Nixon White House Tapes — Conversation 278-057
Date: Thursday, September 16, 1971 at 11:48 AM
Participants: Nixon, Richard M. (President); Shultz, George P.
Recording device: Old Executive Office Building
Source: https://www.easynixon.org/tapes/278-057

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 Do not cite it as authoritative.

[0:01] Yeah.
[0:03] Yeah.
[0:04] George, one thing that I made, somebody may have started that.
[0:11] Stan, if you know, said the wage increases that based on productivity, and it would lead to a government administration .
[0:24] Now, actually, in my opinion,
[0:29] It's really well for all of our people not to say the damn thing about what we're doing.
[0:35] I mean, that's an option that I've got to make for Japanese people in case we have to create the uncertainty or the expectations that we need to actually create a conflict that we don't need to have.
[0:51] We're supposed to be talking to people.
[0:53] Yeah.
[0:53] I intend to say today that we're going to have, we will have an effective program.
[0:56] We will deal with both by wages and prices, particularly in the miniature industry.
[1:00] That's not a right thing to do.
[1:04] And that it will have deepening.
[1:06] I think we've gotten to say that.
[1:07] I don't think we can say that there's not going to be any sanctions.
[1:14] And that's all.
[1:15] That's all I'm going to say.
[1:18] Thank you.
[1:19] Well, what would you say on that?
[1:22] That represents one point of view.
[1:23] Yeah.
[1:24] Yeah.
[1:24] Yeah, that's right.
[1:30] Uh-huh.
[1:33] OK. All right.
[1:34] You'll deal with that subject?
[1:37] Yeah.
[1:37] Yeah.
[1:41] Yeah.
[1:41] Yeah.
[1:41] Sure.
[1:42] Well, I will knock it down.
[1:43] It's important to knock it down.
[1:46] I don't know.
[1:48] Yeah.
[1:49] Yeah.
[2:02] i i would just simply say i just think you better put out a memorandum around 15 around the middle of next month there should be no speculating forever as to what that decision will be
[2:22] Just to say that I understand and there will be great interest in it and there can be discussion but there should be no speculation as to what the President's decision will be.
[2:36] So that we will have, so that our continued consultations will have credibility and so that I will have had none of my options broken.
[2:50] Yeah, just put on something and come around and get out of here.
[2:57] Alright.