Nixon White House Tapes — Conversation 007-146
Date: Sunday, August 15, 1971 at 11:15 PM
Participants: Nixon, Richard M. (President); Rinfret, Pierre
Recording device: White House Telephone
Source: https://www.easynixon.org/tapes/007-146
National Archives Catalog: https://catalog.archives.gov/id/417189579 (NAID 417189579)

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Do not cite it as authoritative.

[0:01] Hi, how are you?
[0:04] Good evening, Mr. President.
[0:05] How are you, sir?
[0:06] I appreciated your comment.
[0:07] I just saw it on the wire.
[0:09] Well, I just think it's one of the most thrilling days, certainly in 50 years, not 40.
[0:15] Well, you know, you've been writing about this, and you probably were aware we've been working on this for about two or three months, but we had to hold everything close because if anything had come out on us, then we would have raised prices and run on the dollar and everything.
[0:29] We had to do it all at once, you know.
[0:31] You certainly did.
[0:36] I think you're going to get the reaction that you talked about.
[0:40] How will it be in the business community here at the ER?
[0:46] Very favorable.
[0:46] This is what they've been waiting for.
[0:48] They need the investment credit desk within some form.
[0:50] Right.
[0:50] They need the fact, the most critical fact is, believe it or not, your own personal involvement.
[0:53] Right.
[0:53] They need to know that.
[0:54] Right.
[0:54] They've been worried stiff about you at these conferences.
[0:56] Right.
[0:56] And Japanese.
[1:00] So that is a really good question.
[1:06] Right.
[1:08] And I see no hope.
[1:10] Well, we...
[1:10] I think tonight's talk and what you did on the gold front, the income tax thing, and the fact that you're going to propose more tax taxes, and that you're doing private enterprise in real hope, you're going to see the effect very rapidly, and I can very well say that.
[1:24] Well, we'll work on it.
[1:25] We're going to really dig in on this thing now.
[1:26] Well, I appreciate it.
[1:28] Connelly told me about the long talk he had with you and the rest.
[1:31] You can be sure you had a great influence on us.
[1:36] Well, thank you for saying that.
[1:39] We paid attention.
[1:39] Don't worry.
[1:40] Well, the only thing, as you well know, is I wrote to you sometime.
[1:41] Yeah, I know.
[1:42] It's my heart.
[1:42] It's you I want to be back in.
[1:43] Well, I appreciate it.
[1:45] We are...
[1:45] Now we've got to make it work, Pierre.
[1:48] Yes, sir.
[1:48] We will.
[1:49] And I give you my word, no more recommendations for my clients to raise their prices.
[1:53] Okay, boy.
[1:55] All right.
[1:55] Bye-bye.
[1:56] Thank you.
[1:57] Bye-bye.