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Conversation 035-147

TapeTape 35StartThursday, January 11, 1973 at 5:12 PMEndThursday, January 11, 1973 at 5:13 PMParticipantsNixon, Richard M. (President);  Shultz, George P.Recording deviceWhite House Telephone
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 IIIEconomic policyBusiness communityPierre RinfretInternational monetary affairsTrade
AudioNARA 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
Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

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.
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