Nixon White House Tapes › Tape 2 › Conversation 002-123
Nixon phone call with Connally on Economic Policy and International Relations
Friday, May 7, 1971 · 4:39 PM–4:47 PM ET · White House Telephone · 3 min
AI Summary
President Nixon and Treasury Secretary John Connally discussed the administration’s economic strategy, specifically addressing international reactions to U.S. dollar policy and domestic inflation concerns. The conversation covered Connally's recent consultations with foreign ambassadors and domestic business leaders, as well as legislative preparations for revenue sharing and the status of the Supersonic Transport (SST) project. The two coordinated their upcoming schedules to ensure alignment on fiscal policy and further communication with key congressional figures like Wilbur D. Mills.
Audio
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Position in tape: 04:31:36 – 04:38:54
Transcript (AI-generated)
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NARA Description
On May 7, 1971, President Richard M. Nixon and John B. Connally talked on the telephone from 4:39 pm to 4:47 pm. The White House Telephone taping system captured this recording, which is known as Conversation 002-123 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 2-123
Date: May 7, 1971
Time: 4:39 pm - 4:47 pm
Location: White House Telephone
The President talked with John B. Connally.
[See Conversation No. 495-26A]
Connally's statement on the dollar
-Arthur F. Burns
-Paul W. McCracken
-American business community
-Confidence
-Inflation
-Administration's response
-European reaction
-Spanish Ambassador's conversation with Connally
-French and German reaction
-President's policies
David Packard
-H. R. (“Bob”) Haldeman
-Connally's conversation with Packard
President's meeting with George Meany
-Supersonic Transport [SST] and Lockheed
Connally's conversation with George P. Shultz
-Revenue sharing
-Forthcoming hearings before House Committee
-Wilbur D. Mills
-Administration's plans
Connally's schedule
-Europe
-Meeting with President May 8, 1971
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Richard Nixon Presidential Library and Museum, NARA Online Public Access Catalog Identifier: 597542
-Attendance at White House meetingsAlso recorded on May 7, 1971
- 495-022 4:14 PM · 59 sec — President Richard M. Nixon and Ronald L. Ziegler met in the Oval Office of the White House from 4:14 pm to 4:15 pm.
- 495-023 4:16 PM · 16 min — President Richard M. Nixon, Ernest V. Siracusa, and Alexander M. Haig, Jr. met in the Oval Office of the White House from 4:16 pm to 4:32 pm.
- 002-122 4:32 PM · 5 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 4:32 pm and 4:33 pm.
- 495-024 4:32 PM · 3 sec — President Richard M. Nixon and the White House operator met in the Oval Office of the White House at an unknown time between 4:32 pm and 4:33 pm.
- 495-025 4:32 PM · 10 sec — President Richard M. Nixon and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 4:32 pm and 4:33 pm.
- 495-026 4:33 PM · 1 hr 16 min — President Richard M. Nixon, John N. Mitchell, John B. Connally, and Alexander P. Butterfield met in the Oval Office of the White House from 4:33 pm to 5:53 pm.
- 495-027 5:53 PM · 15 min — President Richard M. Nixon and H. R. ("Bob") Haldeman met in the Oval Office of the White House from 5:53 pm to 6:17 pm.
- 495-028 6:17 PM · 15 sec — President Richard M. Nixon and Andrey Pontier met in the Oval Office of the White House at 6:17 pm.
Cite this conversation
Conversation 002-123, May 7, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/002-123 (accessed October 3, 2026).