Conversation: 466-009
Prev:  466-008 Next: 466-010Start Date: 11-Mar-1971 12:26 PM
End Date: 11-Mar-1971 12:44 PM
Participants:
Nixon, Richard M. (President); Connally, John B.; Shultz, George P.; Nixon, Richard M. (President); Connally, John B.; Shultz, George P.; Recording Device: Oval Office
Full Tape Conversation Start Time: 03:09:15
Full Tape Conversation End Time: 03:28:26
NARA Description:
On March 11, 1971, President Richard M. Nixon, John B. Connally, and George P. Shultz met in the Oval Office of the White House from 12:26 pm to 12:44 pm. The Oval Office taping system captured this recording, which is known as Conversation 466-009 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 466-9 Date: March 11, 1971 Time: 12:26 pm - 12:44 pm Location: Oval Office The President met with John B. Connally and George P. Shultz Depreciations -Utilities -Connally’s position -Office of Management and Budget [OMB] position Budget -An announcement -Possible reduction of estimates of interest payments -Possible postponement -Connally’s view Utilities and manufacturing investments -Administration position -Interest rates 33 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -President’s view -David Packard Economy -Status -Confidence -Lockheed -President’s position Budget -Change in estimates Interest rates -Chase Manhattan Bank’s prime rate -Arthur F. Burns Budget -Connally and Shultz’s view -Cushion in estimates -Social Security increase -Senate action -Effect on budget -Burns’ previous testimony -Potential problems -Conflicting positions -Congress -Figures -Revenue sharing -Congress -Social Security -Burns -Quadriad meeting -Changes in position -1973 budget -Tax cut -Balanced budget -Importance President’s schedule -Williamsburg Welfare reforms 34 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -Shultz’s role -Administration proposals -Income -Time -Ronald W. Reagan’s experience in California -Social Security Connally’s previous breakfast with [Name unintelligible] Conv. No. 466-9 (cont.) -Discussion on budget -Tax reforms International monetary system -Forthcoming meeting between Connally and President -Balance of Payments -Outflows -West German currency -Effect on dollar Budget -President’s possible meeting with [Name unintelligible] -Connally’s view -[Unintelligible] -Burns’ position -Effect on Administration proposals -Connally and Shultz -Taxes -Options -Briefing paper -Instructions to Connally and Shultz -Connally’s forthcoming call to Peter M. Flanigan The President, Connally, and Shultz left at 12:44 pm