Nixon White House Tapes › Tape 7 › Conversation 007-085

Nixon phone call with Connally on Economic Policy and Joint Chiefs of Staff

Tuesday, August 10, 1971 · 2:33 PM–2:37 PM ET · White House Telephone · 2 min

ParticipantsNixon, Richard M. (President); Connally, John B.Conversation007-085 on Tape 7 (tape position 03:02:20–03:04:39)StartTuesday, August 10, 1971 at 2:33 PMEndTuesday, August 10, 1971 at 2:37 PMRecording deviceWhite House TelephoneSourceNixon Library record for 007-085 ↗

AI Summary

President Nixon and Treasury Secretary John Connally discussed the status of ongoing economic pressures and Connally's travel plans. Nixon emphasized the importance of consulting with the Joint Chiefs of Staff regarding military budget allocations before finalizing the administration's fiscal planning. Both parties agreed that Connally should proceed with his scheduled trip, as he remained easily reachable by telephone to manage economic developments.

Audio

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Transcript (AI-generated)

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Names and numbers are often wrong; speakers are not identified. Do not cite it as authoritative — verify against the audio and the finding aid.

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Hello?
Yes, sir.
Well, what's the report today?
Things are still not good.
They're much quieter than they were yesterday.
Tell me this, you're going to go on with your plan then, are you?
I think so.
Good.
I can always be back in three hours.
Of course, of course.
So I think I will.
You'll go late this afternoon then?
Yes, sir.
Late this afternoon?
Yes, sir.
Good.
Unless you want something else, and I'll be delighted to.
Oh, sir, no.
The only thing that I wanted you to take a look at was to have the Joint Chiefs.
I'm doing that now.
Oh, good.
It's very important.
I want to, before we make the final budget thing, I want to.
to talk with you about it.
Roger.
We're just finishing now.
Good, good.
It's quite, quite shakes you up a bit, doesn't it?
Yes, sir.
Yeah.
Sure as hell does.
Okay, well then let's leave her just like that.
We'll, and you go on and I'll,
I'll see there's no run of the damn bank while you're here.
I'll be here another ten days.
I'll be here another week, I mean.
All right, sir.
I'll be in touch with him every several hours.
But, you know, as a matter of fact, there's no need to stay because, as you say, you're three hours away and you're a second away on the telephone.
That's right.
Okay.
All right, sir.
Have a good trip.
Thank you, sir.

NARA Description

On August 10, 1971, President Richard M. Nixon and John B. Connally talked on the telephone from 2:33 pm to 2:37 pm. The White House Telephone taping system captured this recording, which is known as Conversation 007-085 of the White House Tapes.

Nixon Library Finding Aid

Conversation No. 7-85

Date: August 10, 1971
Time: 2:33 pm - 2:37 pm
Location: White House Telephone

The President talked with John B. Connally.

[See Conversation No. 558-16]

     Economy

**********************************************************************

[Previous National Security (B) withdrawal reviewed under MDR guidelines case number
LPRN-T-MDR-2014-012. Segment declassified on 08/09/2019. Archivist: DR]
[National Security]
[007-085-w001]
[Duration: 1m 2s]

     Economy
         -Swiss action
              -125 million
         -French action
              -25 million
         -Improvement
         -Stability
**********************************************************************

     Connally's schedule

     Joint Chiefs of Staff

     Budget meeting

Also recorded on August 10, 1971

  • 559-014 2:31 PM · 4 min — President Richard M. Nixon, Alexander P. Butterfield, Stephen B. Bull, and unknown person(s) met in the Oval Office of the White House at an unknown time between 2:31 pm and 2:33 pm.
  • 559-015 2:31 PM · 6 sec — President Richard M. Nixon and the White House operator met in the Oval Office of the White House at an unknown time between 2:31 pm and 2:33 pm.
  • 559-016 2:33 PM · 2 min — President Richard M. Nixon and John B. Connally met in the Oval Office of the White House from 2:33 pm to 2:37 pm.
  • 559-017 2:37 PM · 27 sec — President Richard M. Nixon and Alexander P. Butterfield met in the Oval Office of the White House at an unknown time between 2:37 pm and 2:38 pm.
  • 559-018 2:38 PM · 9 min — President Richard M. Nixon, Kenneth R. Cole, Jr., and George P. Shultz met in the Oval Office of the White House from 2:38 pm to 2:46 pm.
  • 559-019 2:46 PM · 2 min — President Richard M. Nixon and Rose Mary Woods met in the Oval Office of the White House at an unknown time between 2:46 pm and 2:59 pm.
  • 559-020 2:46 PM · 13 sec — President Richard M. Nixon and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 2:46 pm and 2:59 pm.
  • 559-021 2:59 PM · 21 min — President Richard M. Nixon, Mrs. Paul Harvey, Harry S. Dent, and White House photographer met in the Oval Office of the White House from 2:59 pm to 3:19 pm.

All 40 conversations from August 10, 1971 →

Cite this conversation

Conversation 007-085, August 10, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/007-085 (accessed October 9, 2026).