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Conversation: 941-002

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Start Date: 14-Jun-1973 2:06 PM

End Date: 14-Jun-1973 2:55 PM

Participants:

Nixon, Richard M. (President)Shultz, George P.Bull, Stephen B.

Recording Device: Oval Office

941-002.mp3

NARA Description:

On June 14, 1973, President Richard M. Nixon, George P. Shultz, and Stephen B. Bull met in the Oval Office of the White House from 2:06 pm to 2:55 pm. The Oval Office taping system captured this recording, which is known as Conversation 941-002 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 941-2

Date: June 14, 1973
Time: 2:06 pm - 2:55 pm
Location: Oval Office

The President met with George P. Shultz.

     National economy
          -President’s speech, June 13, 1973 

                -Response         

                -Rhetoric       

                      -Performance         

                      -Free market       

                      -Goals        

                -Need for Congressional action
                      -Spending, farm bills, surplus, commodities authority
          -Labor       

                -Responsibility, responsiveness        

                -Fitzsimmons’s telephone call to President 

                      -Negotiations        

          -President’s program

                                       -2-

            NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                               Tape Subject Log
                                (rev. July-2012)

                                                         Conversation No. 941-2 (cont’d)

           -Implementation
                -Regulations       

                     -Effectiveness       

                     -Sensibility       

           -Compared to Phase II
                -Food and gas prices
                     -Possibility of turnaround after 60-day price freeze

Personnel appointments and management
     -Shultz      

           -Tenure in office          

           -Fondness for President                 

                 -Approval          

                 -Support         

           -Watergate        

                 -Shultz’s fury            

                 -H. R. (“Bob”) Haldeman, John D. Ehrlichman 

           -President’s confidence
           -Relationships         

                 -Ehrlichman, Haldeman                 

                 -Roy L. Ash             

                 -Melvin R. Laird                

                       -Style          

           -Friends’ potential appointment to White House 

                 -Request for Shultz’s opinion of White House
                       -Walter B. Wriston
                       -Steve Benkel [?]
                       -Peter G. Peterson
                       -Edward W. Carter
                               -Assistant to President   

                 -Clean energy position              

                       -Benkel [?]              

     -White House staff         

           -William W. Scranton                

     -National economy          

           -Shultz’s view         

                 -Price controls             

                                   -3-

       NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                           Tape Subject Log
                            (rev. July-2012)

                                                    Conversation No. 941-2 (cont’d)

      -Possible Congressional action             

      -President’s plan         

            -Shultz’s role           

      -Shultz’s role       

            -Credibility as manager or price controls program

            -Advocate          

            -Witness in Congress             

-Shultz
      -Departure
            -President’s objectives
                  -Objection to price controls       

      -Appreciation for post           

      -Relationship with President             

      -Departure       

            -Consultant role
                  -Impact on price controls program

      -Paul W. McCracken [?]               

      -Departure       

            -Shared reasons with President
-White House staff relations
      -Laird
      -Alexander M. Haig, Jr.
      -Ash
            -Departures of Haldeman and Ehrlichman          

      -Laird       

      -Bryce N. Harlow            

            -Spiro T. Agnew              

      -Laird       

-Shultz
      -Price controls
      -Interviews
            -Trade, taxes           

      -Treasury Department             

      -Price controls        

            -William E. Simon’s opposition         

            -Credibility of congressional testimony       

      -Departure       

                                                -4-


                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM 


                                        Tape Subject Log 

                                         (rev. July-2012)

                                                                Conversation No. 941-2 (cont’d)

                         -Attribution to Watergate
                         -Difficulty
                         -Trade role
                               -Peter M. Flanigan [?]
                               -Peterson
                 -Role
                       -Trade and tax legislation
                       -Price controls legislative program
                       -Labor leaders
                             -Peter J. Brennan
                       -Laird
                             -Congressional deal making
                                   -Vetoes
                                          -Farm, veteran legislation
                       -Trade legislation
                       -Labor leaders
                             -Brennan
                             -President’s relationship
                             -George Meany [?]
                       -Simon
                       -John T. Dunlop
           -Energy czar
                 -Treasury Department role
                 -Rogers C. B. Morton role
                 -State Department role
                 -Defense Department role
                 -Possible Congressional action
           -Shultz      

                 -World travel       


Stephen B. Bull entered at an unknown time after 2:06 pm.

     Telephone call from Hobart D. (“Hobe”) Lewis

Bull left at an unknown time before 2:55 pm.

     Personnel appointments and management
                                 -5-

       NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                          Tape Subject Log
                           (rev. July-2012)

                                                  Conversation No. 941-2 (cont’d)

-Shultz
      -Trade, tax, economic philosophy
      -President’s recent price control decision
            -Congressional testimony           

                   -Dunlop        

      -“Year of Europe”         

            -Trade       

                   -Arthur F. Burns        

                   -Soviet Union        

      -Trade        

      -Taxes        

      -General management of Treasury Department 

      -Energy advisor         

      -Wages and prices         

      -Advice and advocacy          

            -Dunlop
                   -Interaction with Labor       

                         -Leonard Garment [?]      

                         -Brennan        

      -Labor        

            -Laird’s relationship with Meany       

      -Shultz’s press conference in Paris 

            -Laird’s statements       

                   -Wage-price program

                   -Monetary policy          

-Laird
      -Conversation with Haig concerning statements
      -Power
      -Statements
            -Monetary policy
-White House staffing
      -Haig’s role
      -Henry A. Kissinger’s role
      -Laird’s role
            -Domestic Council         

      -Harlow’s role        

      -Shultz       

                                        -6-

            NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                 Tape Subject Log
                                  (rev. July-2012)

                                                         Conversation No. 941-2 (cont’d)

           -Ash        

                 -Views on vetoes          

                         -President’s conversation with Haig       

                 -Rigidity        

     -Harlow       

           -Ally for Shultz         

           -View on policy           

                 -Office of Management and Budget [OMB]’s role
                 -Role of departments
                 -Domestic Council
     -Cabinet        

           -Shultz        

                 -Skills, importance         

           -Frederick B. Dent          

           -Brennan           

           -Claude S. Brinegar           

           -Shultz        

                 -Scope, understanding, breadth
     -White House staffing           

           -President’s conversation with Haig         

           -Harlow          

           -Scranton           

                 -Credibility with governors, political leaders, press
                 -Governorship
                 -Mary Scranton
                 -Mother
                 -Energy position
                         -Coal, oil knowledge
                         -Middle East trips
                         -Simon, Morton, State Department representative, Charles J.
                           DiBona

Energy
     -Treasury Department role
     -Morton
           -White House role       

     -Economics      

                                        -7-

            NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                Tape Subject Log
                                 (rev. July-2012)

                                                         Conversation No. 941-2 (cont’d)

     -Politics       

            -Alaskan pipline, taxes, and Middle East 

     -Morton’s view          

            -Interior Department        

            -Elk Hills       

     -Atomic Energy Commission [AEC] 

            -Elliot L. Richardson [?]

                   -Nuclear energy        

     -Organization         

            -Energy research group          

                   -Funding       

                         -Ash       

                         -Energy message        

     -Funding          

            -President’s speech at Florida Technical Institute 

            -Distribution      

                   -Massachusetts Institute of Technology [MIT], Stanford University,
                    University of Chicago, Florida Technical Institute
                   -Ash
                   -Caspar W. (“Cap”) Weinberger

Personnel appointments and management
     -Importance of Shultz’s retention
     -Harlow
     -Laird
     -Ash
     -Shultz
           -Relationship with John D. Ehrlichman and H. R. (“Bob”) Haldeman
           -Relationship with President
           -Abilities
           -National economy
                 -Herbert Stein
                 -Burns       

                       -Federal Reserve      

                       -Views on President’s program

                             -Price freeze
                             -Wages
                                       -8-

             NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                               Tape Subject Log
                                (rev. July-2012)

                                                        Conversation No. 941-2 (cont’d)

                       -Possible Congressional action on taxes
           -President’s schedule       

                 -Leonid I. Brezhnev        

                 -Follow up meeting        

                 -California     

           -Departure from Administration         

                 -Haig       

                 -Wage and price controls       

                       -Ideological statement
                       -Burns
           -President’s schedule       

                 -Rest after Brezhnev’s visit       

                 -Shultz meeting in California        

                       -Date      

           -President’s persuasiveness        

                 -Letter       


National economy
     -Burns        

           -Possible statements       

           -Views        

                  -Gasoline price controls      

           -Relationship with Shultz        

                  -International monetary issues   

           -President’s schedule        

           -Success in influencing policy       

                  -Gold       

                  -Gasoline prices        

                  -Labor        

     -Labor negotiations          

           -Inflation      

           -International Brotherhood of Teamsters      

           -United Auto Workers [UAW]

                  -Wage formula         

           -Postal Service          

     -Shultz’s forthcoming activities       

                                              -9-


                   NIXON PRESIDENTIAL LIBRARY AND MUSEUM 


                                      Tape Subject Log 

                                       (rev. July-2012)

                                                           Conversation No. 941-2 (cont’d)

     President’s schedule     

           -Conversation with Haig        


     Shultz’s schedule       

           -Tennis, golf         

           -Meany        


     President’s schedule       

           -Diplomatic credentials       

           -Brezhnev        

                 -Shultz’s attendance at State Dinner 

                 -Earl L. Butz      

                 -Businessmen       


Shultz left at an unknown time before 2:55 pm.