Conversation 493-014

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I love you.

and I have a busy day.

I said, no change.

I said, well, it's like, yeah, yeah, something like all that.

That's easy.

You know, I mean, but I've got more to talk about.

I'm going to go on Tuesday to Oregon and see the OPD.

And he's going to fight like hell.

They might just get the SSD back in the house.

I think that'll go right to the senators.

And then the way that has to work is that Maggie and Jackson

You've got to put in the cold turkey because you have three guys, you can't grow.

Tell me, the grants would say, look boss, we will, we're going to kill your lockheed unless you give a sentence.

Do you think so?

Tell me, tell me, what the, what does it do on the computer?

I noticed, I noticed my boss, Juan Luis, that the reason that many of our dollars are in trouble because of

You're taking a positive line.

Yes.

Yes, the place we have been.

I know you've been talking.

We've got goons of the Federal Reserve Bank in New York.

He's talking a little lovely.

The foreign exchange bankers, he's in our parts and all of us in the bank.

And basically, they're all saying we ought to have a parity.

We ought to keep this thing stable.

It ought to be fixed.

They don't know what the germs are going to be.

They're still not working on a statement.

that I may release, and I think I'm the call to order.

I should, in effect, just say that here's a statement I have released.

I will read to you, and it explains our situation.

There is no change, particularly of our position.

Thank you.

I don't think the dollar is as weak as they all talk about it.

and uh if we try to crank it down that folks they're going to tell everybody in europe and we cram it down everybody's going to say well the dollar is we in the united states where canada's got a floating exchange rate with us and has had for a year

they'll tell everybody, and then that will be an indication of weakness.

That's correct.

And I just don't think we ought to reflect that kind of weakness.

I just think we take a position that we're going to have our position negotiated.

It's a responsibility that we're going to have, and we're going to see who's going to negotiate it.

So that's the baseline.

You might have seen that right there.

That's the baseline.

That's the position.

I mean, for Christ's sakes, we're in Spain.

We're the worst.

We've cut 60% in the last two years.

It's not a big problem.

I think this international thing, the Washington thing, will overwhelm the wholesale prices, I think, to be my guess, although that's always all right.

So that's just my point.

I don't consider that policy to be what I think it is.

and I would bounce them in and say, isn't it a heavenly way to the agriculture?

Yes.

I did not, I didn't even open the way to where I think it did.

When I was, I had a restaurant in San Diego, and I said, look, we're going to bounce them down.

Inflation is still a problem.

We're still working on it.

We're going in the right direction.

Unemployment is still a problem.

We're working on it.

But I just think that, you know, we should instill, we should not, that we do not consider this a, I mean, we could say this points up, you might say this points up, but the President said Saturday that inflation is still a problem, but we are moving in the right direction.

And we're not going to live until we can.

We can't run this old deal of, you know, move on.

And it has a tendency to,

If you just die a thousand deaths, that's what the cowards always do.

Now, how was it every month, every ride?

That's the question.

What's the corridor look like?

Right?

Right.

Now, I'll take a very strong, positive line, but it probably has to do with the shield.

Yes, sir.

Yeah.

Well, I mean, it's great to see the presence of his first secretary, the presence of this woman.

I just want to be there.

and other major American industries are reaching a moment of truth.

And unless they become more responsible in their wage and price policies, they're not pricing themselves out in the world.

This is a problem with industry and labor.

And this is a problem not only in the field, we're not selecting it out, and it's not a problem not just labor, it's a problem of management of labor, management of its pricing policies.

Labor's wage demands have gotten to dip into account the fact that we are pricing ourselves out.

If you could refer to the Press Conference, would you refer to the drop in the market position?

Take 50% of steel.

20 years ago, we had 50% of the steel of the world.

Now we produce 20% of the steel of the world.

Now that's a hell of a number.

So let's get going.

20 years ago, the United States

share of steel production in the world since the 1950s was 47%.

Today it is 20%.

And in two years, the Japanese will pass this steel production.

The Japanese.

And we have got to have a steel industry in this country.

No great industrial power can afford to pay the bill to have a steel industry.

We want it to be there.

It must be healthy.

It must be strong.

It just can't be on the wall.

It has to be competitive.

What we're talking about is being competitive in the world.

Well, there's a lot of thinking in this administration about the future of America's competitive position.

We are caught up.

Let's understand.

We're not going to simply say the reason we speak out on matters of this earth is because

Thanks.

The Bank of America raised their fine rate.

They're probably asking about that.

I'm just going to raise it.

It's the same as I said before.

It's the same as what you said, Chase, and I didn't even start with you.

I just said this earlier.

I already expressed my disappointment at this fine rate increase.

I still feel the same way.

The main point is, let's have this administration

If you would head back down into us and actually be listening.

Hit with us, be in the sight of the angels.

By God, we're growing in restraints and we're growing in ourselves.

We're growing in ourselves.