President Nixon and Treasury Secretary John Connally discussed the strategic timing for rolling out upcoming economic policy initiatives while the President prepared for a vacation in San Clemente. The pair deliberated on how to manage external expectations and coordinate administrative messaging involving key advisors like Peter Peterson and George Shultz. They also briefly touched upon Connally's coordination with Federal Reserve Chairman Arthur Burns regarding the administration's fiscal goals.
On August 3, 1971, President Richard M. Nixon and John B. Connally met in the President's office in the Old Executive Office Building from 3:40 pm to 3:43 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 270-002 of the White House Tapes.
Nixon Library Finding AidConversation No. 270-2
Date: August 3, 1971
Time: 3:40 pm - 3:43 pm
Location: Executive Office Building
The President talked with John B. Connally.
National economy
-Proposed administration action
-Preparation
-Peter G. Peterson
-George P. Shultz
-Timing
-President's schedule
-San Clemente, California
-Vacation
-Timing
-Budget decision
-Arthur F. Burns
-Meeting with ConnallyThis transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.