Conversation: 275-009
Prev:  275-008 Next: 275-010Start Date: 7-Sep-1971 12:56 PM
End Date: 7-Sep-1971 2:10 PM
Participants:
Nixon, Richard M. (President); Price, Raymond K., Jr.; Ehrlichman, John D.; Recording Device: Old Executive Office Building
Full Tape Conversation Start Time: 00:25:51
Full Tape Conversation End Time: 01:09:22
NARA Description:
On September 7, 1971, President Richard M. Nixon, Raymond K. Price, Jr., and John D. Ehrlichman met in the President's office in the Old Executive Office Building from 12:56 pm to 2:10 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 275-009 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 275-9 Date: September 7, 1971 Time: 12:56 pm - 2:10 pm Location: Executive Office Building The President met with Raymond K. Price, Jr. Draft of economic speech to Congress, September 9, 1971 -The President's perusal -John B. Connally -Cost of living -Comments and criticism -Revision -Line -Multiple use -Tax proposal -Tax cut -Revisions -Job development credit -Justification -Deletion of sentences -10% cut -Point previously made by Connally, Paul W. McCracken -Controversial nature of program -Working force -Points of speech 9 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 275-9 (cont.) -Business -Incentives, competition -Workers -Wage earners -Productivity -Making America competitive -World market -The President's August 15, 1971 address -Reiteration of arguments -New jobs -Number -Emphasis -Use of figures -Problems -Need -Proposals -Creation of 500,000 new jobs -Estimates -Congressional cooperation -Wording -90-day freeze -Five billion dollar spending cut -Creation of jobs -Tax reductions -Figures -Separation of Congressional and Presidential action -Explanation of actions -Sequence of actions ordered in August 15, 1971 speech -Freeze on wages and prices -International front -Revenue sharing and welfare reform -Status -Reduction in government cost -Reason -Cooperation from Congress -Restraint in budget expenditure -Tax cuts -Spending outs -Restraint of inflation -Rise in cost of government -Tax cuts 10 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 275-9 (cont.) -Postponement of effective dates of revenue sharing and welfare reform -Spending cuts -Reduction of government personnel -10% on foreign economic aid -Revenue sharing -Welfare reform -Tax reform -Proposed action -Priorities -August 15, 1971 speech -Congress -Enactment of tax proposals -Structure of speech -Postponement -Budget -Restraint -Postponement -Adjust budget -Prosperity without inflation -Second draft -Progress in international relations -Generation of peace -Poker analogy -Image -Perceptions -Harry S. Truman -The President's background -International context -Latin America -Japan -Forthcoming Japanese visit to Washington -Economic competition -National greatness -Poker game analogy -Use of theme -Use of images -Public memory -Public sacrifice, challenges -Focus of speech -"Blood, sweat, and tears" -Relation of phrase to the President's speech 11 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 275-9 (cont.) -Reality of situation -Structure of speech -Focus -Wage and price freeze -Spirit of American people -Cooperation -Cost of living -Challenges -Economic controls, free enterprise system -Input from Peter G. Peterson, John D. Ehrlichman -Creation of 100 million new jobs -Wage and price stabilization in post-freeze period -Control -Governmental role -Business -Labor -1980 -New jobs -Price’s conversation with unknown man -Application of technology to solve problems -Research and development as percentage of Gross National Product [GNP] -Compared with other countries -National Aeronautics and Space Administration [NASA] -Nuclear breeder reactors -Industry -Focus, planning -Free enterprise system -Japan -Planning of research and development -US position in the world -Successful US lunar landings -Application to economic problems -Congress -Cooperation -Wage and price controls -Program implementation -American work ethic -Perceptions of the good life -Wage earners, welfare recipients -State of the economy 12 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 275-9 (cont.) -Challenges -US position -Healthy economy, government -Congress -Postponement in reform implementation -The US and the world -Tariffs and quotas -Image of wall -Competition -Reaction to challenges -American past history -Discovery of New World -Space exploration -Image of wall -The US as a great power -Ehrlichman, George Shultz The President talked with Ehrlichman at an unknown time between 12:56 pm and 2:10 pm. [Conversation No. 275-9A] The President's speech on economic stabilization -Meeting with Price -Projections and goals -100 million jobs -Reform proposals -Tax cuts -Research and development -American accomplishment -Apollo program -Ehrlichman's possible meeting with Price -NASA -Forthcoming State of the Union address -Tax reform -Shultz -[Connally’s] recommendations -August 15, 1971 speech -Time factor -Ehrlichman's forthcoming conversation with Price -Connally -Scheduling 13 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 275-9 (cont.) [End of telephone conversation] Draft of economic speech -Congress -Tax bill -Competition -Inflation -Effects -Virus metaphor -Differentiation between ideas and programs -Tax reform -Creation of jobs -Use of technology to meet challenges -NASA -Wage and price stabilization -Way-station analogy -Tax reform -US competitive position in the world -Astronauts as symbol of accomplishment -Draft revisions -Forthcoming meeting with the President in the evening Price left at 2:10 pm.