Nixon White House Tapes — Conversation 040-074
Date: Wednesday, June 13, 1973 at 1:55 PM
Participants: Shultz, George P.; Nixon, Richard M. (President)
Recording device: White House Telephone
Source: https://www.easynixon.org/tapes/040-074

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 Do not cite it as authoritative.

[0:02] returning your calls.
[0:06] Yeah.
[0:06] Mr. President, George, I read your talking points.
[0:11] I think they're very good.
[0:12] The thing that I think that all of you should emphasize, you know, so as to make the news and all the rest, is the insanity of the across-the-board freeze, you know, going on forever and ever of
[0:32] wages, prices, rents, interest profits, that would bring on a recession.
[0:38] I would simply say that.
[0:40] They rejected that.
[0:42] They also rejected the idea of the status quo because we've got to do some things.
[0:46] And then on the rent thing, for whatever it's worth, I'd point out that the president, he made this decision because he's seen rent control abroad and in the United States and where you have it, it means slums.
[1:02] and a shortage of housing which uh we don't want but you know hit that very hard on the rent control also on that mr president um in the month after the phase three started the rents went up 0.5 in the month the next month 0.4 the next month 0.3 i saw your figures now they've come in nicely and that's why we don't have any your point is that
[1:26] You don't need rent control because rents are not a problem.
[1:30] Right.
[1:30] That's right.
[1:31] Except in certain isolated areas.
[1:32] Right.
[1:33] But the talking points are excellent, and just fight it out.
[1:37] Okay?
[1:37] Okay.
[1:38] All right, George.
[1:39] Very good, sir.