On November 15, 1971, President Richard M. Nixon and members of the Cost of Living Council, including John B. Connally, Paul W. McCracken, Arthur F. Burns, J. Philip Campbell, Maurice H. Stans, James D. Hodgson, George W. Romney, George P. Shultz, Virginia H. Knauer, Gen. George A. Lincoln, Herbert Stein, Peter M. Flanigan, Joseph Mullaney, Earl D. Rhode, Richard B. Cheney, Albert E. Abrahams, Marvin H. Kosters, Joseph E. Malaga, Richard J. Alfultis, William I. ("Bill") Greener, Jr., James T. Lynn, Laurence H. Silberman, Donald A. Paarlberg, J. Charles Partee, Donald H. Rumsfeld, Dr. C. Jackson ("Dan") Grayson, Jr., George H. Boldt, and members of the press, met in the Cabinet Room of the White House at an unknown time between 12:00 am and 3:36 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 082-004 of the White House Tapes.
Nixon Library Finding AidConversation No. 082-004
Date: November 15, 1971
Time: Unknown between 12:00 am and 3:36 pm
Location: Cabinet Room
John B. Connally met with Paul W. McCracken, Arthur F. Burns, J. Philip Campbell, Maurice H.
Stans, James D. Hodgson, George W. Romney, George P. Shultz, Virginia H. Knauer, General
George A. Lincoln, Herbert Stein, Peter M. Flanigan, Joseph Mullaney, Earl D. Rhode, Richard
B. Cheney, Albert E. Abrahams, Marvin H. Kosters, Joseph E. Malaga, Richard J. Alfultis,
William I. Greener, Jr., James T. Lynn, Laurence H. Silberman, Donald A. Paarlberg, and J.
Charles Partee
National economy
-Price adjustments
-Vote
The President, Donald H. Rumsfeld, Dr. C. Jackson (“Dan”) Grayson, Jr., and George H. Boldt
entered at 2:02 pm; members of the press were present at the beginning of the meeting
National economy
-Cost of Living Council
-President’s schedule
-Connally
-Pay Board and Price Commission
-Accomplishments
-Success of the President’s program
-Prospects for 1972
-Phases I and II
-Television appearance
-Connally’s view
-The President’s program
-Roles of McCracken and Burns
-Success of Phase I
-Congressmen’s comments
-Movement into Phase II
-Rumsfeld
-Inflation
Pending continuing resolution
-Senate action
-Effect of non-passage
The President left at 2:13 pm
Vote on option 2
Question on option 2
Recording was cut off at an unknown time before 3:36 pmThis 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 Do not cite this transcript as authoritative.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.