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Conversation: 105-009

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Start Date: 29-Sep-1972 9:19 AM

End Date: 29-Sep-1972 10:06 PM

Participants:

Nixon, Richard M. (President)Cost of Living CouncilShultz, George P.Rumsfeld, Donald H.Butz, Earl L.Peterson, Peter G.Hodgson, James D.Romney, George W.Weinberger, Caspar W. ("Cap")Lincoln, George A. (Gen.)Knauer, Virginia H.Burns, Arthur F.Veneman, John G.Walters, Johnnie M.Flemming, Arthur S.Curtis, Thomas B.Preston, EdwardWhitman, Marina von NeumannMcLane, James W.Geimer, WilliamCheney, Richard B.Concklin, Bert M.Walker, WilliamKosters, Marvin H.Murdoch, Donald R.Greener, William I. ("Bill"), Jr.Lane, C. RobertWhite House photographer

Recording Device: Cabinet Room

105a.mp3

105b.mp3

105c.mp3

NARA Description:

On September 29, 1972, President Richard M. Nixon and members of the Cost of Living Council, including George P. Shultz, Donald H. Rumsfeld, Earl L. Butz, Peter G. Peterson, James D. Hodgson, George W. Romney, Caspar W. ("Cap") Weinberger, Gen. George A. Lincoln, Herbert Stein, Virginia Knauer, Arthur F. Burns, John G. Veneman, Robert M. Ball, Johnnie M. Walters, Arthur S. Flemming, Thomas B. Curtis, Edward Preston, Marina von Neumann Whitman, James W. McLane, William Geimer, Richard B. Cheney, Bert M. Concklin, William Walker, Marvin H. Kosters, Donald R. Murdoch, William I. ("Bill") Greener, Jr., C. Robert Lane, the White House photographer, and members of the press, met in the Cabinet Room of the White House at an unknown time between 9:19 am and 10:06 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 105-009 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 105-9

Date: September 29, 1972
Time: Unknown between 9:19 am and 10:06 pm
Location: Cabinet Room

George P. Shultz met with Donald H. Rumsfeld, Earl L. Butz, Peter G. Peterson, James D.
Hodgson, George W. Romney, Caspar W. (“Cap”) Weinberger, General George A. Lincoln,
Herbert Stein, Virginia H. Knauer, Arthur F. Burns, John G. Veneman, Robert M. Ball, Johnnie
M. Walters, Arthur S. Flemming, Thomas B. Curtis, Edward Preston, Marina von N. Whitman,
James W. McLane, William Geimer, Richard B. Cheney, Bert M. Concklin, William Walker,
Marvin H. Kosters, Donald R. Murdoch, William I. Greener, Jr., and C. Robert Lane; the White
House photographer and members of the press were present at the beginning of the meeting

     Cost of Living Council
                                              12

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                          (rev. 10/08)




The President entered at 11:03 am

     Greeting

     Photographs

     [Unintelligible -- camera noise]

     Speechmaking
          -Shultz
          -Butz

     Agenda
         -Rumsfeld
         -Burns
              -Price controls
                    -Foreign reaction
         -Shultz
              -American economy
                    -Europe
              -Comments on the President’s speech
                    -Hobart Rowen
         -Shultz’s speech

     Social Security
          -Rumsfeld
          -Increases
                -Rent control
                     -Curtis
                           -Rent Advisory Board
                     -Flemming
                     -Walters
          -Residences of Social Security recipients
                -Home ownership
                -Renting
                -Percentage of income for housing
                     -Northeast
                -Cost of maintenance
                     -Tax assessments
          -Rent increases
                -Compared with Federal pay increases
                                           13

                       NIXON PRESIDENTIAL MATERIALS STAFF

                                  Tape Subject Log
                                    (rev. 10/08)



            -Concern with landlords’ and tenants’ rights and responsibilities
                  -Illegal rent increases
                        -Internal Revenue Service [IRS]
                              -Rent watch
                              -Rent sweep
                  -Mailings
                  -Publicity
            -Cheney
            -Statements by Rumsfeld, Flemming
                  -Press
                  -IRS
            -Decontrol
                  -Four-family ownership
            -Landlords
                  -Abuses
            -Curtis
                  -Rent Advisory Board
                  -Tripartite Board
            -Nursing home operators
            -Shultz
                  -Directive
            -Senior Citizens’ Group
                  -Talks by surrogates
            -Ball
                  -Social Security Office
                  -Presidential Directive
            -IRS
                  -Enforcement power
                  -Justice Department [DOJ]

Food
       -Rumsfeld
       -Inflation
             -1972, 1973 figures
             -Shultz
             -Stein
             -Kosters
                   -Assistant Director for Planning and Analysis, Cost of Living Council
                        [COLC]

Work stoppages
    -Hodgson
                                         14

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/08)



     -Strikes
           -Numbers
           -Man-days lost
           -Length
           -Industrial peace
                -Wage and price controls
                -Shultz

Production
     -Burns
     -Leaders
           -Economic journals
                -Great Britain
                     -Price and wage controls
                     -Labor relations
     -Construction
     -Burns
     -Shultz
     -Poll
           -Harris
                -Controls
                     -Guidelines
                           -Burns
                     -Competition

Labor relations
     -Economic factors
           -Wage settlements
                 -Inflations
           -Labor market
           -Construction
           -Public sector
     -Collective bargaining agreements
           -Workers to be covered
           -Effective wage changes
           -Sectors
           -First-year wage increases
                 -Construction
                 -Manufacturing
           -Cost of living increases
           -Inflation
           -1973 situations
                                               15

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/08)



                      -Steel
                      -Rubber
                -First-year wage increases
                -Inflation
                      -Real wages
                      -Cost of living escalators
                -Deferred increases
                -1972
                      -Wage increases
                            -Construction
                                  -Influence on other sectors
                      -Real wages
                -Cost of living
                -1973 prospects
                      -Wages
                            -Cost of living
                                  -Real wage increases
                -Presentation summarized

    Food
           -US Department of Agriculture [USDA]
                 -Data reports
                       -COLC action
                       -Retail prices
                       -Beef
                       -September vis-a-vis August figures
                       -Timing of reports
           -Retail situation
                 -California
                       -Los Angeles area grocery stores
                             -Ralph’s Grocery Company
                             -Alpha Beta Markets, Inc.
                 -Rumsfeld’s actions
           -Beef
                 -Long range
                 -Imports


******************************************************************************

    Beef imports
                                               16

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



[To listen to the segment (2m1s) declassified on 02/28/2002, please refer to RC# E-600.]

******************************************************************************


                -Per capita consumption
                      -Increasing production
                            -Other crops
                -Marginal cost areas
                -Peterson
                -Congress
                -Future trends
                -Farmers
          -Pork production
          -India
                -Vegetarian cuisine
          -Cattlemen
                -Temporary quotas
                -Shultz
                -Stein
          -Beef imports
                -Quantities
                -Secretary of Agriculture
                -Knauer

     US economy
          -Economic factors
          -Controls
          -Wages
          -US compared with other industrial nations
                -Inflation
                -Rate of growth
                -Real wages
          -Beef
          -Unemployment
          -US compared with other industrial nations
                -Inflation
                -Rate of growth
                -Real wages
                -Japan
                -Germany
                -Britain
                                             17

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



                -France
           -Performance of the COLC
           -Economic factors
                -Consumer Price Index [CPI]
                -Wholesale Price Index [WPI]
                -Unemployment figures
                -Use of figures
                      -Repetition
           -Approach prior to the election
                -Full employment without war
                      -Vietnam
                      -Inflation
                      -Eisenhower administration

     Public Broadcasting System
          -Sander Vanocur

The President left at 12:03 pm

     COLC schedule
        -Stein

Recording ends at an unknown time before 10:06 pm, while the conversation is in progress