this room who know that everything on that screen is absolutely true." And he said it without smiling! But he said that and everybody laughed, by the way. The whole room laughed because he presented it like a joke, but he wasn't smiling as he said it.