Conversation: 483-016
Prev:  483-015 Next: 483-017Start Date: 20-Apr-1971 3:06 PM
End Date: 20-Apr-1971 3:34 PM
Participants:
Nixon, Richard M. (President); Shultz, George P.; Bull, Stephen B.; Recording Device: Oval Office
Full Tape Conversation Start Time: 02:43:54
Full Tape Conversation End Time: 03:10:25
NARA Description:
On April 20, 1971, President Richard M. Nixon, George P. Shultz, and Stephen B. Bull met in the Oval Office of the White House from 3:06 pm to 3:34 pm. The Oval Office taping system captured this recording, which is known as Conversation 483-016 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 483-16 Date: April 20, 1971 Time: 3:06 pm - 3:34 pm Location: Oval Office The President met with George P. Shultz. Schedule -John B. Connally Removal of Donald E. McLarnan -H.R. (“Bob”) Haldeman -Republican -Competence -Replacement -Career status -Possible appeal -Ronald W. Reagan -Loyalty -Charles W. Yost -Vita 46 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) ********************************************************************** BEGIN WITHDRAWN ITEM NO. 1 [Privacy] [Duration: 40s ] END WITHDRAWN ITEM NO. 1 Conv. No. 483-16 (cont.) ********************************************************************** -Acquaintance of President -Competence Social Security taxes -Issue -Budget -Wage base -Social Security bill -Wage base -Date -Increase in wage base -President’s statemnet on signing bill increasing social security benefits, March 17, 1971 -Impact -Maximum -Deduction -H.R. 1 -Alternatives -Committee's intent -Alternatives -Raise of wage base -Impact -1972 budget -Revenue -Further increase of wage base -Impact -Tax deductions -Income -Problem -Opinions 47 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -Herbert Stein -Murray L. Weidenbaum -Shultz -Connally -Paul W. McCracken -Connally -Inflation -Budget Conv. No. 483-16 (cont.) -Stein -McCracken -Shultz's conversation with Arthur F. Burns -Budget deficits -Wage-price board -Fiscal stimulus -Monetary policy -Tight -Economy -Economy -Consumer confidence -Possible administration policy -Social Security bill -President's position -Burns -Expanding economy versus fighting inflation Budget -Fiscal Year [FY] l972/1973 -Deficit Economy -Prospects -Federal Reserve Board [FRB] policy -Burns -Dollar -Administration's policy -Inflation Meetings -Administration's position -Wage and Means Committee -FY 1973 -Revenue 48 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -Congress Shultz's upcoming talk at Chicago Economic Club, April 22, 1971 -President's possible comments -Black tie -Schedule -Economic conditions -Slow down Conv. No. 483-16 (cont.) -Future perspective -Compared with 1954, 1958 -Recession -Pessimism -Stock market -Youth -Lack of interest in materialism -Avant-garde -Materialism -Cars -Radios -Liberals -Unemployment -Wages -Autos -Steel negotiations -Administration's possible position -Prospects -Price increases -Impact on US economy -Steel industry -Importance -Watershed -Dangers -Administration's concern -Productivity -Wage increase -United Steelworker of America [USWA] -Clint Hildon [sp?] and Joe Scammon -Rhetoric -Speech -Trade -US representatives abroad -Economic personnel 49 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) -American private enterprise -President's travels abroad -Peter G. Peterson -Council on International Economic Policy [CIEP] -US economic representatives abroad -Compared with other countries -Quality -US business abroad Conv. No. 483-16 (cont.) Economy -Wall Street -Confidence Stephen B. Bull entered at an unknown time after 3:06 pm. President’s schedule -Unknown apointment Bull left at an unknown time before 3:34 pm. -View from Washington/New York -Tone of rhetoric -Consumer psychology -Change -Improvement -Budget -Monetary policy -Football analogy -Administration policy -President's meeting with US Jaycees Bull entered at an unknown time after 3:06 pm. President’s schedule -Meeting with Clifford M. Hardin Bull left at an unknown time before 3:34 pm. Shultz's upcoming talk at Chicago economic club -Unemployment -Economy 50 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 9/08) Bull entered at 3:34 pm. Schedule -Press corps Bull left at 3:34 pm. Shultz's upcoming talk at Chicago economic club -Unemployment Conv. No. 483-16 (cont.) -Raymond K. Price, Jr. Shultz left at 3:34 pm.