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