President Nixon and H. R. Haldeman met to assess the overwhelmingly positive press coverage and market reaction following the administration’s recent economic policy announcements. The discussion focused on leveraging the current momentum, including potential political strategies for dealing with Democratic opponents and coordinating a strategic, unannounced visit to the New York Stock Exchange. Additionally, the President reviewed pending matters such as textile negotiations with Japan and decided against meeting with the Mayor of West Berlin to avoid political complications.
On August 16, 1971, President Richard M. Nixon, H. R. ("Bob") Haldeman, Manolo Sanchez, White House operator, Peter M. Flanigan, Dwight L. Chapin, and Alexander P. Butterfield met in the President's office in the Old Executive Office Building from 3:53 pm to 4:16 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 274-024 of the White House Tapes.
Nixon Library Finding AidConversation No. 274-24
Date: August 16, 1971
Time: 3:53 pm - 4:16 pm
Location: Executive Office Building
The President met with H. R. (“Bob”) Haldeman.
Call to Idanell (“Nellie”) Connally
-John B. Connally's press conference
-Connally
-Breakfast
-Rest
The President's schedule
-Golf
-Transportation
-Ronald L. Ziegler
-Press
-William P. Rogers
**********************************************************************
BEGIN WITHDRAWN ITEM NO. 2
[Personal Returnable]
[Duration: 4s ]
END WITHDRAWN ITEM NO. 2
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-Time
-Clubs
Economy
-Evening Star story about President’s initiatives
-Workers
-Stock exchange
-Wage and price curves
-Dollar floating
-Tax reductions
-Government employees
-George P. Shultz
-Another story
-Speech text
-Arthur F. Burns
-Wilbur D. Mills
-Extent of coverage
-Pictures
-Political effects
-People's Republic of China [PRC]
-Forthcoming visit
-Edmund S. Muskie
-Edward M. Kennedy
-PRC
-George Meany
-American Federation of Labor-Congress of Industrial Organizations
[AFL-CIO]
-John Kenneth Galbraith
-Dallas
-Muskie
-Henry M. ("Scoop") Jackson
-George S. McGovern
-Criticism
-Wage and price freeze
-Lyndon B. Johnson
-Dollar floating
-Jobs
-Big business
-Congress
-International money market
-Wage and price freeze
-Stock market reaction
-Business community reaction
-Congress
-Historical precedents
Manolo Sanchez entered at an unknown time after 3:53 pm.
Delivery of something
Sanchez left at an unknown time before 4:06 pm.
Economy
-Evening Star story
-Vance Hartke
-Congress
-View of President’s program
-Investment tax credit
Sanchez entered at an unknown time after 3:53 pm.
**********************************************************************
BEGIN WITHDRAWN ITEM NO. 3
[Personal Returnable]
[Duration: 58s ]
END WITHDRAWN ITEM NO. 3
**********************************************************************
Economy
-Evening Star story
-PRC
**********************************************************************
BEGIN WITHDRAWN ITEM NO. 4
[Personal Returnable]
[Duration: 2s ]
END WITHDRAWN ITEM NO. 4
**********************************************************************
Sanchez left at an unknown time before 4:06 pm.
Stock market
-Record
-Volume and gain
-Nixon dinner
The President's schedule
-New York
-President’s possible visit to stock market
Stock Market
-Peter M. Flanigan
-Bernard J. (“Bunny”) Lasker
Haldeman talked with the White House operator at an unknown time between 3:53 pm and 4:06
pm.
[Conversation No. 274-24A]
Request for a call to Flanigan
[End of telephone conversation]
The President's schedule
-New York
-President’s possible visit to stock market
Haldeman talked with Flanigan at an unknown time between 3:53 pm and 4:06 pm.
[Conversation No. 274-24B]
Flanigan's location
[End of telephone conversation]
Economy
-Stock market
-The President's schedule
-Announcement
-Stock exchange visit
-New York
-Speech
Haldeman talked with the White House operator at an unknown time between 3:53 pm and 4:06
pm.
[Conversation No. 274-24C]
Request for a call to Dwight L. Chapin
[End of telephone conversation]
Stock market visit
-Invitation
Haldeman talked with Chapin at an unknown time between 3:53 pm and 4:06 pm.
[Conversation No. 274-24D]
The President's schedule
-New York
-Announcement
-Time of departure
Alexander P. Butterfield entered at an unknown time between 3:53 pm and 4:06 pm.
Letter to President of Guinea
Butterfield left at an unknown time between 3:53 pm and 4:06 pm.
-Stock market
-Time
[End of telephone conversation]
Stock market visit
The President's schedule
-Meeting with legislation leaders, August 17, 1971
-Mayor Klaus Schutz of West Berlin
-Possible meeting
Japan
-Textile negotiations
-Peter G. Peterson
-Flanigan
-Shultz and Peterson
-Statement
-Rogers
-President’s involvement
-Meeting with Roger Milliken
-Harry S. Dent
-Peterson and John N. Mitchell
-Mitchell
Economy
-Stock market
-Record volume
Japan
-Textile negotiations
-Plan
-Camp David meeting
-Quotas
-President’s efforts
-Flanigan
-Milliken
-Textile board meeting
-Timing
-President’s schedule
-Forthcoming meeting with [Emperor of Japan] Hirohito
Haldeman left at 4:16 pm.This 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.