Nixon White House Tapes — Conversation 133-024
Date: Friday, June 9, 1972 at 10:29 AM
Participants: Nixon, Richard M. (President); Shultz, George P.
Recording device: Camp David Study Table
Source: https://www.easynixon.org/tapes/133-024

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Do not cite it as authoritative.

[0:00] Hello.
[0:00] Good morning, sir.
[0:01] Well, you had a pretty close shave, didn't you?
[0:03] Yeah.
[0:04] Just got by.
[0:05] I was glad to see that Dick wound up with fewer votes against him than predicted.
[0:11] Yeah, it was overwhelming, and a purely partisan vote, and not bad at that.
[0:15] All right, well, we thought we'd have a swearing-in for all three on Monday, have a cap, too, so that we can...
[0:26] start the week off with everybody in place great place right i see john erichman here shortly he's arriving back from stockholm yes i saw him this morning he was in figure out some ways to veto some environment bills now well we have to save some money someplace i don't know what we have a serious budget problem all right serious oh god it's unbelievable i've read all those stuff and uh of course if you when you look at the budget problem here
[0:57] They're figuring the outside, but we've got to realize the way that Congress goes, and unless we do veto these things, we could reach that outside number.
[1:06] Yes.
[1:06] $55 billion in 74, right?
[1:08] Right.
[1:10] That is a figure that can't be permitted to happen, but it's the sort of thing that... That's a figure that would happen, though, as I understand it, if we got revenue sharing and if we got welfare reform and if we got...
[1:24] the water bill and if we got all the other nutty things.
[1:28] That's right.
[1:30] Well, anyway, we'll see.
[1:31] We're glad you're through and that your people, your underlings are confirmed, so that's fine, too.
[1:38] Well, I think that we
[1:40] keep the show together until after the election over there and then you can then make changes that's right that's right but i've had several talks with voker on just what our stance is we put out a statement the day before yesterday in this gold business that you may or may not have seen but anyway we we uh took the occasion to say that uh the way this price is going it only
[2:04] shows further that the uh gold is not a suitable commodity for uh the basis of the monetary system yeah 66 dollars arthur won't like that much but anyway that's the fact of the matter well you have to you got volcker lined up though i think booker is uh he's tracking all right i've had some lengthy discussions where i don't agree with him i tell him and then i tell him to let's write out a paragraph now to say what it is that we're the position we're going to take right
[2:33] He's an able fellow.
[2:34] He's an able fellow, and he's a pragmatist, and he's trying to work a deal out.
[2:40] But we can't allow Arthur with his tenacity to force on us something that we can't live with.
[2:48] That's really what it gets down to.
[2:49] I think that's right.
[2:51] Well, anyway, have a good weekend.
[2:53] Thank you, sir.
[2:54] I appreciate the call.