Nixon White House Tapes › Tape 96 › Conversation 096-004
Nixon, Cost of Living Council & Connally
Thursday, March 23, 1972 · 3:02 PM–3:56 PM ET · Cabinet Room · 1 hr 2 min
Audio
This clip was extracted from the full tape recording by Easy Nixon.
Listen to the full tape segment
part B, 29:28
096a.mp3
096b.mp3
NARA Description
On March 23, 1972, President Richard M. Nixon and members of the Cost of Living Council, including John B. Connally, Herbert Stein, Donald H. Rumsfeld, J. Philip Campbell, Peter G. Peterson, James D. Hodgson, George W. Romney, George P. Shultz, Gen. George A. Lincoln, Virginia H. Knauer, Arthur F. Burns, James W. McLane, Albert E. Abrahams, Joseph Mullaney, Marvin H. Kosters, Richard B. Cheney, James Connor, Richard J. Alfultis, Donald Smith, Clark MacGregor, William L. Gifford, Charles R. Perry, and the White House photographer, met in the Cabinet Room of the White House at an unknown time between 3:02 pm and 3:56 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 096-004 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 96-4
Date: March 23, 1972
Time: 3:02 pm - unknown before 3:56 pm
Location: Cabinet Room
The President met with John B. Connally, Herbert Stein, Donald H. Rumsfeld, J. Philip
Campbell, Peter G. Peterson, James D. Hodgson, George W. Romney, George P. Shultz, General
George A. Lincoln, Virginia H. Knauer, Arthur F. Burns, James W. McLane, Albert E.
Abrahams, Joseph Mullaney, Marvin H. Kosters, Richard B. Cheney, James Connor, Richard J.
Alfultis, Donald Smith, Clark MacGregor, William L. Gifford, and Charles R. Perry; the White
House photographer was present at the beginning of the meeting
[Recording begins while the conversation is in progress]
******************************************************************************
[Previous archivists categorized this section as unintelligible. It has been rereviewed and
released 08/22/2019.]
[Unintelligible]
[096-004-w001]
[Duration: 3m 21s]
The President
Greeting
Texas [?]
Head scratching
Priest [?]
[This portion of the tape is mostly tape noise with some muffled background conversation.]
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National economy
-US Department of Agriculture [USDA]
-Food prices
-Announcement
-Cattle
-Pay Board
-StructureShow the rest of the log (172 more lines)
-The President’s schedule
-Meeting
-Connally
-Shultz
-Rumsfeld
-Stein
-Pay Board
-Price Commission
-Members
-Public board
-Corporations
-Cost of Living Council [COLC]
-Politics
-Democratic candidates
-Pay Board
-Prices
-Leaders
-Public interest
-Private and public interest
-Cost of living
-Control
-Phase I and Phase II
-American people
-Wage earners
-Support
-Council
-Public statements
-Pay Board
-Members
-Role
-Success
-The President
-American Federation of Labor-Congress of Industrial Organizations
[AFL-CIO] convention
-Labor
-Cooperation
-Public board
-Wage-price controls
-Longshoremen
-Pay increase
-Percentage
-Interest of the American people
-Wage-price controls
-Food prices
-Increases
-Percentages
-Last six months
-Employment
-Real earnings
-Senators
-Press statements
-Pay Board
-White House
-Organized labor
-William L. Safire
-New York Times
-Inflation
-Bargaining
-Give and take
-Burns
-Dividends
-Guidelines
-Percentages
-Interest rates
-Mortgages
-Dividends
-Mortgage bankers
-Mandatory controls
-Congress
-Voluntary restraint
-Congress
-Burns
-Testimony before Congress
-Interest rates
-Student loans
-Automobiles
-Housing
-Money market rate
-Employment
-Food prices
-Wholesale prices
-Retail prices
-Wholesale and retail value
-Percentages
-Farm retail
-Value
-The farmer
-Benefits
-Secretary of Agriculture
-Farmers
-Farm prices
-World prices
-Increase in food prices
-Administration role
-Disposable income
-Eggs
-Meat
-Tricia Nixon Cox and Edward R. F. Cox
-Dinner
-The President
-Beef and chicken
-Connally’s neighbor
-Cost of food
-Farm costs
-Poultry and eggs
-Retail
-Profit margins
-The farmer
-Farm income
-Future
-August, 1972
-Farm prices
-Past compared with present
-Wholesale compared with retail
-Food prices
-Washington, DC
-Comparisons
-Politicians
-Food prices
-Concern
-Connally
-Food chains
-Farmers
-Controls
-Retail
-Rumsfeld
-Statement
-Connally
-Price of shoes
-Comparison
-Predictions
-USDA
-Department of Commerce
-Controls
-Prices
-Council on International Economic Policy
-Purchasing power
-COLC
-Price control
-Appropriations Committee
******************************************************************************
[Previous archivists categorized this section as unintelligible. It has been rereviewed and
released 08/22/2019.]
[Unintelligible]
[096-004-w002]
[Duration: 19s]
[Tape malfunction]
******************************************************************************
National economy
-Argentina
-Hoof-in-mouth disease
-Cattle
-Export control
-Prices
-Shoes
-Agreement
-David M. Kennedy
-Spain
-Exports
-Farmers
-Export controls
Recording ends at an unknown time before 3:56 pm, while the conversation is in progressTranscript (AI-generated)
No transcript is available yet for this conversation.
Also recorded on March 23, 1972
- 022-004 2:36 PM · 4 min — President Richard M. Nixon and William L. Safire talked on the telephone from 2:36 pm to 2:40 pm.
- 022-005 2:40 PM · 3 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 2:40 pm and 5:33 pm.
- 097-001 3:56 PM · 19 min — John B. Connally, George P. Shultz, Donald H. Rumsfeld, Richard B. Cheney, and unknown person(s) met in the Cabinet Room of the White House at an unknown time between 3:56 pm and 11:59 pm.
- 692-001 3:56 PM · 3 min — President Richard M. Nixon met in the Oval Office of the White House at an unknown time between 3:56 pm and 4:03 pm.
- 692-002 4:03 PM · 29 sec — President Richard M. Nixon and Ronald L. Ziegler met in the Oval Office of the White House from 4:03 pm to 5:04 pm.
- 692-003 4:08 PM · 54 min — President Richard M. Nixon, Marshall Green, John H. Holdridge, Alexander M. Haig, Jr., White House photographer, unknown person(s), White House photographer, Stephen B. Bull, and members of the press met in the Oval Office of the White House from 4:08 pm to 5:02 pm.
- 692-004 5:03 PM · 15 min — President Richard M. Nixon and Ronald L. Ziegler met in the Oval Office of the White House from 5:03 pm to 5:17 pm.
- 692-005 5:17 PM · 4 min — President Richard M. Nixon and Alexander P. Butterfield met in the Oval Office of the White House from 5:17 pm to 5:22 pm.
Cite this conversation
Conversation 096-004, March 23, 1972. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives (NAID 417174315). Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/096-004 (accessed November 2, 2026).