Conversation 007-022

On July 28, 1971, President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 6:19 pm and 8:42 pm. The White House Telephone taping system captured this recording, which is known as Conversation 007-022 of the White House Tapes.

Conversation No. 7-22

Date: July 28, 1971
Time: Unknown between 6:19 pm and 8:42 pm
Location: White House Telephone

The President talked with the White House operator.

     Requested a call to George P. Shultz

                                                                     Conv.
                                                                      Conversation
                                                                           No. 7-161
                                                                                   No.
                                                                                     (cont.)
                                                                                       7-23

Date: July 28, 1971
Time: 8:42 pm - 8:58 pm
Location: White House Telephone

The President talked with George P. Shultz.

     Shultz's and John B. Connally’s meeting with Senators
          -Wage-price policy
                -Davis-Bacon Act
                      -John G. Tower
          -Economic statistics
                -The President’s preparation for the Bohemian Grove
                -Labor costs in manufacturing
                      -Profits
                -Second quarter productivity figures
                -Retail and automobile sales
          -Connally
                -Politics
                -Support for the President
          -Clark MacGregor
          -Paul W. McCracken
          -International economics
          -Economic situation
                -Shultz's talk with H. R. (“Bob”) Haldeman and John D. Ehrlichman
                -Free market theory
                -Devaluation of the dollar
                -Gold supply
                 -International monetary experts
                      -Dwight D. Eisenhower
                -Gold supply
                      -Trade balance
                -United States compared to other countries
                      -Expansion

                      -Input
                -Depression
                      -Output
           -Speculation

Economy
    -Budget
    -Steel strike
          -Timing
          -Administration action
          -Compared with automobile strike
    -Connally briefing of House members
          -Jerome H. Jaffe briefing on drugs
                -Attendance
          -Timing
          -Leaders
                -Key spokesmen
    -Retail sales
    -Automobile sales

The President's schedule

Shultz's schedule
     -Meeting with steel industry management
            -Strike compared with settlement
                  -Aluminum cans
                  -Inflation
                  -Involvement by the President
                  -Inventories
                  -Effects of a strike
                  -Shoreham

The President's schedule

Economy
    -Statistics
          -Stock market
                -Arthur F. Burns
                -Jack R. Miller (?)
                      -Price review board
                -Positive statement by Burns

                           -Retail sales
          -Rail strike
                -Trucks
                       -Productivity
                -Administration action
                       -Congress