Conversation: 108-003
Prev: 108-002 Next: 108-004Start Date: 13-Oct-1972 10:06 AM
End Date: 13-Oct-1972 10:51 AM
Participants:
Nixon, Richard M. (President); Pay Board and Price Commission; Shultz, George P.; Rumsfeld, Donald H.; Boldt, George H.; Caples, William G.; Cagle, Donald; Gordon, Kermit; Siciliano, Rocco C.; Weber, Arnold R.; Jacoby, Neil H. (Dr.); Tiernan, Robert P.;Recording Device: Cabinet Room
NARA Description:
On October 13, 1972, President Richard M. Nixon and the Pay Board, including George P. Shultz, Donald H. Rumsfeld, George H. Boldt, William G. Caples, Donald Cagle, Kermit Gordon, Dr. Neil H. Jacoby, Rocco C. Siciliano, Arnold R. Weber, and Robert P. Tiernan, met in the Cabinet Room of the White House from 10:06 am to 10:51 am. The Cabinet Room taping system captured this recording, which is known as Conversation 108-003 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 108-3
Date: October 13, 1972
Time: 10:06 am - 10:51 am
Location: Cabinet Room
The President met with George P. Shultz, Donald H. Rumsfeld, George H. Boldt, William G.
Caples, Donald Cagle, Kermit Gordon, Dr. Neil H. Jacoby, Rocco C. Siciliano, Arnold R.
Weber, and Robert P. Tiernan
Introductions
The Pay Board
-October 1971 meeting
6
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/08)
-Appreciation for efforts
-Work
-Long-term effects
-Slowdown in wage escalation
-Wage settlements
-Wage increases
-Credit
-The President’s August 15, 1971 wage-price action
-Effect on wage earners
-Labor
-The President’s conversation with George Meany
-Construction industry
-The economy
-Cost of living, inflation, prices
-Effect of Pay Board and Price Commission’s work
-Inflation, wage increases
-Discipline of American people
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Great Britain
[To listen to the segment (2m12s) declassified on 02/28/2002, please refer to RC# E-602.]
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-The United States
-International Monetary Fund [IMF] meeting
-The President, Shultz
-Importance of economic action
-Use of controls
-Market forces
-Domestic issues
-Foreign policy
-The People’s Republic of China, Union of Soviet
Socialist Republics [USSR], Vietnam
-Work of members
-Motives, recognition
-Caseload
-Staff
7
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/08)
-Cost of Living Council
-Support
-Rumsfeld
-Liaison
-Doug Johnson
-Cooperation of labor leaders
-Compliance
******************************************************************************
Great Britain
[To listen to the segment (2m1s) declassified on 02/28/2002, please refer to RC# E-602.]
******************************************************************************
-Harry S Truman’s use of Army to break strike
-Postal union negotiations
-Shultz, Meany
-Teamsters meeting
-Frank E. Fitzsimmons, Einar O. Mohn
-[Harry?] Bridges
-Brewery workers
-Labor movement
-Radicalism
Student unrest on campuses
-University of California, Los Angeles [UCLA]
-Berkeley
-Santa Barbara
-Activism
-Revolutionaries
-Environmentalists
-Students for a Democratic Society
-Attacks on conservative professors
-Jacoby
-Free trade
-Shultz
Pay Board
8
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/08)
-Free trade
-Hartke bill
-Long term effect of controls
-The President’s August 15, 1971 wage-price action
-Businessmen
-Business community
-Expectations
-Salaries
-Cooperation of labor and business
-Market forces
-Post-World War II period
-Shultz
-Gordon
-Policy
-Spending increases
-Budgetary action
-Pressures
-Unionization
-Regulation
-Use of executive and congressional power
-Shultz, John B. Connally
-Western capitalism’s problems
-Prosperity, full employment, prices
-Government action
-1972 economic situation
-Government responsibility
-Use of controls
-University of Chicago, UCLA
Gift presentation
-Cost
Pay Board
-Work
The President, et al. left at 10:51 am