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Conversation: 007-023

Prev: 007-022 Next: 007-024

Start Date: Thursday, July 29, 1971 12:42 AM

End Date: Thursday, July 29, 1971 12:58 AM

Participants:

Nixon, Richard M. (President)Shultz, George P.Nixon, Richard M. (President)Shultz, George P.

Recording Device: White House Telephone

Full Tape Conversation Start Time: 01:05:05

Full Tape Conversation End Time: 01:20:23

007-023.mp3

NARA Description:

On July 28, 1971, President Richard M. Nixon and George P. Shultz talked on the telephone from 8:42 pm to 8:58 pm. The White House Telephone taping system captured this recording, which is known as Conversation 007-023 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 7-23

Date: July 28, 1971
Time: 8:42 pm - 8:58 pm
Location: White House Telephone

The President talked with George P. Shultz.

     Shultz's and John B. Connally’s meeting with Senators
          -Wage-price policy
                -Davis-Bacon Act
                      -John G. Tower
          -Economic statistics
                -The President’s preparation for the Bohemian Grove
                -Labor costs in manufacturing
                      -Profits
                -Second quarter productivity figures
                -Retail and automobile sales
          -Connally
                -Politics
                -Support for the President
          -Clark MacGregor
          -Paul W. McCracken
          -International economics
          -Economic situation
                -Shultz's talk with H. R. (“Bob”) Haldeman and John D. Ehrlichman
                -Free market theory
                -Devaluation of the dollar
                -Gold supply
                                         16

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                 Tape Subject Log
                                   (rev. 10/08)



           -International monetary experts
                 -Dwight D. Eisenhower
           -Gold supply
                 -Trade balance
           -United States compared to other countries
                 -Expansion
                       -Input
                 -Depression                              Conv. No. 7-23 (cont.)
                       -Output
           -Speculation

Economy
    -Budget
    -Balance of payment
    -Steel strike
          -Timing
          -Administration action
          -Compared with automobile strike
    -Connally briefing of House members
          -Jerome H. Jaffe briefing on drugs
                -Attendance
          -Timing
          -Leaders
                -Key spokesmen
    -Retail sales
    -Automobile sales

The President's schedule

Shultz's schedule
     -Meeting with steel industry management
            -Strike compared with settlement
                  -Aluminum cans
                  -Inflation
                  -Involvement by the President
                  -Inventories
                  -Effects of a strike
                  -Shoreham

The President's schedule
                                               17

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



     Economy
         -Statistics
               -Stock market
                      -Arthur F. Burns
                      -Jack R. Miller (?)
                            -Price review board
                      -Positive statement by Burns
                            -Retail sales                      Conv. No. 7-23 (cont.)
         -Rail strike
               -Trucks
                      -Productivity
               -Administration action
                      -Congress