Conversation: 941-002
Prev:  941-001 Next: 941-003Start 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
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.