Nixon White House Tape 107 (August 8, 1972 – August 10, 1972)

Nixon, Weinberger & Stein

President Nixon met with a large group of Republican Congressional leaders to coordinate legislative strategy and discuss the administration's economic record ahead of the upcoming election. The conversation focused on countering Senator George McGovern's economic proposals, with the President and his advisors emphasizing that the administration's policies had fostered recovery, reduced inflation, and increased civilian employment. Key action items included distributing briefing materials to counter Democratic attacks, pushing for a government spending ceiling to avoid future tax increases, and planning strategy for upcoming votes on controversial appropriation bills and foreign aid legislation.

Nixon, Cost of Living Council & Shultz

President Nixon met with the Cost of Living Council to review the performance of his administration's economic stabilization program, including successes in lowering inflation and fostering rapid economic growth. The discussion emphasized the necessity of maintaining fiscal discipline through a proposed $250 billion federal spending ceiling to prevent future inflationary pressure. Participants also addressed specific challenges, particularly rising food prices and the potential impact of government spending on tax rates, while strategizing on how to communicate these economic gains to the public ahead of the election.