Conversation 082-004

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.

Conversation 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 pm

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.

or vote on option 2.
Questions that are needed.
Are you required to vote on option 2?
All those in favour, 6-5-2-9.
Aye.
Opposed, no.
The ayes had it.
Option 2 is amended.
Yes, it's adopted.
How do we vote on it to answer your questions?
Yn gyntaf, y peth cyntaf y byddwn i'n ei wneud yw hynny.
Yn gyntaf, y peth cyntaf y byddwn i'n ei wneud yw hynny.