Nixon White House Tapes › Tape 500 › Conversation 500-034
Nixon, Haldeman & Kissinger on Economic Policy and Labor Relations
Tuesday, May 18, 1971 · 6:38 PM–6:49 PM ET · Oval Office · 12 min
AI Summary
President Nixon met with H.R. Haldeman, Henry Kissinger, George Shultz, and others to discuss recent legislative developments, specifically the House progress on a manpower revenue-sharing bill and the resolution of an impending rail strike. The group reviewed the President's recent meeting with business leaders, focusing on his stance on free trade and domestic economic priorities. Additionally, Nixon emphasized his refusal to be pressured into reactive international monetary policy changes and authorized the initiation of a new intelligence program.
- Economic Policy
- Labor Relations
- Rail Strike
- Revenue Sharing
- International Monetary Policy
- Intelligence Program
Audio
Transcript (AI-generated)
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NARA Description
On May 18, 1971, President Richard M. Nixon, H. R. ("Bob") Haldeman, Alexander P. Butterfield, Stephen B. Bull, Henry A. Kissinger, and George P. Shultz met in the Oval Office of the White House from 6:38 pm to 6:49 pm. The Oval Office taping system captured this recording, which is known as Conversation 500-034 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 500-34
Date: May 18, 1971
Time: 6:38 pm - 6:49 pm
Location: Oval Office
The President met with H.R. (“Bob”) Haldeman and Alexander P. Butterfield.
President's schedule
-President's previous interview
-Sequoia
-Arrangements
-Transportation
Butterfield left at an unknown time before 6:40 pm.
Congress
-Vote on Emergency Unemployment Bill
-Vote on revenue sharing measure
-Manpower Special Revenue Sharing
-House of Representatives
President's schedule
-Meetings with George P. Shultz, Paul W. McCracken, James D. Hodgson
Stephen B. Bull entered at an unknown time after 6:40 pm.
-Sequoia
-Charles W. Colson, John D. Ehrlichman
-Car
-Shultz
-Information on railroad strike
Bull left at an unknown time before 6:48 pm.
-Meeting
-McCracken's schedule
-Shultz
-Hodgson
-McCracken’s memorandum on construction
-Discussion
Shultz entered at an unknown time after 6:40 pm.
-McCracken's schedule
-McCracken's memorandum
-President's possible action
-Shultz’s view
-Agreed-upon increases
-Possible private board action
-Possible union response
-Board makeup
-Government role
-Possible discussion with McCracken
Railroad strike
-McCracken, Hodgson, and Shultz
-Possible settlement
-Congress
-House and Senate
-Jacob K. Javits
-Board
-Moratorium dates
-Increases
-Possible compromise
-Javits, Michael J. (“Mike”) Mansfield, Carl B. Albert
President's interview with business editors
-Herbert G. Klein
-Issues discussed
-Domestic economy
-Trade policy
-President's position
Railroad strike
-House action on wage package
-Harley O. Staggers
-Wage package and date
-Board recommendation
-Javits’ proposal
-President's action
President's meeting with business editors
-Issues raised
-Peter G. Peterson's report
-Antitrust and tax review
-American spirit
-Trade policy
-The President’s view
-Free trade
-Relation to American spirit
-Peterson's forthcoming presentation
-John B. Connally[?]
-Position of the dollar
-The President’s concern
-US economy
-Arthur F. Burns
-Milton Friedman's Article, "The Mark Crisis"
-International monetary conference
**********************************************************************
[Previous National Security (B) withdrawal reviewed under MDR guidelines case number
LPRN-T-MDR-2014-025. Segment declassified on 04/12/2019. Archivist: DR]
[National Security]
[500-034-w001]
[Duration: 22s]
President's meeting with business editors
-Issues raised
-Position of the dollar
-International monetary conference
-Treasury Department
-Dutch, Swiss, and Danish
-The President’s opinion
-Henry A. Kissinger
**********************************************************************
Railroad strike
-Possible settlement
Kissinger entered at 6:48 pm.
Shultz’s meeting with the President’s Foreign Intelligence Advisory Board [PFIAB]
President's interview with business editors
Shultz left at 6:49 pm.
President's schedule
-Car
The President, Haldeman, and Kissinger left at 6:49 pm.Also recorded on May 18, 1971
- 500-036 4:41 PM · 20 sec — H. R. ("Bob") Haldeman and unknown person(s) met in the Oval Office of the White House at an unknown time between 4:41 pm and 4:42 pm.
- 500-029 4:42 PM · 22 min — President Richard M. Nixon, H. R. ("Bob") Haldeman, John A. Scali, Ronald L. Ziegler, Henry A. Kissinger, John D. Ehrlichman, and Stephen B. Bull met in the Oval Office of the White House from 4:42 pm to 5:05 pm.
- 500-030 5:05 PM · 1 hr 17 min — President Richard M. Nixon, George P. Shultz, Herbert G. Klein, Robert Lubar, James W. Michaels, Lewis H. Young, Robert M. Bleiberg, Joseph E. Evans, [Pawhatan] Jack Wooldridge, Jr., Raymond J. Brady, Thomas Mulloney, Howard W. Fleiger, Marshall Loeb, Lester Bernstein, Henry Gemmill, White House photographer, and the White House operator met in the Oval Office of the White House from 5:05 pm to 6:34 pm.
- 003-060 6:34 PM · 5 sec — President Richard M. Nixon, White House operator, and Herbert G. Klein talked on the telephone at 6:34 pm.
- 003-061 6:34 PM · 12 sec — President Richard M. Nixon and Thelma C. ("Pat") (Ryan) Nixon talked on the telephone from 6:34 pm to 6:35 pm.
- 500-032 6:34 PM · 13 sec — President Richard M. Nixon and Thelma C. ("Pat") (Ryan) Nixon met in the Oval Office of the White House from 6:34 pm to 6:35 pm.
- 500-033 6:35 PM · 41 sec — President Richard M. Nixon and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 6:35 pm and 6:38 pm.
- 500-035 6:49 PM · 33 sec — Alexander P. Butterfield and unknown person(s) met in the Oval Office of the White House at an unknown time between 6:49 pm and 10:43 pm.
Cite this conversation
Conversation 500-034, May 18, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/500-034 (accessed September 28, 2026).