Nixon White House Tapes — Conversation 026-008
Date: Monday, June 26, 1972 at 11:45 AM
Participants: Nixon, Richard M. (President); Shultz, George P.; Nixon, Richard M. (President); Shultz, George P.
Recording device: White House Telephone
Source: https://www.easynixon.org/tapes/026-008

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 Do not cite it as authoritative.

[9:50] I'm Secretary Shultz, sir.
[9:51] Yeah.
[9:51] You are.
[9:53] Yeah.
[9:54] Morning, Mr. President.
[9:55] Uh, Justice, I'll just take a second, George, because Pete Flanagan can fill you in.
[9:58] I want to tell you that I've asked him to talk to you about
[10:02] his situation with regard to the votes in the World Bank, where McNamara is taking the position of making loans to Chile, to Iraq, to India after they just kicked us around, she has, and so forth and so on.
[10:19] I'm totally against all of those, and I just want you to know that I expect the Treasury Department, whoever you have, to take that line unless I give other instructions.
[10:29] In other words, the United States is to oppose loans to any country that expropriates.
[10:34] It is to oppose loans to any country that has kicked us around, as Mrs. Gandhi has.
[10:38] Is that clear?
[10:40] I'm just delighted to have that instruction.
[10:42] That is the position we have been on.
[10:43] Well, I thought so.
[10:44] The State Department has been clawing at us, and we just say, no, we don't see any evidence here.
[10:48] All right, when the State Department claws, I know that that's, I know John felt that way, and I know you, but I just want you to know.
[10:56] I told John that at one time, but now I'm telling you, and Pete has also talked about the organization thing, and he will talk to you about that, about our setting up an executive committee.
[11:04] Pete and Henry and I are talking here now.
[11:06] But Pete will fill you in on the whole thing, and you work it out, okay?
[11:11] Okay, sir.
[11:11] Fine.
[11:12] All right.
[11:13] All right.