Nancy Reagan PRAISES Obama

3/1/2011 3:34 PM PST

Nancy Reagan PRAISES Obama

Barack Obama has at least ONE famous Republican supporter ... Nancy Reagan.

The former First Lady of the United States was leaving Spago with her Secret Service team yesterday when a paparazzo asked, "How do you think Obama's doing now?"

Reagan simply replied, "He's doing well."

Obama recently announced that he read a book on Ronald ... we're guessing it scored him a few points with the Gipper's wife.