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.
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 AidConversation 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 Back to Top -Attendance at White House meetings
This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.