Nixon White House Tapes — Conversation 248-018
Date: Wednesday, April 14, 1971 at 5:26 PM
Participants: Nixon, Richard M. (President); Buchanan, Patrick J.
Recording device: Old Executive Office Building
Source: https://www.easynixon.org/tapes/248-018

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 Do not cite it as authoritative.

[0:02] Yeah.
[0:04] Pat, I had a couple things that would, this minority enterprise thing, I had told that Congress should get me like some more, get about three or four dramatic figures like there were 12 car franchises when we came in, now there's 75.
[0:26] You've got about three different things that buy a hot dog stand out of 500.
[0:30] You see what I mean?
[0:32] Now, yeah, just take three or four that I can drop in.
[0:36] Second point, on the steel thing, I'd like to get some rather dramatic figures about the, our competitive position.
[0:46] I mean, just like, that our foreign markets, foreign, you know what I mean?
[0:53] That's no less so, but I want to show how
[0:56] that the American steel industry can price itself up on the market.
[1:03] That's that.
[1:04] Now, the third thing.
[1:07] On the economy, I think we could get some better pictures down there.
[1:13] Here's what I want.
[1:14] I want to say, for example, there are some very good pictures on, you could say, retail sales, automobile sales, housing stocks,
[1:26] and get me a number like 5%, 10%, put it in the automobile sales, retail sales, housing starts, the interest rates you've got in here, of course.
[1:41] But what we need is about Schultz.
[1:43] Try old Schultz and McCracken and see what those will come up with.
[1:49] In other words, about five strong points that I can mention regarding the economy when we show that we're not young.
[1:58] And, of course, you can lose the stock market as well.
[2:02] I mean, I think we're the most bull market in history.
[2:08] The number of shares that David is the biggest shareholder.
[2:14] the latest stock market.
[2:15] For example, the greatest first quarter in the history of the stock market after the shares.
[2:24] And also, it's gaining the stock market.
[2:27] And that, of course, affects 27 million people.
[2:31] But more, it's also an indication of things of confidence, an indication of confidence.
[2:38] People do not buy unless they expect the market to go down.
[2:42] And those things.
[2:43] Okay.
[2:44] Marker.