Nixon White House Tapes — Conversation 042-031
Date: Tuesday, April 13, 1971 at 3:53 PM
Participants: Nixon, Richard M. (President); Shultz, George P.
Recording device: White House Telephone
Source: https://www.easynixon.org/tapes/042-031

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 Do not cite it as authoritative.

[0:00] Yeah.
[0:00] Mr. President, Mr. George Shultz.
[0:02] Yeah.
[0:04] All right.
[0:04] There you are.
[0:05] Hello.
[0:05] Mr. President, that first quarter increase is $28.5 billion.
[0:11] So we didn't quite get up to the 30 number.
[0:13] That's not bad.
[0:13] But we're still at a record increase.
[0:19] That's a record.
[0:20] Way above the Eckstein.
[0:22] Eckstein predicted 22.
[0:24] The forecast, 22, the highest around of the private sector.
[0:29] prognosticators has been around 27, so the highest of the prognosticators was 27, and it's long in that line, so we're higher than that.
[0:37] It came in higher than that, although you would hope 30 or something a little higher.
[0:42] Yeah.
[0:43] Well, that's pretty good.
[0:44] That's all right.
[0:45] That will probably be announced on Friday, possibly tomorrow, but I think Friday.
[0:48] Good.
[0:49] Good, George.
[0:50] All right.