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Conversation: 086-003

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Start Date: 15-Dec-1971 12:08 PM

End Date: 15-Dec-1971 1:22 PM

Participants:

Nixon, Richard M. (President)Mansfield, Michael J. ("Mike")Scott, HughTower, John G.Albert, Carl B.Boggs, [Thomas] HaleByrnes, John W.Ford, Gerald R.Patman, WrightWidnall, William B.Mills, Wilbur D.Connally, John B.McCracken, Paul W.Stein, HerbertPeterson, Peter G.Shultz, George P.Volcker, Paul A.Kissinger, Henry A.Scali, John A.MacGregor, ClarkTimmons, William E.Safire, William L.Samuels, NathanialSolomon, EzraWhite House photographer

Recording Device: Cabinet Room

086a.mp3

086b.mp3

NARA Description:

On December 15, 1971, President Richard M. Nixon and bipartisan Congressional leaders, including Michael J. ("Mike") Mansfield, Hugh Scott, John G. Tower, Carl B. Albert, [Thomas] Hale Boggs, John W. Byrnes, Gerald R. Ford, Wright Patman, William B. Widnall, Wilbur D. Mills, John B. Connally, Paul W. McCracken, Herbert Stein, Peter G. Peterson, George P. Shultz, Paul A. Volcker, Henry A. Kissinger, John A. Scali, Clark MacGregor, William E. Timmons, William L. Safire, Nathanial Samuels, Ezra Solomon, White House photographer, and members of the press, met in the Cabinet Room of the White House at an unknown time between 12:08 pm and 1:22 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 086-003 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 86-3

Date: December 15, 1971
Time: Unknown before 12:08 pm until 1:22 pm
Location: Cabinet Room

The President met with Michael J. (“Mike”) Mansfield, Hugh Scott, John G. Tower, Carl B.
Albert, [Thomas] Hale Boggs, John W. Byrnes, Gerald R. Ford, Wright Patman, William B.
Widnall, Wilbur D. Mills, John B. Connally, Paul W. McCracken, Herbert Stein, Peter G.
Peterson, George P. Shultz, Paul A. Volcker, Henry A. Kissinger, John A. Scali, Clark
MacGregor, William E. Timmons, William L. Safire, Nathanial Samuels, and Ezra Solomon; the
White House photographer and members of the press were present at the beginning of the
                                               3

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)



meeting
[Recording begins while the conversation is in progress]

     [General conversation/Unintelligible]

The President entered at 12:08 pm

     Greetings


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     President’s meeting with Georges J. R. Pompidou

[To listen to the segment (2m9s) declassified on 02/28/2002, please refer to RC# E-569.]

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     United States’ monetary policy
          -Inflation
          -Jobs
          -International Monetary Fund [IMF]
          -Passage of tax bill, August 15
                -Connally
                -Competitive position for United States’ goods
          -Volcker
                -Monetary crisis
          -Need for new monetary system
          -Burden-sharing, trade


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     International trade and economics

[To listen to the segment (1h16s) declassified on 02/28/2002, please refer to RC# E-569, E-
570.]

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                                               4

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                          (rev. 10/08)



     [General conversation/Unintelligible/Camera noise]

     Congressional schedule
         -House of Representatives
         -Senate
               -Defense Appropriation Bill
               -DC bill
               -Continuing Resolution

     State of the Union Address

     Presidential gifts
          -Money clips

     IMF negotiations sensitivity

     [General conversation/Unintelligible]

The President, et al. left at 1:22 pm