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Conversation: 005-066

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Start Date: Monday, June 14, 1971 8:34 PM

End Date: Monday, June 14, 1971 10:46 PM

Participants:

Nixon, Richard M. (President)White House operator

Recording Device: White House Telephone

Full Tape Conversation Start Time: 02:07:35

Full Tape Conversation End Time: 02:07:42

005-066.mp3

NARA Description:

On June 14, 1971, President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 4:34 pm and 6:46 pm. The White House Telephone taping system captured this recording, which is known as Conversation 005-066 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 5-66

Date: June 14, 1971
Time: Unknown between 4:34 pm and 6:46 pm
Location: White House Telephone

The President talked with the White House operator.
                                              41

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



[See Conversation No. 519-16]

     Call to George P. Shultz




                                                                      Conversation
                                                                      Conv. No. 5-66
                                                                                   No.
                                                                                     (cont.)
                                                                                       5-67

Date: June 14, 1971
Time: 6:46 pm - 6:57 pm
Location: White House Telephone

The President talked with George P. Shultz.

[See Conversation No. 519-17A]

     President's schedule
          -Meeting with Quadriad
                 -John B. Connally

     Economy
         -Expansion
         -Inflation
               -Arthur F. Burns’ figures
               -Budget and monetary policy
               -Wage and labor cost figures
         -US businessmen's lack of confidence in US
               -Burns’ opinion
               -Previous meeting of Business Council
         -Impact of increase in output per manhour on labor costs
               -National City Bank report in H.R. (“Bob”) Haldeman's office
         -Paul W. McCracken
         -Economic condition of Armor division of Greyhound Corporation
               -Shultz's conversation with unknown man
         -Plant-equipment expenditures in American business
         -Inventory expansion
               -Sales
         -Retail sales (May 1971 figures)
               -McCracken's memo to President
               -Revising of figures
               -Sears, Montgomery Ward, J.C. Penney's
                                                42

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



          -Unemployment and expansion of U.S. economy
              -Decline of actual unemployment
              -Seasonal factors in unemployment
              -Armed forces discharges and employment of veterans
          -Wage and price control system
              -Costs
              -Novelty
                                                                       Conv. No. 5-66 (cont.)