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Conversation: 640-007

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Start Date: 22-Dec-1971 12:31 PM

End Date: 22-Dec-1971 12:43 PM

Participants:

Nixon, Richard M. (President)McCracken, Paul W.[Unknown person(s)]

Recording Device: Oval Office

Full Tape Conversation Start Time: 02:08:49

Full Tape Conversation End Time: 02:21:34

640a.mp3

640b.mp3

NARA Description:

On December 22, 1971, President Richard M. Nixon, Paul W. McCracken, and unknown person(s) met in the Oval Office of the White House from 12:31 pm to 12:43 pm. The Oval Office taping system captured this recording, which is known as Conversation 640-007 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 640-7

Date: December 22, 1971
Time: 12:31 pm - 12:43 pm
Location: Oval Office

The President met with Paul W. McCracken.

     McCracken's departure from administration
         -Timing

     Economy
         -Consumer Price Index [CPI]
               -Percentage
         -Non-food commodity prices
               -Service
         -International monetary situation

An unknown person entered at an unknown time after 12:31 pm.

     Refreshments

The unknown person left at an unknown time before 12:43 pm.
                                             22

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                  Conv. No. 640-7 (cont.)



     Economy
         -International monetary situation
               -The President’s August 15, 1971 speech
               -Surcharge
               -US strategy
               -Germany
                     -McCracken
                           -Deutschemark
               -Georges J.R. Pompidou
               -John B. Connally
                     -Ability
                     -Group of Ten
               -Anthony P. Barber
               -US competitive position
                     -McCracken’s visit to a US auto dealer
                     -Buick Opel prices
                     -Japanese cars
         -Pompidou meeting
               -McCracken’s previous meeting with [Forename unknown] Bernard
                     -Timing
                     -Location
                     -Attitude
                           -Eagerness to talk

An unknown person entered at an unknown time after 12:31 pm.

     Refreshments served

The unknown person left at an unknown time before 12:43 pm.

          -US relations with Europe and Japan
          -Japanese
               -Negotiation style
          -French
               -Negotiation style
          -Japanese
               -Negotiation style
                     -The President’s experience
                           -New York
               -McCracken’s trip to Tokyo
                                             23

                         NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                       Conv. No. 640-7 (cont.)


                    -Economic planning
                         -Prospects for a economic relationship with Japan
               -Meeting
                    -Ezra Solomon
                    -Toshio Kimura
                         -Proposed frequency of meetings
                    -Public relations
                    -Eisaku Sato
               -Cabinet meeting
                    -Breakfast meeting with Japanese
                         -Connally
                         -Arthur F. Burns
                         -George P. Shultz
                         -Takeo Fukuda
                         -Unknown person
                         -Kakuei Tanaka
                                -Ministry of International Trade and Industry [MITI]
                         -Results
                                -Fukuda

     McCracken's future plans
         -Home
         -Lecturing
               -Anecdotes
                     -Parables
         -President's appreciation
         -Cabinet party
         -Gifts

     Economy
         -President’s instructions to McCracken
               -Burns
                    -Money supply
                           -Possible letter
         -Prospects
               -1972
                    -Unemployment

McCracken left at 12:43 pm.
                                             24

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                 Conv. No. 640-7 (cont.)