Conversation: 739-006
Prev: 739-005 Next: 739-007Start Date: 21-Jun-1972 10:40 AM
End Date: 21-Jun-1972 12:30 PM
Participants:
Nixon, Richard M. (President); Shultz, George P.; Burns, Arthur F.; Weinberger, Caspar W. ("Cap"); Stein, Herbert; Rooney, John J.; [Unknown person(s)]; White House operator; Walters, Vernon A.;Recording Device: Oval Office
Full Tape Conversation Start Time: 01:33:42
Full Tape Conversation End Time: 03:23:55
NARA Description:
On June 21, 1972, President Richard M. Nixon, George P. Shultz, Arthur F. Burns, Caspar W. ("Cap") Weinberger, Herbert Stein, John J. Rooney, unknown person(s), White House operator, and Vernon A. Walters met in the Oval Office of the White House from 10:40 am to 12:30 pm. The Oval Office taping system captured this recording, which is known as Conversation 739-006 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 739-6
Date: June 21, 1972
Time: 10:40 am - 12:30 pm
Location: Oval Office
The President met with George P. Shultz, Arthur F. Burns, Caspar W. Weinberger, and Herbert
Stein.
[Members of the press were present at the beginning of the meeting]
Greetings
Arrangement for photograph
Alexander M. Haig, Jr.'s office
Haig
-Instructions from the President
-John B. Connally's conversations
-Brazil, Argentina, Peru, Venezuela
-Emilio Garrastazu Medici
National economy
Edward R. G. Heath
-House of Commons
-Currency problems
-Burns’s view
-Anthony P. L. Barber
The President talked with John J. Rooney between 10:44 and 10:45 am.
[Conversation No. 739-6A]
[See Conversation No. 25-100; one item has been withdrawn]
[End of telephone conversation]
Heath
11
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
US economy
-Status
-George Meany's visit
-Previous visit to Great Britain
-Heath
-National economy
-Economic indicators
-Stein’s report
-Gross National Product [GNP]
-Rate of expansion
-Effect on unemployment in 1972
-Consumer Price Index [CPI]
-Food
-Used cars
-Beef prices
-Cattle prices
-Labor
-Unemployment
-Administration policy
-Effect
-The President's experience in 1960
-Food prices
-Leasing bill
-Construction of government buildings
-Private companies
-General Services Administration [GSA]
-Wall Street Journal article
-Military
-Vietnam
-Troop withdrawal
-Procurement
-Retirements
-Lay-off rate
-Teenagers, part-time workers
-Manpower funding through September 1972
-Employment without inflation or war
-Real spendable weekly earnings
-Rate of increase per year
-1960-1970
-Current
-Effects of the President's economic policy
-Hourly rate increases
12
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
-The President's economic policy
-Restraint on prices
-Weinberger’s speeches
-Structure of unemployment
-Income levels
-Effect
-Business leaders
-Peter M. Flanigan
-Effect of George S. McGovern's program
-Business leaders
-Taxes
-Inflation
-Increasing price of wheat
-Wage guidelines
-Effect on profits
-Burns’s view
-Consumer prices
-Profit margins
-Effect on economic recovery
-Burns’s view
-C. Jackson Grayson, Jr.
-Freeze on meat prices
-Timing
-Hog market's cycle
-Burns’s view
-Import quotas
-Shultz’s view
-State Department
-Wholesale prices in US
-Weinberger’s view
-Quotas
-Textiles and oil
-Iraq and Alaska
-State Department
-Price freezes
-Statistics
-Chain stores
-Connally
-Winn-Dixie grocery store
-Food distribution
-McGovern’s plan
-Anti-trust action
-Instructions for Burns
13
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
-John N. Mitchell
-Charles W. Colson
-Quotas
-Meat prices
-Possible administration action
-Retail chain stores
-Military stockpile
-Rises
-Stein’s view
-CPI
-Marina von N. Whitman
-Briefing
-Chain store margins
-Instructions for Burns
-Mitchell
-Memorandum for the President
-Price freeze
-Profit margins
-Shultz’s view
-Business leaders’ possible reaction
-Price freeze
-The President’s view
-Environment
-Legislative action
-Higher education bill
-Clean Water bill
-Child care bill
-Rural affairs bill
-Administration actions
-Meany
-Colson
-Louis P. Harris
-Foreign policy
-Domestic policy
-Connally
-Business
-Environment
-Environmental Protection Agency [EPA]
-Tax reform
-Anti-trust efforts
-Quotas
-Meatpackers
-Cattle growers
14
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
-McGovern’s policies
-Effects of price freeze on economic growth
-Political contributions
-Administration's actions in fighting Congressional
legislation
-Removal of controls
-Staff views
-The President's schedule
-H.R. Haldeman
-California
-Time and location of next Quadriad meeting
-Camp David
-Laurel Cabin
-Colson, John D. Ehrlichman
*****************************************************************
BEGIN WITHDRAWN ITEM NO. 2
[Personal returnable]
[Duration: 8m 16s ]
END WITHDRAWN ITEM NO. 2
*****************************************************************
The President's schedule
-Nelson A. Rockefeller
-Photograph opportunity
-John A. Volpe
An unknown woman entered at an unknown time after 10:45 am.
-Rockefeller’s arrival
The unknown women left at 11:56 am.
Stein and Weinberger left at 11:56 am.
Burns's schedule
-Meetings during forthcoming foreign trip
15
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
-Finance ministers
-Central bankers
-Haig
-Medici, Juan Velasco Alvarado, Venezuela
-Background notes from Connally's trip
-Henry A. Kissinger
-Instructions from the President
-Velasco
-Public aid
-Medici
-The President's conversation with Luis Echeverria Alvarez
-Private capital
-Example of Chile
-Requirements
-Competition from other areas of the world
-Southeast Asia
-Indonesia
-Latin America
-The President’s view
-Need for stability
-Economic policy
-Brazil
-Medici
-Government
-Argentina
-Peru
-Venezuela
-Marcos Perez-Jimenez
-Iraq
-Need for stability
-Chile
-State Department
-Protectionism in US
-Congress
-The President
-Trade preferences
-Connally's trip
-Latin Americans
-The President’s view
-Argentina
-Juan Domingo Peron
-Pre-World War II economic strength
-Italy
16
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
-Czechoslovakia
-Peron
-Economic strength
-Racial mix
-Allejandro A. Lanusse
-Vernon A. Walters
-Meeting with Burns
-Experience
-Dwight D. Eisenhower Administration
-Translation
*****************************************************************
BEGIN WITHDRAWN ITEM NO. 3
[National Security]
[Duration: 26s ]
BRAZIL
END WITHDRAWN ITEM NO. 3
*****************************************************************
-Medici
-The President’s view
-Argentina
-Meat exports
-Capabilities
-Meat quotas
-Burns’s discussions with Argentinians
-Compared to Uruguay
-Kissinger
-Administration policy
Jewish people
-Support for Republicans
-Burns’s view
-McGovern
-Israel
-Israel
-Administration policy
17
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
-The President’s actions
-Burns’s statements
-Jewish emigration from Soviet Union
-Importance to Jews
-William P. Rogers
-The President's discussions with Leonid I. Brezhnev
-Burns’s statements
-McGovern's defense program
-Effect on Israel
-Effect on foreign policy
-John Foster Dulles
-Eisenhower
-Korea
-Balance of military power
-Importance of arms negotiations
-Compared with the President’s policy
-Effect on Israel
-Yithak Rabin
-US liberals
-Support for Republicans
-Spiro T. Agnew
-The President’s policy
-Israel
-Phantom fighter jets
-Soviet Union intervention
-Surface-to-air missile [SAM] sites
-United Arab Republic [UAR]
-Importance of US President
-Nixon compared with McGovern
-Brezhnev
-The President’s view
-Israel
-Soviet Union
-Comparison to mining of Haiphong harbor
-Burns’s statements
-Israel
-Soviet Union
-Vietnam
-Catholic issue
-John F. Kennedy
*****************************************************************
18
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)
BEGIN WITHDRAWN ITEM NO. 4
[Personal returnable]
[Duration: 2m 7s ]
END WITHDRAWN ITEM NO. 4
*****************************************************************
The President talked with the White House operator at an unknown time between 12:26 and
12:28 pm.
[Conversation No. 739-6B]
[See Conversation No. 25-101]
[End of telephone conversation]
US foreign policy
-Effect of world situation
-Great Britain
-France
-Winston S. Churchill
-US role in World
The President talked with Walters between 12:28 and 12:29 pm.
[Conversation No. 739-6C]
[See Conversation No. 25-102]
[End of telephone conversation]
Walters
-Linguistic ability
-Translation in Eisenhower Administration
President's schedule
Burns and Shultz left at 12:30 pm.
19
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. Feb-02)