Nixon White House Tapes › Tape 35 › Conversation 035-147

Nixon phone call with Shultz on Phase III and Economic policy

Thursday, January 11, 1973 · 5:12 PM–5:13 PM ET · White House Telephone · 2 min

ParticipantsNixon, Richard M. (President); Shultz, George P.Conversation035-147 on Tape 35StartThursday, January 11, 1973 at 5:12 PMEndThursday, January 11, 1973 at 5:13 PMRecording deviceWhite House TelephoneSourceNixon Library record for 035-147 ↗

AI Summary

President Nixon and George Shultz reviewed the favorable reaction from the business community regarding the administration's new Phase III economic announcement. Shultz reported on his meeting with economist Pierre Rinfret, noting that the policy aligned with Rinfret's previous recommendations. Nixon requested that Shultz convey his personal appreciation to Rinfret and specifically asked that Rinfret continue to publicly support the economic plan.

  • Phase III
  • Economic policy
  • Business community
  • Pierre Rinfret
  • International monetary affairs
  • Trade

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 Do not cite it as authoritative — verify against the audio and the finding aid.

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oh yes mr president i was just talking to fred dent on the phone he said that there were very good reactions in the business community on your statement and ron was i thought it was went over extremely well so i thought at the end of the day you'd like to have something good to take and tell your kids well thank you very much mr president not that you need it i mean you're you you know you're good already don't you professors are very confident
I'm sitting here, Mr. President, with your friend Pierre Renfray.
Oh, good.
What did he think of the announcement?
Well, of course, it is very much along the lines of his recommendations to you and I.
Would you be sure to tell him that I did read his letter and sent it over to you?
I did read that, and we're going to...
I spent a little time talking about trade problems, and I know I talk about them.
Also, anything he's interested in, tell him in International Monetary at a later time.
In the meantime, if you would pass on to him my regards and tell him I hope he makes a speech saying he likes this.
Okay, I'll tell him.
He did last night.
Oh, he already did.
He was not in a position to say what we were going to do, but he kind of...
Tell him that.
Tell him that.
I figured it.
Tell him that.
A lot of people tell him that.
I said a lot of people listen to him because he's been often so right when others have been wrong.
Okay?
Okay.
All right.
Yes, sir.

NARA Description

On January 11, 1973, President Richard M. Nixon and George P. Shultz talked on the telephone from 5:12 pm to 5:13 pm. The White House Telephone taping system captured this recording, which is known as Conversation 035-147 of the White House Tapes.

Nixon Library Finding Aid

Conversation No. 35-147

Date: January 11, 1973
Time: 5:12 pm - 5:13 pm
Location: White House Telephone

The President talked with George P. Shultz.

[See Conversation No. 401-31/402-1I]

       The President's conversation with Frederick B. Dent
            -Shultz's announcement on Phase III
                  -Response of business community
                  -Ronald L. Ziegler’s view

       Pierre Rinfret
             -Current meeting with Shultz
             -View of Phase III
             -Letter to the President
             -Trade problems
             -International monetary affairs
             -Message from the President
                   -Rinfret’s speech supporting Phase III

Also recorded on January 11, 1973

  • 035-142 4:35 PM · 15 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 4:35 pm and 5:02 pm.
  • 402-001 4:35 PM · 41 min — President Richard M. Nixon, H. R. ("Bob") Haldeman, William T. Kendall, White House operator, Manolo Sanchez, Claude S. Brinegar, Harry S. Dent, George P. Shultz, and Ronald L. Ziegler met in the President's office in the Old Executive Office Building at an unknown time between 4:35 pm and 5:30 pm.
  • 035-143 5:02 PM · 41 sec — President Richard M. Nixon and Christopher S. Bond talked on the telephone from 5:02 pm to 5:03 pm.
  • 035-144 5:03 PM · 15 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 5:03 pm and 5:10 pm.
  • 035-145 5:10 PM · 1 min — President Richard M. Nixon and Frederick B. Dent talked on the telephone from 5:10 pm to 5:11 pm.
  • 035-146 5:11 PM · 10 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 5:11 pm and 5:12 pm.
  • 035-148 5:30 PM · 19 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 5:30 pm and 6:07 pm.
  • 035-149 6:07 PM · 2 min — President Richard M. Nixon and H. R. ("Bob") Haldeman talked on the telephone from 6:07 pm to 6:10 pm.

All 63 conversations from January 11, 1973 →

Cite this conversation

Conversation 035-147, January 11, 1973. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/035-147 (accessed October 1, 2026).