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Conversation: 836-007

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Start Date: 9-Jan-1973 10:06 AM

End Date: 9-Jan-1973 10:45 AM

Participants:

Nixon, Richard M. (President)Shultz, George P.Stein, HerbertEhrlichman, John D.Bull, Stephen B.

Recording Device: Oval Office

836-007a.mp3

836-007b.mp3

NARA Description:

On January 9, 1973, President Richard M. Nixon, George P. Shultz, Herbert Stein, John D. Ehrlichman, and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 10:06 am and 10:45 am. The Oval Office taping system captured this recording, which is known as Conversation 836-007 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 836-7

Date: January 9, 1973
Time: Unknown between 10:06 am and 10:45 am
Location: Oval Office

The President met with George P. Shultz, Herbert Stein, and John D. Ehrlichman; the White
House photographer and members of the press were present at the beginning of the meeting.

       National economy
              -Wage and price controls
              -Labor, management, Congress
              -Labor-Management Committee
                               -15-

    NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                        Tape Subject Log
                         (rev. Mar.-09)

                                                  Conversation No. 836-7 (cont’d)

       -Labor leaders
               -George Meany
               -I. W. Abel
               -Paul Hall
               -Frank E. Fitzsimmons
               -Leonard Woodcock
               -Teamsters
       -Rules of operation
               -Meany
       -Industry leaders
               -Stephen Bechtel
               -Ed Carter
               -Walt Wriston
               -James M. Roche
                       -General Motors
               -Keith Flaherty [?]
                       -US Steel
       -Purpose
               -Cost of Living Council
               -Wages
               -John T. Dunlop
               -Meany
                       -Abel, Fitzsimmons
       -Food prices
               -Effect of labor
       -Stein
               -Book
-Announcements
       -List of steps
-Broilers export subsidy
-Soybeans, grains
-Farm commodities sales
       -Stockpiles
               -National security issue
                       -Congressional relations
       -Grain
               -Loans
                       -Agriculture Department
       -Real estate prices
               -Iowa
                               -16-

    NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                        Tape Subject Log
                         (rev. Mar.-09)

                                                 Conversation No. 836-7 (cont’d)

              -Georgia
                     -Tax laws
-Cheese
       -Import quotas
       -Broilers
       -Farmers' interest
               -Income
-PL 480
       -Foreign food aid
       -Emergency relief
       -“Boondoggle”
       -Food for Peace
               -Surpluses
               -Earl L. Butz
                       -Congressional relations
                       -Food prices
-Presentation
       -Timing
               -Preparation
                       -Executive orders
               -Press relations
               -Congressional relations
       -Press questions
               -Meet the Press
                       -John D. Ehrlichman
                               -Second-term reorganization
       -Format
       -Stein’s answers
-Congressional preview
       -Stein’s and Ehrlichman’s role
       -Congressional breakfast
       -Wilbur D. Mills
       -Gerald R. Ford
       -Hugh Scott
       -William E. Timmons
       -Agriculture Committees
       -Butz
               -Enlistment
               -Stockpiles
                       -National security issue
                             -17-

    NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                      Tape Subject Log
                       (rev. Mar.-09)

                                              Conversation No. 836-7 (cont’d)

-Presidential statement
       -Ronald L. Ziegler
       -Drafting
                -Food prices
       -Economic forecast
                -1972, 1973, 1974
       -Threats to prosperity
                -Food prices
                -Congressional overspending
                        -Full employment budget
                        -Tax increases
                        -Impoundment
       -Economic forecast
                -1973, 1974
                -Unemployment
                -Congressional overspending
                -Consumer spending
                -Taxes
                -Full employment
                        -Deficit
                        -Inflation
                -Pierre Rinfret
                        -Economist
                        -Letter
                        -Controls
                -1973, 1974
-Federal Reserve System
       -Paul W. McCracken
       -Mills
       -Arthur F. Burns
                -1972 election
                -Discount rate
                -William McChesney Martin, Jr. syndrome
-Bragging
       -Charles W. Colson
       -New York Times financial section
                -1972 election
       -Republicans in Congress
       -Donald McL. Kendall
       -Business Council
                               -18-

    NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                       Tape Subject Log
                        (rev. Mar.-09)

                                             Conversation No. 836-7 (cont’d)

        -Businessmen for Nixon
        -Labor supporters
        -Stein’s economic report
-Unemployment
        -Joseph Barr
                -Former Treasury Secretary
        -Predictions
-1974 budget
        -Caspar W. (“Cap”) Weinberger
        -Deficits
        -Figures
        -Prediction
        -Revenues
-Press briefings
        -Herbert G. Klein
        -Economic writers
                -Luncheon
                -Chicago
                -Detroit
                -Los Angeles
                -Houston
                -Atlanta
                -St. Louis
                -Cleveland
                -Cincinnati
                -Columbus
                -Philadelphia
                -New York
        -Economic reports
        -Letter
                -Klein
                -Burns
                -Kendall
                -Peter J. Brennan
                        -Labor
-Economic report
        -Tape for broadcast
        -Public Relations [PR] effort
                -Colson
                -Congressional relations
                                               -19-

                    NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                         Tape Subject Log
                                          (rev. Mar.-09)

                                                                Conversation No. 836-7 (cont’d)

                                       -Impoundment
                                       -Overspending
                                       -Spending programs
                                              -Home for disabled veteran
                                       -Roy L. Ash
                                       -Generalities
                                              -Spending
                                                     -Taxes
                                                     -Prices
               -Economic forecast
                     -1973

       The President's birthday
              -Gift

       Commendations
            -Shultz

       Milton Friedman [?]
              -Health
              -Telephone call
                     -The President’s conversation

Stein and Ehrlichman left at 10:43 am.

Stephen B. Bull entered at an unknown time after 10:43 am.

       The President's schedule
              -Helmut Schmidt
                      -Finance Minister
                             -West Germany
                      -Vietnam settlement
                      -Europe
                             -Trade
                                     -Congressional leaders meeting

Shultz left at 10:44 am.

               -Maurice J. Williams
               -Kenneth R. Cole, Jr.
                                                -20-

                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                      Tape Subject Log
                                       (rev. Mar.-09)

                                                            Conversation No. 836-7 (cont’d)

              -Photograph session

Bull left at an unknown time before 10:45 am.