Nixon, Haldeman & Kissinger on SALT agreement and INTELSAT Conference

0:36Teksting av Nicolai Winther
1:58Hei!
2:54... ... ... ... ...
3:25It makes a damn good story.
3:48And because they talk about the surprise, they said, oh,
3:57Somebody said, my God, no, it's not next to me.
4:36... ... ... ... ...
6:05He catches the stuff that needs follow-up now.
6:12That automatically goes over, they go...
6:46... ... ... ... ... ... ... ... ... ...
7:16Where, what time?
7:18Well, you can do it any time you want, and they say it will take half an hour.
7:26I don't know.
7:28He said he was going to say something.
7:33Well, that's easy.
7:35It's only five minutes.
7:36I mean, to read.
7:36It's a signing ceremony.
7:37Well, if you stay for the signing, it will be worth it.
7:40There's actually Alex Johnson.
7:41He's lyrical about hard creating the gold, and he really worked hard.
7:44I don't mind destroying it.
7:48We originally raised that.
7:51You had said that you would do it if Rogers felt it was really important for you to do it.
7:56Rogers came back and said he did not feel it.
7:59Well, since then it's changed.
8:00He didn't understand then what it was.
8:02And, well, it changed.
8:07Let me argue one other point.
8:11With what you've got to do, you've got a problem doing it in terms of time.
8:16The other problem is...
8:18If you do it, Mr. President, the way to do it would be not to stay for the whole signing, just to come in, make a brief statement and leave, and let them then have the signing ceremony, because otherwise...
8:48You'll have to sit through 85 countries, which that will be...
8:56It's one of those things that...
9:06I should be very brief with it.
9:10I should be working on this for 27 months, that some of the other, I don't mean diplomatic...
9:25We overlook the enormous importance of work in this kind of field.
9:40It could be a tremendously new departure in the history, which could be an internationalized communication.
9:46Yeah, and communications...
9:52I think it would show your interest in the positive side of internationalism.
10:19That's true.
10:21On the other hand, it is true.
10:26It's one of these many things, Mr. President, where whatever you may say, I mean, whatever they may say about you, you broke the deadlock again and made the tough decision on Tuesday night.
10:40I'm going to have somebody come in here.
10:41I'm going to get him on staff.
10:41He's supposed to probably be the better boss.
10:42I'm going to get him on staff.
10:43He's supposed to probably be the better boss.
10:46The curious thing last night, Bob, is who should be the presiding officer, and this may have been worthwhile, but Howard K. Smith.
11:04Oh, was he?
11:05Howard K. Smith was there.
11:07Is he still in there?
11:07He must be.
11:08But he was the presiding officer of the whole thing.
11:09Last night after the party here, Mel had a dinner at Washington Kilt about 2000.
11:12Delayed graduates honoring
11:16The three graduates of Delaney, who were in the highest positions of government, including, of course, the reason I was the head of the chair, chairman of the armed services, Boggs, majority leader of the House, and Al Helman, the president for Kennedy Center.
11:40So, I just popped right over to Peter about 9 o'clock and dropped in.
11:42I sure did.
11:42I didn't know they were available to you.
11:46I would have appreciated that.
11:51Yes.
11:51Let me see.
11:54Well, we can cut that part of it out.
12:00Charles, you better find out.
12:03There's no schedule.
12:04Well, I've talked to Alex last night.
12:06They'll schedule it any time.
12:07You can do it before 12.30.
12:09Yeah.
12:10After that, it's... Let me just take one.
12:14Yes.
12:16We have a sign that says 11.
12:36We could do it basically, which is bad.
12:40We could do it, say, 12 o'clock.
12:41Right?
12:41Hold an hour, and get it back.
12:42Yeah.
12:42How do you do it?
12:42See if there's anything.
12:43I don't know how I'm going to take it, but it's all about what you should do next.
12:44Oh, I understand.
12:45It's all about what?
12:47You can't go between that and the science thing, no.
12:58There's no time.
12:59It's just right after the science thing.
13:07No, right after the science thing.
13:08The science thing, you should be able to find that.
13:12Well, let's figure it for 20 minutes.
13:12You know what they could do?
13:13I'd rather have those around their necks than they would let me do it.
13:14Would you have to do that?
13:15Yeah, I'd have to do it.
13:17They can always make them.
13:28I want that in the future, at least.
13:31I mean, it's enormous to the origin.
13:34It's a better picture.
13:35And every person, particularly from academia, is used to having, you know, honorary degrees and all that crap.
13:39You know, hanged all the way around, right?
13:40And the neck, you just hand it to that box.
13:41That's no picture.
13:42But you put that medal around his neck, and he loves to wear it at the reception.
13:45They're all out there looking at the medal, right?
13:46Yeah.
13:47I think it's so easy to do, and it's a beautiful picture.
14:04Yeah.
14:08Would I call them then about twelve?
14:12Well, that's just saying how much we could do.
14:181130 is what we could do, I don't know.
14:24Because it's supposed to be on the center for 1130 meters.
14:25What could we say?
14:26Could we say it's basically 1145?
14:27This would be on the nose.
14:28And then you'd like to be out by 12?
14:29Do just that.
14:36I don't know.
14:42It's just coming by for a handshake.
14:53That's all there is for a door thing.
14:54Oh yeah, and then there's a collar.
14:57Which is alright too.
14:57There's no problems on those.
14:58All we should know is they have a car.
15:02Easy.
15:02And some sort of tape or tower.
15:03Yeah.
15:03And that we should show.
15:03There's no problem.
15:05Basically, I think the best thing to do is to... Is to say, you know... Is that bad?
15:09Or 12?
15:09It's like 12 o'clock.
15:11Yeah.
15:21It's a science meeting at 11.
15:3311 o'clock.
15:39It might be a little safer, but I don't think it makes any difference.
15:57But it's entirely up to you.
15:58I think you can just stay alone here.
15:59It will be true.
15:59I'll start shortly at 11 o'clock over here.
16:00They'll all be in place.
16:01And the time we spend in there is better.
16:01Yeah, they're going to have a reception.
16:02May I call Alex Johnson down at the table, please?
16:13Well, we had to do it right at the go-by, so I don't...
16:26I don't... You know what?
16:28When I go to such things, I don't want to make it look like a hop ship and a jump.
16:35I'll show you how the other countries be there.
16:38Well, this thing I'll spend...
16:39If they can do the ceremony by 12 o'clock, that's all right.
16:42I'll come back.
16:4211.30 to 12.
16:42I've got a half hour.
16:45... ... ... ... ... ...
17:13The local story here is on the front page of the women's section, and it's a front page item, something about Hale to the Chief, and then it is a headline, and then it gives quite a detailed story.
17:30So it makes a good local story, which the wires all see.
17:36I'm sure the wires have to, they really think like that.
17:40They do, yes.
17:41And it will get big coverage in Louisiana.
17:49Louisiana is a century.
17:51And it is a very important story otherwise anyway.
17:54That's right, you're doing it really for the honor of a true man.
17:56To do a little bit of Louisiana in the south.
17:57You haven't used it, so there's another benefit of not going to university for a while, which is a damn good school.
18:03And the other advantage is when you do something like that, the expenditure on you is almost minimal.
18:15Exactly.
18:16Because you don't have any preliminary preparation.
18:17You don't have, you're not expected to make remarks.
18:19Right.
18:19So you don't have to have things.
18:21You don't have to be real calm.
18:24You don't have to put a text out ahead of time.
18:25Right.
18:25And your extemporaneous stuff is always going to be damn good.
18:27You'll never lose on any of it.
18:31That's a really big much difference.
18:32Even on a flight one, the main thing is the effect of you being there.
18:47That man flying over with the jeep and you coming in is a hell of a deal.
19:25In terms of their worth to a company, it goes down if they get out in the end.
19:40It is much higher if they get out while they're still riding, you know.
19:46Sure.
19:46And, therefore, let them go.
19:46Now, on the other hand, those that do want to do that, you know, and so forth and so on, the people that would like to get the hell out of here anyway, you know, would look at it that way.
19:52And that gives us an opportunity to move into those positions first.
19:56On a frankly, if you come to try that basis, give them a chance to be an assistant secretary and so forth.
20:09You make no promise for any length of time.
20:12You say, well, you can only promise you for a year, and that's the end of the year.
20:16If you naturally, if you look, if you lose this guy, but if you win, you can say, well, we have different plans.
20:19See what I mean?
20:19I think it's not pretty dramatic to try all sorts of things.
20:31That's right.
20:36That's right.
20:38That's true.
20:42It always happens in some way.
23:54... ... ... ...
26:51Stop!
26:53They're all over me!
27:22I'm a genius, I'm a genius.
27:39I'm a genius.
27:39I'm a genius.
27:41I'm a genius.
27:55Slugger is here!
33:2430-1-9-0-8-6-0-9-0-10
1:22:52I have sent you this morning
1:23:24... ... ... ... ...
1:23:51Indicating which, how this thing is going to come out.
1:24:06That we're getting something that's concrete, and getting something that has as understanding as ever.
1:24:09And the deal finally is made, and we've all got it buffed up, that we'll just all sit down and decide how it's going to be sold, and we can sell it.
1:24:13But on the other hand, it goes along this way, and it's bought out, and it's pressed, and it comes, and so forth and so on.
1:24:18Basically,
1:24:18I think the important thing is, I mean, if we could keep in mind, the important thing is to have nothing, is to make it evil.
1:24:46That is in our interest.
1:24:46Of course, that work will have to be done.
1:24:47Secondly,
1:24:48In order to make that deal, nothing at all will be served, and a great deal of harm could be done by having any means of what we were thinking about get out.
1:25:11So we're keeping the lid on here, Bill's keeping the lid on in state, and of course we're not going to say a hell of a lot within the bureaucracy here, I just think we're just going to keep very, very, you know, we could do that.
1:25:16Take for example a
1:25:17I think we can get that.
1:25:33I think however it is, however it eventually sorts out, we must take that position now, if there are any human, any human in that.
1:25:45We are moving away from safeguarding.
1:25:56We would have a hell of a time, not just with some of our oppressors.
1:25:59Scoot Jackson, for example, would be down on our throats like gangbusters, and a lot of guys would often let him die for ADM. Let's say that now, what are we going to do?
1:26:04We're going to give up safeguarding, we're going to protect Washington, D.C., and all that sort of thing.
1:26:06So I think it's very important for you to take an absolutely hard...
1:26:23Why at first is the problem?
1:26:28I can't tell.
1:28:11Sorry for this way of my saying, but we are still in front of the person there, and we don't have that much gratitude from this side.
1:28:28Our side, the press conference is for the police.
1:28:29You are very, very hard.
1:28:30I think you do really well.
1:29:20No, I don't want to.
1:32:56... ... ... ... ... ...
1:33:24He's trying to get to people who are totally committed to a population where he's not a great contributor, but also to national security as a country.
1:33:49And so you have to negotiate with these people for a long, long time.
1:33:51That's what you're interested in, is the success of the negotiations.
1:33:52Or, just as much as we possibly can.
1:33:53Like consultation, information, and so forth.
1:33:56... ... ... ... ...
1:34:23The reform in which it takes is not all that important.
1:34:40I would suggest that the United States government has a slight feeling of defensiveness about this.
1:34:42I would suggest that it has a negotiated technique which is not as much as possible to stay away from the question for the opposition of the U.S. Secretary of State.
1:34:51... ... ... ... ...
1:35:20... ... ... ... ...
1:35:55I think it just happens that they would not have moved this way unless they wanted freedom.
1:36:17They want to leave.
1:36:18And I think we're going to have to do this.
1:36:19And I apologize, of course, on ourselves.
1:36:19That's one thing we're going to avoid.
1:36:20It's too bad.
1:36:21It gives us a lot of time.
1:36:21Do you think at the end of this particular session that you could have agreed to stop?
1:36:23A lot of times.
1:36:24At the end?
1:36:24Yeah.
1:36:24If you want to, yes.
1:36:30... ... ... ... ... ... ... ... ...
1:37:01... ... ... ... ... ... ...
1:37:35... ... ... ... ... ... ... ...
1:38:08... ... ... ... ... ...
1:38:43... ... ... ... ...
1:42:01Oh, yes.
1:42:14Wait a little later.
1:42:14I don't think you realize it.
1:42:15It was a fake, and then it was a fake.
1:42:16That's all we can accomplish.
1:42:16I agree with you.
1:42:38They say there are a few of us.
1:42:45All right, all right.
1:42:47No matter.
1:42:47Don't forget us.
1:42:47That's right, that's right.
1:42:48Well, we're all scientists.
1:42:48I'm sorry.
1:42:50That's right, that's right.
1:42:51Have a good time.
1:43:30Ragnarok 2.0
1:56:15They said a lot of nonsense about China and all the rest of it.
1:56:28And then, bam, here they come to this.
1:56:33Now, what does that show you?
1:56:34It shows you only that these people are going to insult their interests and they don't give a damn about that.
1:56:37That's right.
1:56:37They're going to insult their interests.
1:56:38You know, they're concerned about the Middle East.
1:56:39Oh, we get all kinds of reports back and discussions.
1:56:40I, uh, did you read, uh, did you read what Landon Boland said there where they were saying that Roberts is hitting too much credit?
1:56:43Yeah, yeah.
1:56:44That's great.
1:56:44That's just great.
1:56:46And on the Middle East, I think I want you to hang around.
1:56:59Just get out there and talk about it.
1:57:02The way to use me on it is this.
1:57:05First of all, I have no concern whatever about being tough on the Jews from a political standpoint.
1:57:10The only thing that is, if I maybe needed at some time to squeeze, to do the squeezing, you could take a more advanced position than I could.
1:57:24But as far as I'm concerned, I am totally, as a matter of fact, if I were in your position, I'd be no one more.
1:57:36I command you to throw me off the wall.
1:57:37You should have seen where that leads.
1:57:38Ships.
1:57:39Well, they're in for a tough deal now, because, and I think they let the cat out of the bag, probably they thought that Boland and all these passivists, these quakers, you know, would be delighted to hear that they're waiting for the next election to get the Democrats in.
1:57:57Thank you very much.
1:58:05Thank you very much.
1:58:30Teksting av Nicolai Winther
1:59:06Teksting av Nicolai Winther
0:04Freeze!
0:06Freeze!
0:24Is the man ready to go over here?
0:39Yes, sir.
0:39He's all set.
0:40We've got a secretary.
0:40I don't know where he is.
0:41All right.
0:41See you tomorrow.
0:42Sunday, 25.
0:42Should I wait for the bus?
0:43Yeah.
0:43I'll wait for the bus.
0:43No, it's all right.
0:44I'll wait for the bus.
1:14Mr. President, Mr. President, I'm sorry, I don't get to see you, to see you.
1:30It's great to see you guys.
1:31It's great to see you guys.
1:37Well, I wanted to say that we
2:10Most appreciative of the work you have done.
2:27I think it's extremely important for your case.
2:36Despite all the air talk these days, you know, but they still are in arms to impress my success in any area.
2:39by sacrifice, by dedication, and so forth.
2:50And he loved me, unfortunately.
2:50He also had to have it, too.
2:51I guess your life really was to be a...
2:55I mean, to be a...
2:56an environment where you, you know, got pushed right in the right place, the right training, and then you came off and also the judge had to also have a reading on this competitive spirit.
3:17Well, I think that the God-given talent was there as a matter of having the coach bring it out.
3:19You know, it is, you know, some young people of today, they profess not to have any interest in sports, they did, or things are much more serious, mostly, but you take a school such as, well, the University of Pennsylvania, which is not terribly known for sports other than basketball,
3:26And we could not beat the Yale swing team for 75 years, and yet they did this year for the first time.
3:42And now that school is swing school, really.
3:43That's good for that school.
3:45Tremendous.
3:45You see, the point that so many fail to realize is that even though everybody doesn't participate, we all get a vicarious benefit from the, and lift from the,
3:55Our people, our team, our school, our country doing well, right?
4:08Absolutely.
4:08And I'll... Oh, what's that?
4:09Oh, my man.
4:09That's right.
4:09And that's extended.
4:10So Penn is finally... That's right.
4:11I remember so many, many years ago, Penn, you know, the great rivalry in football was Penn and Cornell on Thanksgiving Day.
4:19I don't know.
4:20I guess they still play.
4:20But...
4:21turned away from those pursuits, but it's good.
4:26So they finally beat Yale, and there's not even 77 years in advance.
4:28Yale, of course, is so outstanding in this field.
4:31You have been.
4:32What is the reason for the Yale coaching?
4:35Well, it was the coach, Bob Kidd, who was there, went 14 hours, and just passed on.
4:40But for so many years, he's
4:43had the new techniques and had the drive and discipline and allowed the boys to do well.
4:55And I think his record before he retired was six and ten long.
5:01I think it was.
5:02How does he compare in your mind to Haynes?
5:04Quite different.
5:05Bob Haynes was the old-time coach.
5:06George Haynes, my Olympic coach, was a new, young...
5:08It was the Santa Clara Sun Club, which produces all these phenomenal people.
5:10Yeah.
5:10Is that right?
5:11Yeah.
5:11Santa Clara Sun Club.
5:12Right, and George Haynes has been a famous coach up there.
5:31Way back, way back when there was a coach in Southern California, they used to have some great senior coaches there.
5:33There may have been 40, well, no reason to, but, boy, the coaches make a difference.
5:38Well, look what that, you know, you talk about Australian tennis, and the natural areas, which encouraged it, just as Southern California has, but Australian tennis became greater
5:42Behind him, that tough, ruthless coach of theirs, you know, for so many years.
5:53Remember, he was, the press hated him and the rest before.
5:55They, yeah, I remember saying, Lombardi, you know, sure, he's a driver.
5:58So is George Allen.
5:59I guess George Allen was a different kind.
6:00Well, he's much like Lombardi.
6:00George Allen is, of course, he's a rough edge that Lombardi has.
6:09He's a polished ball, and...
6:14Boy, there is a no-nonsense discipline.
6:18I just don't know whether Jurgensen's going to get along with that.
6:25Jurgie loves having a good time.
6:26He's probably, I've often thought of Jurgensen.
6:32I might remember that, but I've seen him play.
6:33If Jurgensen could ever bring himself to a little discipline, you know, lose about 10 pounds and so forth.
6:37or anybody could ever touch him, you know.
6:48It's a great pass.
6:51Have you ever seen him like that?
6:52No, I haven't.
6:55I just, unbelievable.
6:56You wonder how he does it.
6:57And that must have an effect on the rest of the team.
6:58He's got brains.
6:59He's a great footballer.
6:59He can throw the ball like any man.
7:01He's had that.
7:01And if he just had the other thing, but gosh, you know, when you're a quarterback, you've got to set an example to the others.
7:20Now, Unitas, on the other hand, is, uh, followed instead of, you know, he's a, there's a real problem.
7:32I think he was having this conversation.
7:35I, I can't hear this.
7:36But here, Johnny Unitas, he comes back again, but, but he's a leader of men.
7:40Any question about that?
7:42A leader of men.
7:42Strong, intelligent, uh, uh, a fine personality, fine character.
7:44Yeah, I've met so many in the whole field.
7:46It's, it's, there's, there's other common
7:48language as far as the character of people in athletics.
8:02I don't mean they're all good.
8:04Some of them are bums.
8:06But, you know, you take the golfers, like our partners, who are really great guys.
8:09They're coming to nominate us.
8:10The perspective is all good.
8:11Sir, I think the fellows are trying to keep your schedule on time.
8:12Oh, I'm sorry.
8:12I want to give you something.
8:13Oh, what is it?
8:14I wrote a good one of these on this cufflinks, too.
8:37Oh, that's great.
8:38Now this, as you know, is the presidential studio up there.
8:40So this is reproduced here.
8:40These cufflinks are on the presidential cufflinks.
8:42Your wife does the same thing with the Vogue.
8:43She works with them.
8:45As will the boldness under your tie of duty.
9:06Are you a golfer?
9:07No.
9:07You'd be great as a golfer, though, if you ever did.
9:08I think you would.
9:08You would be, particularly learning the game.
9:09But you're perceived in everything.
9:10And rhythm.
9:10Golf is solely rhythm.
9:11I guess that's virtually everything.
9:27I guess that's right.
9:30Thank you so much.
9:33Good to see you.
9:35Thanks a lot.
9:35Appreciate your help.
9:53Well, isn't it great to see you down here?
10:24This is why we have the record, Mr. President.
10:46Right there, he's the man.
10:47I gave you a little credit, don't you?
10:47Yes, I did.
10:51She's a great writer.
11:19She wrote a song.
11:19Oh, why?
11:20Oh, I see.
11:20I mean, it's terrific.
11:23I'm just saying, Mike, maybe we should end on that expression.
11:36I think about it.
11:36I think about it, too, sometimes.
11:37Depends on the day.
11:37So, now, we get one of them back.
11:38You know, like, right at this point.
11:39You look right out there, you know, very easily.
11:47That's right.
12:12Oh!
12:12Sure.
12:12Yes, yes, yes.
12:12Oh, you're practicing, huh?
12:13Okay.
12:13Well, I appreciate that.
12:27I thought that one of your great victories was when you came to the U.S. Senate Tuesday.
12:37You're kidding about all my system of tracer appointments for events.
12:58Right, I mean, we have to have a case of accidents.
12:59Yeah, the team first had a little quibble on that one, too.
13:01Are you going over to your tracers now?
13:01Yes, we are going over to get lunch at Mary Grove.
13:02Well, I saw her yesterday run over and be sure to have her show you.
13:04There's a very famous room there that belongs to John Petty, who was the Secretary of National Affairs, and it was used as the office for Andrew Johnson.
13:18He sued it, and Mary Thomas wouldn't move out of the White House after Thomas' death for some months.
13:20It came out over there, and in the treasure, there's a tunnel through the treasure, and there she sits.
13:39There's this magnificent office.
13:39It's probably one of the greatest heralds of God, and there's a very advanced desk.
13:41So be sure she sees it and shows you that.
13:42I will.
13:42I'm going to go see that my daughter.
13:43Also, I want you to meet...
13:43Yeah.
13:58She's got my adult office.
13:59Where you were before?
13:59Yeah.
14:00Oh, that's all right.
14:00But you can, see, and then also, oh, did you know this girl, Luther Johnson?
14:02You've seen her before.
14:02She'll do that.
14:02I'd like to see it.
14:03Yeah.
14:03I had never seen it.
14:03I was over there yesterday seeing Connie.
14:04But Patty hasn't now.
14:05We went to, we were having fun.
14:05See, there's a lot right in the middle, as you know.
14:06Yes.
14:06Right there.
14:07We had a coach that stayed there trying to do it today.
14:31Oh, yeah.
14:31We met with Walter.
14:31Oh, yeah.
14:32Right.
14:32He said, Mr. Brandon, can I have one little talk with you before I go?
14:33Sure.
14:33I wondered about it, so I bought your resume sharing plan in the collection.
14:35It occurred to me, and sure, it would make a great deal for the collection agency,
14:37and they're electrified people.
14:53Could you, would it be possible to eliminate a whole new layer of bureaucracy to decide how much each county gets back, or whatever the racial change?
14:58Could these million collection agents, they're all bonded county treasurers,
15:00in every county and in every state, could they be collected?
15:07Where we live, we pay it into our county, you would say.
15:13I bet you that's whatever the ratio or the slide rule for the proportion would be worked out, that you'd have to have that mail it in.
15:20Is that a thought, if you would say?
15:22Well, let's turn around to the other way, let's turn around and see.
15:40I would make sure that he helps us all the county treasurers.
15:41And there's no question about that.
15:42All of the people that come out there, they can't let down.
15:43People would love to see it come back to them.
15:44And there's so many people that I've talked to that tell me that they're so terrible, they're just trying to get away from their new office, and they should decide how much they can spend.
15:48Well, it's time to leave.
15:49I'm leaving now.
15:49Let me get you noticed out here, Fred.
15:50But that doesn't seem to go out there.
15:50They're still in.
15:51They're supposed to be an automatic passenger, which is the way it's supposed to be done.
16:10But I see your point that they might have a lot more confidence in keeping their own people.
16:12That's right.
16:12And I would make such a good talking point.
16:13So again, that's fair.
16:13And of course, I know that this ties in with all the kind of changes in our state and the nation.
16:15I'm sure of it.
16:16That's fair, I know.
16:18And we, if that was less than we get back, where I don't know how many days in the population, whatever those criteria would be, that's how we calculate it.
16:40That would be deducted in their county share statement.
16:41Because we have to pay it in some way or the other.
16:43I'll have Bob through the place here.
16:43What do we have here?
16:44Thank you.
16:45You can see this, the mark of this room.
16:59You've been here before, of course, but have you ever been here before?
17:07That's the same old building, and it's in the room.
17:10It's almost in the park.
17:10This is in the park.
17:11So that's the mark of this room.
17:11It's very recommended.
17:12It has the famous Oval Office across there.
17:13And let me see if I can see this.
17:13It's so nice.
17:17Well, what I'm saying is that these comics have the seal that's present in the United States.
17:36In Britain, you get one.
17:37You get one.
17:37You get one.
17:37Thank you.
17:37You get a little hint of the same thing.
17:38You get one, too.
17:39You get another one.
17:39Oh, thank you, author.
17:40Yes, thank you.
17:40What are you planning on doing?
17:46He has a signature and a seal of physical gadgets.
18:12You don't have to report it.
18:12So if you don't, my advice always is if you don't play it off, it's good or it's not good.
18:14What do you say?
18:15Hold the block.
18:15Hold the block.
18:15All right.
18:15All right, President 23.
18:17If you're a family man, you can't take your time.
18:20Yes, I do.
18:21I do, too.
18:30Well, thank you for watching.
18:51Great interest around the world.
18:51You know who we have brought in the same piece.
18:52Oh, really?
18:53That's where the wedding's going to be, right out here at this Rose Garden.
18:54And, Mr. President, I'm supposed to tell you from my daughter Nancy that she and her husband are simply delighted that Julie picked that wedding day for her.
18:57I mean, that's great.
18:58That's awesome, Julie.
18:58So, she said that if you tell Mr. President that you get a chance that we will be making a toast
19:00to their head.
19:06Talk to June.
19:16So they have two little people now at age two and age four.
19:18And the first descendant is now carrying the assistant to the Director of General Services, General Roy.
19:21He was sitting down at the White House and told me about it.
19:33Oh, they are terrific, you know.
19:44Thank you.
20:03Well, it's great to see you.
20:03And you're going to confess to her.
20:04She's seen us, but take them on the road.
20:05Well, this is that very trip to Washington, D.C. You see, we have several tours.
20:06Here we go to number eight.
20:07Oh, this is great.
20:07Thank you.
20:07Don't talk about it.
20:08B-E-I-D. Oh, good.
20:08That's a good laugh.
20:09Thank you.
20:09So great to see you.
20:09Very close to California, even.
20:10Okay.
20:10Don't be too soft.
20:10When is it?
20:11That's right.
20:11That's right.
20:30I'm sorry.
22:01I was wondering if you could, uh, make a couple things, uh, agree on this, uh, here.
22:24I guess, uh, I think it would be well if you'd let's that, and I'll probably step over it for the dinner.
22:28For the redacted, uh, follow-up on these things, let me give you the fourth part of the scenario.
22:37Sir, here's what we can't say, January 8th.
22:47Just say January 8th.
22:48That's a hell of a lot better, but not so bad.
22:51We avoided, they avoided saying it yesterday, kind of posted it, but Scali makes the point.
22:54I think he's right.
22:55Saying January 8th is a hell of a lot better than saying, oh, January, I bought it on January 8th.
23:02No, I think they just kind of fell into the, you know, we weren't giving any details, but that...
23:07That is what we've been given in detail.
23:24That's saying how to start.
23:26The meaning of this is that it's on both sides.
23:31Hold it so these forks are constituted.
23:32Well, I've got an apple, so I'm just going to hold it.
23:33They do that.
23:33Third, that'd be those olden days.
23:37will be aborted.
23:54And will not be bothered.
24:32I explored the business of Peterson going to Munich that you suggested looking into.
24:42And John Connolly was a little worried about it on the grounds that we have a very big delegation apparently going there already.
24:51It's a banker's invitational meeting and apparently there are some three members of the Board of Governors of the Federal Reserve settled from the Treasury and
24:59I think it's good that he's there, but also the banking group is so incestuous.
25:29It's good to have somebody whose background is different and deal with them a little bit more.
25:42I testified this morning on Rubikoff's international trade hearings.
25:48Well, only Fannin and Rubikoff were there.
25:50They had all kinds of questions from other people.
25:54And I was thankful that we have the posture
25:58of, by gosh, we consider international economic matters to be of first-class importance, and we consider the U.S. interest in something we're going to go out and fight for and trade for and bargain for, and as far as we're concerned, the gloves are off.
26:15We intend to represent our people.
26:17And if you didn't have that posture around the Senate these days, you'd just be out of the place.
26:25At the same time, it's
26:27it's very easy to make it completely compatible with a reasonable world trade, expanding world trade posture.
26:40So I found it a very comfortable position to sort of talk around, and I thought it went well from that standpoint.
26:49Yeah, well, they're all, they all have the competency.
26:54The type of people who have been with us for years,
26:55They just have no confidence in the State Department.
27:08The State Department is just blamed on every other sentence.
27:15Mm-hmm.
27:16Well, they're right.
27:16They're right.
27:16The State Department, the South Islanders, the South Islanders, they're trying to have a negotiation.
27:20We've got to get that to the end of the country.
27:21That's the thing.
27:21And where they feel about it, their criticism, Ribicoff's criticism, which he suggested reflected others, too, of the Council.
27:25which he thought was a good idea.
27:28His criticism is, well, there's too much State Department in it.
27:33And you have this special operations group that's chaired by the State Department and so on.
27:43And they're just going to overwhelm Peterson.
27:46That's, well, first of all, the president.
27:48Secondly, you don't know Peterson if you think he's going to get pushed around.
27:54He isn't.
27:54But it's interesting how they have on them.
28:02I think he's a hero.
28:16He's unmodified.
28:17He has shown it to some Republican congressional people, I think.
28:29I don't know.
28:30I wouldn't do it.
28:30I wouldn't do it.
28:31the ones who want to come.
28:37And I know he's ripped to you about your messenger that he's very anxious to have work with him.
28:46I've talked with him in detail about it.
28:51He's very attracted to me.
28:52He's most interested in, in all the world, is intelligence.
28:56He knows a great deal about it.
28:58He wants to see it reformed, and he's very encouraged and hoping that's going to come about.
29:08So a very interested in defense and science.
29:13And as a result of that is the possibility of being in great fields.
29:16And ADC is kind of a sleeking agency.
29:20Sure is.
29:20But it has a great capacity for mountain research.
29:25and probably more receptivity to actually get the appropriations than the Defense Department does.
29:42Oh, I think we can definitely do that.
29:45Maybe that's kind of a guy we need in that rat's nest on there.
29:51Well, what he'd like to do is determine the ABC, I think.
29:53That's possible, too.
29:54And that's a competitor in his mind to something...
29:55But we can't beat him.
30:02I think that if you felt that you wanted to see Schlesinger in this slot with Pete, I think Pete is so capable and in his version, I'm sure, that he could take a man of lesser
30:29and that had the capability that Schlesinger and do very well.
30:38I mean, I think Pete could find a man, it seems to me, that could fit his needs.
30:46He just needs to guide the team, you know, after all these projects and so forth, and follow through and hold them down and so forth.
30:50The thing is that in AEC, I would just, as they just put another humdrum
30:53You know, go along, well, what's our budget this year?
31:03Are we going to keep this or keep that?
31:05That really is a sleeping dog, man.
31:05It really is.
31:06And it's a total, it seems to me, a total captive of Congress.
31:10I'd love to argue with you a little bit on Pete's needs.
31:13All right.
31:14He has set up for himself in talking with you what looks to me like a very important, very exciting,
31:23and also very difficult with ADC.
31:27ADC would, and Jim, of course, is conscious of that, the defense aspects of ADC, which he's very much interested in, and he's conscious of the fact that ADC is on the usage, so that he would still maintain at least some involvement in intelligence, but it wouldn't be the reorganization that he's interested in.
31:47But anyway, Pete has...
31:50this task now beginning to sort of form, and I think it really isn't quite the way we anticipated it in the Council.
31:59It's better.
32:07It's better.
32:07He's developed it.
32:08And that seems so common, a hundred percent.
32:11I've received comments yesterday.
32:12Conley was talking it all over to me.
32:13You know, all these various ideas.
32:14He's confused.
32:15Well, great, but...
32:15He didn't say, you know, he didn't say he'd speak at all, but I refused his ideas every day.
32:17Well, he's been getting around to talking tricks, but he's independently now.
32:19Conley's very...
32:20It's ridiculous to have a jackass department like HUD and transportation that has six assistant secretaries and an economy over there.
32:43I mean, it's set for three guys.
32:44You can't pay more than $30,000 or something like that.
32:47And what is the type of
32:49Well, I think that's right.
32:52So give him what he needs.
32:54He's just got to have them.
32:57Because I want to build, I really would like to see him build the staff so that he can really be the command and command of the administration.
33:08He can't do it now because he knows.
33:08Well, just to take the task and compare, the field of national security, that has built up over the years.
33:18a big intellectual base to work from.
33:22And there are, you take up a topic and you don't find the answers in this amount of work, but you find a great deal of analysis, you find patterns of thought you can draw on that you can sort of peel away, and you've got something to go forward with.
33:40If you take
33:41If you take a field like international economics and international monetary problems, if you thought about this council in those terms, well, those are established disciplines, and while there's lots of room for difference of opinion, people know how to think about those subjects at least.
33:59And when you start to put this mosaic together that Pete has been struggling with of the balancing of security, of foreign policy,
34:09economic, of the domestic development, and so on.
34:14It's a very hard thing to think about.
34:17And Pete is now in a position, I think, where he's identified these problems, and he's very excited about them.
34:26And all right, now, let's go, but where exactly are we going?
34:30You see, we've gotten hard at electing the problem, and it's going to take, I think, I remember you talked once about having a few people and just sitting around for a day or two, trying to think and talk and come back to it.
34:43It's going to take a lot of that, and what I'm getting to is, I think Pete needs really superb people to talk to us.
34:53You're in the...
34:54Well, we can operate the others afterwards.
35:05They might go into this paper and say, look, here's our current need at the present time, and any of those others fail.
35:12If we get the reorganization, the ADC will change.
35:14And this is one concern I would have about putting too strong a man ahead of the ADC.
35:19Because he might want to keep it.
35:20Right.
35:22I think the Schlesinger could be talking to him, and I've been trying to help Pete in this regard, putting it in terms of a broad assignment.
35:33He really is not that interested in just international trade problems unless he finds it sort of, you know, worrying about the sugar and the this and the that.
35:43He's willing to do that, but doesn't consider that exciting.
35:47His other is...
35:48And the intelligence is.
35:51What he's really, I think, sort of gunning for is to get some kind of designation from you as having a special presidential endorsement in the intelligence area for a short while to try to help bring about this reorganization if we wind up going ahead with it.
36:16And I suppose in early June we'll have a pretty good idea exactly how you want to do that.
36:23It's sitting there now, almost ready to be plucked, but it's going to be a lot of hard work to do it and get the thing changed around and so on.
36:33And I know Henry has his views.
36:37But that combination, and I think some direct,
36:43arm-twisting with you, from you would probably put it over as far as Schlesinger's concerned.
36:58Well, I think that that's a problem, and that's something Pete would have to accommodate to for a period of time.
37:05And my guess is that on the intelligence, there would have to be a burst of effort
37:13get something accomplished, and then after a while, I think I would probably have to put a great proportion of my time into it, as he would put some, and we have some other people.
37:24All right, why don't you work on a scheme whereby he, I mean, whereby he gets old.
37:32I think that's fine.
37:36That's fine.
37:37You're a valuable man, but I think you're right, Peter.
37:38You probably miss me.
37:40Well, he's a strong mind, and he has a lot of... We'll see those old foundations and things like that.
37:50And another thing about it is, Pete wants...
37:55I've decided that I desperately want to get this guy, and I think it would probably just help Pete a lot if we could help him do that.
38:05Why don't we get him to do the other job, too?
38:09The intelligence job.
38:10he used to set up in that new office.
38:18Would that work?
38:18I think it could work.
38:19It's not a perfect thing.
38:20He's doing too many important things, but yet he knows the intelligence field very well.
38:27It isn't as though he has a lot of learning to do there.
38:30It's a matter of following through on what is universally regarded as far as I can see as a very good
38:38piece of analysis.
38:40I don't know whether you've read the longer document on intelligence.
38:48No, I haven't.
38:49It's a very good piece of work.
38:50I understand.
38:52It's as good as any I've seen around.
38:53And he would like to follow through on it.
38:58I would.
38:58For the budget, as much as well as other things.
39:02Yeah.
39:02We're losing our friend Jerry Rossell.
39:03Over at Labor.
39:03He's going to go back to Standard Oil.
39:04He's written you a very vicious letter of resignation.
39:07I should go back.
39:14Yeah.
39:14Mr. Bennett.
39:15There he is.
39:15He's been very good.
39:19Oh, yes.
39:20July 25th.
39:20He's a very good man.
39:29And we'll be coming to you shortly.
39:31Just so that there's no question about my views on it.
39:35We're probably going to have to have a
39:37up and down the bike with Hesburgh sometime.
39:51I just don't have him on this issue.
39:52So don't let that bother you at all.
39:54My views are so strong on that, and it's so wrong to move in that direction.
39:57Well, it's very interesting to see how the HUD had everybody do an exercise and draft a statement.
40:00And the HUD statement is quite hard-line.
40:01Very interesting.
40:02The federal government will not force housing on communities that don't want it.
40:07They picked up the line.
40:13We had a meeting with Ron and Mitchell this morning, and we'll meet again next Thursday.
40:20And I would guess that over that following weekend, we'll finish the draft.
40:23I think it will be satisfactory.
40:24We've decided to split off the Blackjack, Missouri case as a separate issue to be treated separately on John Mitchell's recommendation to you, whatever that is, and not in this statement of ours, but as a separate issue.
40:35Well, it's got to be treated separately.
40:38John's got some problems and I think he's at mixed lines up right now as to what he should do.
40:52The line that you suggested is that there are another two cases and I'll leave it back to the lower court for a timeline.
40:56Well, interestingly enough, the Republican county executive down there in that county has given us some inputs on it apparently.
41:02And John wants to take a look at the political side, the local political side.
41:14He's against the incorporation of the town, the blackjack.
41:16He would like to see the federal government get in.
41:20He thinks there's a lot of... Who is this?
41:24The Republican county executive.
41:25The guy ran for governor?
41:25No.
41:25No, this is a four-term, four-term Republican county executive.
41:27Is there a Republican county executive?
41:28They are all nuts now.
41:29John wants to take a look at it.
41:29He'll be talking to you now.
41:31That's no holes in it for excellent.
41:37He's talking about that part.
41:44Just get the hell beat out of them, not the middle of the other part.
41:49But apart from the holes, it isn't the right thing, in my opinion.
41:53Well, some distance away from solving the hour.
41:54But the other one has come along well.
41:55It's actually got a pretty good draft.
41:56I'm going to have Price take a look at it now just to get the language.
41:58Well, that's come along.
42:00I have asked Whitaker to try and pull together all the polls that he can find and any other evidence that he can find one way or the other on the question of whether these pollution and environment things are really politically significant or not.
42:21He made a first cut at it, and I would think that by the time we're ready to do this overall review, we're going to be able to give you some fairly objective evidence on a question of whether this is something we ought to be spending our time on.
42:40There's one that's not used, that Whittaker should not get on.
42:44He's got three polls that are working, and the ones you did yourself, you know, you've got to be sure.
42:47Harris has polled this, and at one time had an enormous number there, but he loaded the questions.
42:49You know what I mean, Bill?
42:55So if you understand the way they're naturally, who tend to look that way, believe that way in themselves, well, I want these bulls analyzed from the standpoint of what they really show, not when you go in and push people and push them around.
43:06I've asked that in each case we be provided with the question that was asked, rather than just the numbers.
43:12And so that's the kind of thing we're beginning.
43:16I think there's an awful lot of folklore in this area.
43:19about just how much clout this thing has and what groups.
43:25And so we've got to break out on it.
43:33They're just doing some work on it.
43:37Yeah, but you just need a break.
43:40So we just keep an open mind on that for a while.
43:41And that's it.
43:42We have to remember that our major concern at the present time is to not destroy a lot of American interests.
43:44to create jobs.
43:46Oh, I should have thought about doing that.
43:48Well, I should tell you another thing we had going on that.
43:53I've had Ruckelshaus and Mrs. Maurer, Elliot Richardson, everybody that is in the regulatory business with Morris Stans and Jim Hotzer and Peter Feinig and Peterson and others.
44:06And I put this to them.
44:07Good.
44:08And we are going to be meeting periodically now toward the development
44:14very clear guidelines for these folks as to the kinds of things we do and don't want to have happen in regulation and the kinds of clearance processes that we're going to require.
44:27And so we're moving on that.
44:29John, let me give you an example.
44:34When I was talking to Borlaug when he was here, there was a guy in front of the Nobel Peace Prize.
44:39If he had not discovered and developed those strains of small wheat
44:44All experts agree, and I've used the word advised me, that millions of people in India, Pakistan, and part of Mexico and other parts of Latin America would not be living today and would starve.
45:07I talked to him about, and he brought up the subject when I was sitting down at dinner.
45:10He brought up the subject.
45:11He said, you know what?
45:12I'm terribly, desperately impressed by the attitude of your administration.
45:15and chemicals and so forth.
45:32He says, you must not let this happen.
45:37He said, those who believe in that, and they fear the results of applying chemicals and so forth to plants, and I think it's the only kind of a plant that people have proved that its consumption is that that has never known any pesticide chemical or so forth and so on.
45:45He said,
45:46that I know that anybody in my field who really knows the whole side knows that always a pesticide or a chemical does set up some detrimental factors.
46:03But you've got to weigh the damage it costs against the benefit that it creates to balance.
46:11And that is something that we're not doing.
46:13We're going to do it on the pesticide thing.
46:15All the rest, and everybody who's gone absolutely stark, we're going to be mad about this.
46:22You can forgive a guy like Ruckelshaus who only hears from one side.
46:29And what we have to do is to develop a scheme so that we get a balance automatically in the system so that somebody like Ruckelshaus can't make that decision in response to his pressure.
46:42without subjecting it to the review of people who have ever said it was insured.
46:56It's like the people of John Lennon and Krusty Bish.
47:01And over the years, all of those are ideologues who want to bust up companies because they're big.
47:04Companies are evil, they're corrupt, they're evil, and so on.
47:05We have completed that aside, and I just feel so strongly on this, but let me say it on the end.
47:09This whole business about pesticides
47:12DDT, etc.
47:19And environment goes with it, and safety goes with it, and consumerism goes with it.
47:28It has become a racket.
47:29What could this become a racket?
47:31And the thing is that it is, but it's a, there are some people that are out there ganging against the universities and the college professors and, you know, and associates, press professors and so forth, not the really able ones with the jackasses, are all jumping around on this because rather than
47:40and discipline themselves in teaching while they just want to be out leading some goddamn cause.
47:48We've essentially got to stop.
47:50We're going to stop.
47:51There's been some very superficial thinking done about public policy in this area.
47:57I don't think you can afford to go to either extreme on this because it's a balancing of interests all the way through.
48:04Let me say though, we're going to go to the other extreme in order to vote.
48:08Well, I think this is where my political inquiry comes in.
48:16Because I would hope he would not go to the other side to pull it to the middle at great political cost.
48:30And I think we ought to do with our eyes open.
48:31We ought to know what we're getting into.
48:31And I said, I've got to ask John to do the exact same way at political cost.
48:34Two or three million jobs lost to the circle.
48:42The circle lost to putting the goddamn airbag in the car.
48:49That's right.
48:50Well, that's the thing we're setting about anyway, and we're trying to align that with this whole subject.
48:53John, you've seen the memorandum that I've sent to Replicant since two or three days ago.
48:58Basically, what we're trying to do on that is to say to it that in these various actions that you're taking or supposing,
49:03You haven't built another vacation.
49:05You haven't shown us what the cost, you really haven't lined out what the costs are, what the gains are, and so on.
49:13And before you go ahead, do that more.
49:16Well, you know, that'll slow it up a bit, but you know, it isn't just right.
49:21in consumerism, that's worse.
49:23Maury has come up with a very interesting idea.
49:26He says, you know, now, by law, everybody has to file an environmental impact statement every time the government wants to do something.
49:35He says, I propose that every time we do something in this area of safety or consumerism or the environment, that we be required to file an economic impact statement.
49:45How many jobs is this going to cost?
49:47How many businesses is this going to cost?
49:49How much money is this going to cost the consumer?
50:02So that we can weigh the thing and see what one outweighs the other.
50:06And that's what's coming out of this thing.
50:07And that'll fly across all regulatory operations.
50:08Right.
50:08Thank you.
51:12They put out the catch this week.
51:35It was the first time
51:39December or something, that accidental deaths that exceeded the military casualty.
51:52What was the casualty?
51:55Twenty-four guys, I think, I don't know.
51:58Twenty-seven.
52:00Twenty-seven guys, I don't know.
52:02One of these things where one loves each other, you know, it's, uh, it's a thunder, man.
52:04You're about to get some of those.
52:05Yeah.
52:05Well, they cracked it for ten months.
52:06They couldn't do it.
52:07Well,
52:11I just figured that next week it'll be fifty.
52:15Forty-five.
52:17That's all right.
52:19It's still, it's still, anything's manageable below a hundred.
52:24So I used to think we should have.
52:26I don't know whether Bob has had a chance to tell you the tube droplet.
52:31Well, the tube droplet, the tube droplet on the 70.
52:33I've got that.
52:33But the tube droplet, it appears,
52:37He's emotional.
52:40He doesn't want to do it on the 8th.
52:47Yeah.
52:47He's insisting that it be the 7th.
52:50Well, some chance will give me.
52:51Well, the problem that makes me uneasy is, Mr. President, is National Assembly is going to pass an electoral law on the 1st, which means that I suspect, and I'm checking with Plunkett, that he may want to come back from a meeting with you to promulgate the electoral law.
53:05I just wonder whether, uh,
53:08The impact on the Liberals here will be, he comes back from the play, the trauma period is off.
53:20I wonder, I wonder.
53:21I don't think it makes that much difference because I think we're stuck with him anyway.
53:25We're going to claim him and do everything.
53:26And the other fight is that the hell with the impact on the Liberals here.
53:28The main thing is the impact on the country there.
53:31Will it help him?
53:32It will certainly help him.
53:33I'm for that.
53:33And also, as far as the situation is, since it is two years, two years after the other one, I think it gives a great justification that we decided to have a meeting just two years later to check the progress.
53:51I'm not worried about the impact on the liberals here.
53:58Well, then I will tell Michael to do it on the session.
53:59That's agreed.
54:00Some of it works, statistically works okay.
54:11Yeah.
54:12If we could, you know, the other thing is it's very important to get that word to, uh, quickly, we can't do, uh, I don't know, somebody knows.
54:19I don't know.
54:20I don't know.
54:20I don't know.
54:21I don't know.
54:21I don't know.
54:22I don't know.
54:22I don't know.
54:23I don't know.
54:24And then Funk explained that he's sending a back channel in order to keep it out of the bureaucracy, and not just throw it in the back channel.
54:37Who would have asked Funk to put it into a regular channel?
54:38I could go ahead and put it into a back channel without showing it because it's a regular channel.
54:42Right, right, fine.
54:47Okay, have them send it back to me, so forth.
54:55And that we, that debunkers say it's very important, we should do it at this time, and provide an opportunity to make this announcement, so forth.
55:06You take it to Rogers.
55:10We should then take L.A. to a- uh, Rogers won't be able to come himself because he isn't, uh, in the country, but we should take a state bus to the old L.A. establishment, you're not supposed to.
55:33Johnson.
55:33Good evening.
55:33What about Laker?
55:34I think you know his name.
55:35Yeah.
55:35Well, on him- On him, I would disclose only to Rogers.
55:38You can't disclose to him what the announcement is going to be.
55:51Bring him in.
55:52You understand?
55:53Oh, yeah.
55:54I'll let Bunker put it all in the back channel.
55:55Yeah.
55:56And throw it around.
55:56Yeah.
55:56Dr. Hurwitz has just asked for two minutes private.
55:57Who?
55:57Dr. Hurwitz has asked for two minutes private.
55:58There's some minor conclusions.
55:59Conclusions?
55:59Yes, sir.
56:07Yes, sir.
56:17Everybody here?
56:26All four.
56:31Sit over here again.
56:50Well, I hope that the day will be there.
57:12And it's perfect.
57:12So we cover most of the time.
57:13You know, it's so important that they could hear something.
57:15Yeah, that's what they're hearing.
57:16Yeah, that's right.
57:16And here's something from me.
57:17I'm not going to provide you.
57:18I'm not going to find one.
57:18I won't talk about others.
57:19Yes, I would imagine.
57:40I expect everybody to talk about that.
57:42We are at a point which is, I suppose, unusual, difficult to assess.
57:44We can see that the economy is, but the recovery has not, in my opinion, declared itself as...
57:47We are...
58:11We're probably almost certainly going to fall short of the target that we set up earlier in the year, at least with respect to unemployment, to support something like the negative 4.5%, 3.5% higher than those figures.
58:35There's a possibility of doing better than that, coming closer to the target, but I think that's just rather the risk.
58:37Chances are more on the other side.
58:38There's also the inflation, but I don't think you're probably going to catch it.
58:40very good numbers in the consumer price index for uh... for four months, including years, with a very strong sign of weight loss on the weight side.
59:04And so, we're beginning to see little signs of uh... of uh... recovery, but uh... which uh... is the structure of the uh... you know, the strong path of recovery that we have set out to target despite just
59:09This is the first quarter of the year.
59:26I think we see it in April.
59:26And first half of May figures of retail sales.
59:27We are not getting the rise there.
59:29We'll be on the path to kind of getting some big range advances, but seems to be kind of the central tendency of the event.
59:34We'll start with our target, although we're finally going for much of the forecast, which is five minutes.
59:38But who knows?
59:39I think it's becoming somewhat clearer than it was.
1:00:04That we're not quite on the path.
1:00:08in November and has been coming up since for five months and has not made progress in five months.
1:00:29I've been back.
1:00:29I've been good too.
1:00:29And also both sides.
1:00:30You're just a little different.
1:00:31A very rapid recovery this year.
1:00:34I keep here for a little time.
1:00:36It's an accident.
1:00:36I agree with everything.
1:00:37Decising more than eight years is very unsatisfactory.
1:01:00The rules that don't come to you regularly, they're not published.
1:01:01For all price index, you're 5-1-2.
1:01:02What price index?
1:01:02Well, Earth commented on that.
1:01:03That shows real rudiment.
1:01:05I don't have a calculation with me about mortgage interest rates.
1:01:28Just a little bit of that.
1:01:29First of all, the first place, which is a technical matter, is very much smaller.
1:01:30If you take another consumer price index, which is unpublished, the bottom of that is based on our TMP calculations, our National Income Counts calculations.
1:01:344.7, 4.4.
1:01:43But I know the progress is very uncertain, and that's still the case.
1:01:56Well, now with the economy picking up, getting momentum by year end, if we look to next year,
1:02:03I don't know why they think it's going to be in, Mr. President, but it's going to be down.
1:02:19One of them will be low.
1:02:21It's going to be lower in the U.S.
1:02:22I think it will.
1:02:22I think it's something we're aware of.
1:02:23I don't know.
1:02:24Careful that the price increase will be high.
1:02:25The theory about that, Mr. President, is that American people are fed up with price increases.
1:02:29That's my theory.
1:02:31I may have this impression because of the kind of people I meet.
1:02:48But, uh, it doesn't have to be what the inflation that we're having.
1:02:51It's actually what you're meeting this week.
1:02:52We don't know where we're nearly ready to do that.
1:02:56You know, the President doesn't like it.
1:02:57He doesn't like it.
1:02:57He won't support him or support you.
1:02:58He said yes and no.
1:02:59Most would, but some would walk.
1:03:15Oh, well.
1:03:17Is it for business or not wanting to build that boot?
1:03:18No.
1:03:18That's a good question.
1:03:19That's a darn good reason.
1:03:24I think it would be to start with the review board to a very important steel case.
1:03:28The desire and the recommendation on Stater would not be accepted.
1:03:45All right, you've got an easy method, a monetary method.
1:03:46Correct.
1:03:46A freeze for six months, it's a drastic decision.
1:03:48I'd like to see it lifted, you see.
1:03:49There is an area of my own mind in different ways.
1:03:51Now, you run a risk there.
1:03:51You run a risk that after you lift it, you could have an explosion.
1:03:56Now, one way of dealing with that would be to lift it.
1:04:05Let's say that you, let's say you lift it early in the year.
1:04:17Do you work now?
1:04:17Once per September, it doesn't work.
1:04:19You swing the steel kicks, and that would be a test kick.
1:04:23You put it in the fridge for six months.
1:04:23You put it by March or April.
1:04:25Then you announce,
1:04:26but if there is an explosion, you reimpose it.
1:04:48We're concerned about what we have in the crisis and the effects that we have on, uh, on interest rates and on housing next year and the effects that we have on the election.
1:04:53What do you think is a probable scenario for a crisis somehow measured?
1:04:55Currently, uh,
1:04:56The first four months of this year, except for rice and food prices, which we do not expect for the rest of the year either.
1:05:19If you look at the non-food commodities, which I think is kind of the pivot of the whole thing, you've got very good performance for four months now.
1:05:22The rate of non-food commodities in the first four months was one and a half percent.
1:05:24We're not going to do that.
1:05:24I think there is a
1:05:25My philosophy is that we've got to think today about possible actions to take tomorrow and the day after tomorrow.
1:05:52The best for that, I don't know, I can't tell you what to say except for this.
1:06:18To decide, when you look at commodities, you see, it's foreshadowing.
1:06:20I see what you're saying.
1:06:20It's foreshadowing, fostering, that's what it's gonna be.
1:06:22I don't know what that was.
1:06:48A member of my staff today, an agriculture problem.
1:06:49I don't know what the consequences of that will be.
1:06:50I just thought a picture is good.
1:06:50I feel very, very confident.
1:06:51I should come.
1:06:51I don't think, you know.
1:06:52I don't think we're going to continue the CPI as low as it has been in the first four months of this year.
1:07:13I think that the general trend of things, my concern, is about how much the CPI is going to increase.
1:07:16We're expecting a decline in the rate of inflation.
1:07:36We have, after all, quite a sweet, as I said, we seem to have made a tiny wage increase.
1:07:38This is a fairly stable total, and we do really expect that we're going to be in for a period of more active rather than activity under time.
1:07:40I think that...
1:07:42We're still in a policy which was initiated, like I say, at the time of the speech, about doing what we can to select the cases.
1:07:57And I think one thing we ought to be thinking about is whether we're getting what we should be getting out of the construction business.
1:08:05Having harassed that metal has made quite an incursion into the field of white-price control in the 17th century, and I'm sure now.
1:08:11And we're getting 12 percent.
1:08:11That's amazing.
1:08:13What about what you thought of the flood?
1:08:26If we were lucky, we might be able to find out.
1:08:33Actually, we're doing a little test.
1:08:37And we also have a direct department.
1:08:38Could I ask this question?
1:08:39If it will be done, I'm sure.
1:08:39What, uh, what about the field?
1:08:40What's, uh, is the prospect there just bad?
1:08:41And, uh, from what I hear, is it good?
1:08:42steel workers lost, right?
1:08:55And April says that he's got to have a hell of a lot more.
1:09:02The steel industry, of course, doesn't give a damn.
1:09:03They never have.
1:09:04We get the voluntary police working around to protect us, but we have no steel industry.
1:09:08That's the way that it's working.
1:09:09Does anybody have any encouragement for growing steel?
1:09:10Is there anything you can do?
1:09:11I think we can do something, say something.
1:09:12Can we get these to come active?
1:09:37Well, we think that would be a good idea.
1:09:38We think that would be a good idea.
1:09:42that might have an effect here, that it's going to affect the general, it's going to affect Matthew.
1:10:02We have to get, we have to get the vote in, I think, and say, say that, but, uh, we will, we will continue to, to, to, um, if, um, if, um, if we can get some understanding from you, or a package with a limited price increase, that's what we're waiting for, otherwise, uh,
1:10:10We go to the Tariff Commission and ask for relief against injury and gefährment.
1:10:29I'm left out then.
1:10:29I promise.
1:10:30Are you scared?
1:10:30I'm not scared.
1:10:30Well, they're too late.
1:10:34They're six steps on four years.
1:10:35Well, that's a good threat.
1:10:35I know.
1:10:35That's why it is.
1:10:36It'll scare the hell out of them.
1:10:36It'll teach them to touch a leg.
1:10:37It's the same thing.
1:10:38I'll be abolished.
1:10:38Wouldn't they steal us from you, I think?
1:10:39People who have to get affected somehow or other by the rank and file workers.
1:11:00If you talk to I.W.
1:11:00Abel, he's fully aware of the problem.
1:11:01He certainly needs to be aware of the problem.
1:11:02Now, the problem is to somehow get across the rank and file and make sure...
1:11:08Well, we'll have to go back and think about it.
1:11:18We'll have to go back and think about it.
1:11:27We'll be glad that the whole problem of being tough is not easy.
1:11:28The question of being tough may not work.
1:11:29And every time they want to do it, we'll bring them in here and say, look, we don't know about that.
1:11:31We'll have to deal with it for a second.
1:11:32Well, can we go back and think about it?
1:11:33Can we go back and think about it?
1:11:38The increase from the first quarter of 1970 was 13 percent.
1:12:00Next quarter, 13 percent.
1:12:01Next quarter, 16.
1:12:08Whatever effect this board will have, it hasn't really been established yet.
1:12:27We have about time for a score.
1:12:27Well, this is what we know, Doug.
1:12:28We have a little bit of air on the board.
1:12:29All right.
1:12:29On account of the desire to defend the board, that's it.
1:12:30I think, though, it is going to be a tough exercise.
1:12:32You mean the board has not yet been reflected in the first four figures?
1:12:50That's fair.
1:12:53Yeah.
1:12:56They just really had their first case that tested anything last week.
1:12:58That was a 12% case.
1:12:58I agree with the statements of people like Steve Bechtel, Will Knight, and his people.
1:13:00The question of the deterioration of productivity in the industry, that things are quite a lot better.
1:13:03And you can see in the construction industry how unemployment works more directly in that industry than most because the jobs turn over so fast and employers have the right to reject people who are set by the union.
1:13:25They'll go back to the union and go, oh, we've got another worker, but if the union sends them somebody they don't want, they just tell them to go away.
1:13:30So that's done all the time.
1:13:31So the fact that there are people on the benches they put
1:13:33does have an impact in that industry that happens a little faster than us.
1:13:57Could I ask this?
1:13:57Could I ask this to be done?
1:13:58What is, I think the, I think in this case, how should it be brought into the, I'd like to get a scenario with regard to what are options, what, if anything, we should be, we always say all our things are about steel, I said it,
1:14:03Press conference at the University of, I'm sure, too.
1:14:18It's hard.
1:14:18I don't think we get to do it today.
1:14:19If there are some, I'd just like to see what we can do.
1:14:20I would rather not wait until they, well, the strike is here.
1:14:22And you say, what the hell are we going to do?
1:14:24There's some time to move now.
1:14:25Maybe we'll look.
1:14:26What is the setup in July?
1:14:27The first of August, the first of August, I don't know.
1:14:29Well, it seems to me, it would seem to me, based on the level of wine on this field in New York City, and then you'd have to start to build something around the 1st of the 15th of June, which the 45 days before they get, or the 1st of July, maybe, the 1st of July, August, 30 days before.
1:14:50Of course, the other thing to do is to wait until they get to August, and then you start to ask, really, what the clutch is.
1:14:54They don't really mark it seriously until they get pretty done.
1:14:58Their pattern is that, uh,
1:15:00They've been for a couple of days here in Washington.
1:15:21They're gonna bargain in Washington.
1:15:22That's nice.
1:15:22Uh, they could, uh, they could go to New York, and the company would go to Pittsburgh, so they went on to Washington.
1:15:24They were here last night, and, uh, making posture-type statements to each other, and as I understand it, they'll bargain, uh, company by company, and the whole, you know, national bargain.
1:15:28They, they, they, they, uh, they just, uh,
1:15:29Give us a study on this.
1:15:39Let's have something I can look at.
1:15:42What?
1:15:45Well, you can make it so I can do nothing, but I think that ought to be a deliberate decision.
1:15:48I've been on a seal before.
1:15:49When I was in Minesbury, my father appeared to rent it to my children.
1:15:53And now, now that I think of it, that damn strike went on for 90 days.
1:15:55That's where we were in.
1:15:55We were on a dry, 890-carat track.
1:15:56I should say we didn't settle until Christmas Eve of 19.
1:16:00We were there 14 days.
1:16:12Well, I think it ought to be a deliberate decision.
1:16:21I didn't want this field thing to happen to us.
1:16:22I remember, too, that it was quite a process, too.
1:16:24sat and met with the men over for hours and hours and hours.
1:16:39I could have credited Mitchell's eye.
1:16:40He could have done it if I hadn't been there because we met out at my house, you know, after nine straight days.
1:16:47I stopped there.
1:16:48But Mitchell, you know, he knew how to read all the numbers and so forth.
1:16:50But I was just there to put the heat on it, and I kept it on.
1:16:51But Mitchell was the issue.
1:16:52He settled it.
1:16:53I remember going to the major part of Idaho, and I had to go up and sell the industry.
1:17:11I went up to the Walmart in Spurgeon, and they had all the steel, all the steel presidents.
1:17:13Of course, they had big steel, and all the other ones were there.
1:17:15I had spoken to the Iron Steel Institute as a senator many years before.
1:17:17I forget what a sad group they were.
1:17:18I mean, you had all these guys, and I told them, you know,
1:17:21Remember, because we had to sell them, see?
1:17:32After we got the union, so we had to sell them to smaller companies.
1:17:35Because the main thing, the main factor that was disturbing to them, there wasn't a damn bit of give on work rules.
1:17:38That is real.
1:17:39They say there was a little, but you should know, George, they set up that little committee or something, and Dave and I talked about that meeting.
1:17:46We could, if somebody could get us, is it impossible to get an all-night table to talk about work rules?
1:18:04You know, I believe myself.
1:18:05We could just have, in the area of creativity, the area to try to get reconciliation of some kind.
1:18:08I just don't think you're going to get any of it to settle for anything other than
1:18:12in terms of productivity and work rules in that area.
1:18:32I think you could darn near start working on that very soon.
1:18:35It is something where everyone is strong, and it's the tax industries in morally bad shape, and they aren't going to get it simply by driving the prices they've got to do.
1:18:41Management, more of a chance to run through this.
1:18:56I was curious to see if I had any feelings for you.
1:18:59Productivity, probably.
1:19:01Not productivity, probably.
1:19:02More of a respect to work.
1:19:02They say they're very, very, you know, by company and locality, they're very heavily on piecework now.
1:19:04And they're sort of ambivalent about it.
1:19:07They like it on the one hand.
1:19:07On the other hand,
1:19:08after piece of work has been an effect for, say, three years on a given job, it usually is a detriment to productivity, rather than a, uh, it just has that characteristic to it.
1:19:32So, I really think there are things that could be done that people could be interested in doing.
1:19:34The problem with that, uh, steel bargain that you, uh, got into was that somehow that issue came out in an inflammatory way.
1:19:37He broke up the negotiations, yeah.
1:19:48Now, the promise to get this country concerted, in a way, that seems to be a constructive move to the party.
1:19:57Now, I mean, I'm not denying, was it Blau, or what kind of Cooper, particularly, who was sort of a blindster?
1:20:01Was.
1:20:01He's gone.
1:20:02No, he's gone.
1:20:03Yes.
1:20:04Well, he's there.
1:20:05He was a member of two of them.
1:20:05Cooper was tough and strong and a football player.
1:20:06He just got there.
1:20:07He gave it, and he gave that argument so that both Goldberg and our friend McDonald were able to say, well, Cooper's brought up the issue of work rules as a smokescreen in order to not talk about the price, about the numbers.
1:20:27And that now, it couldn't have been just that.
1:20:28I think there is an issue.
1:20:29I mean, I gather.
1:20:29Because what little conversation I had with that.
1:20:30But I think it's broader than that.
1:20:37I think that's the real problem with the field is generally is the workforce.
1:20:50It's a sure hell of a job.
1:20:51It's a question in some of the construction trades.
1:20:52And it's a question in railroads.
1:20:53Railroad was what's all about.
1:20:54It was part of my two fields as a field.
1:20:55I had two distinct problems.
1:20:57One was regardless of the intervention
1:20:58you might make a bunch and do it good with respect to the cash flow.
1:21:15And I agree with George.
1:21:18I think they work and all of them exist or something.
1:21:20There's others that we can sell.
1:21:20So I doubt short of willingness on your part to ultimately really take the next step that you can get into the IT field.
1:21:24If you can get any of the acting and negotiations on this deal, I hope to have a significant impact on the ultimate outcome of it.
1:21:45That's one point.
1:21:46But the other side of the problem is related strictly to the impression that you leave in the country.
1:21:51As to whether or not you let
1:21:53the negotiation of this magnitude, go without doing something.
1:22:06And it seems to me that from a strictly political standpoint, that you probably gain by trying to do something, as opposed to just sitting and doing nothing, even though, in front, you don't accomplish a great deal.
1:22:17At least you get credit for having tried.
1:22:19This is not an easy thing to take.
1:22:20But it may lay the precedent for what you may want to do later.
1:22:35I don't know what you want to do later.
1:22:37I agree basically with both Herb and Arthur that I think we have some reason to be concerned about prices.
1:22:42I think you're going to see a price move.
1:22:43I don't think there's anything wrong, obviously, with thinking about what you might want to do in terms of other than imposition controls.
1:22:46I surely would not recommend
1:22:48I don't think it's justified now.
1:23:06I don't think it will be understood now.
1:23:07I think your indexes today reflect that you've got some more time to look at it.
1:23:09I'm not a bit sanguine about the fact that these indexes are going to stay down or the prices are not going to increase.
1:23:11As I've told you, I feel very strongly that the funding is going to hit us first and be the most pervasive, but our interest rates are going up.
1:23:16I think, you know, look, this is a quick jump, and Arthur has been, uh, and frankly, I'll leave that up there for your sake, but the full committee this week, I'm not sure they're very good on it.
1:23:32That was, say, Thursday, you know, Wednesday, I think, but your statement had a very excellent restraining effect on it.
1:23:35Yeah, it was, uh...
1:23:38That's not all.
1:23:44They're going to move it up.
1:23:46They're going to move these brakes up.
1:23:47You know, that's the law.
1:23:48We have a law where they impose controls.
1:23:50We talk about the freezing, this and that.
1:23:59The other thing, man.
1:24:00You go too far and you just freeze and you're dead.
1:24:01Oh, yeah.
1:24:02Get it wrong, man.
1:24:03Money will go by the day of the graduation.
1:24:22Of course, but that's the general statement about controls.
1:24:24That's what I really think, you know.
1:24:24One thing about controls is that you're right, George.
1:24:25It's true.
1:24:26One thing about controls, though, that George really must be for, I just checked, because I thought I had a deal.
1:24:29And apart from the local boards, I mean, it'll certainly help some of the planning.
1:24:33because we set up patient price controls.
1:24:3853,000 jobs.
1:24:39That's how many were working in the dot-net OPA when we got rid of 53,000 leeches.
1:24:46Now, that's not very great.
1:24:48So that's the reason I feel so uncontrolled.
1:25:06I know what we have to do and so forth, but it's not a pleasant sight.
1:25:07It's the part where you're against it.
1:25:08You hear all those lights that you made up.
1:25:09I'm not sure that that's what I have to do.
1:25:10I'm not saying that we ought to have control.
1:25:27I just said I'm up for it.
1:25:28I think now there will be certain people who will have control.
1:25:31I said there's not any wrong with thinking about it.
1:25:33It's not wrong to think about it as long as nobody does it.
1:25:39In terms of preparing papers, auction papers, and so forth around this government, it's out in the newspapers, and it's out there, and it's gone.
1:26:00So I don't know what to say.
1:26:01Let me say, I think it's just as well a little, I think I see no reason for it to be sealed.
1:26:03I think that's just a mess, and I don't know if I can go to hell.
1:26:05Let me suggest that we talk to Jim Hodgson, and perhaps get some of his people on a very low-key basis.
1:26:08very low-key, with no publicity at all.
1:26:16And since we can, and this may be crazy, I mean, go into these various locations and meet with all the information we have, all the charts, and the graphs on what's happening to steel.
1:26:22production around the world.
1:26:30What's happened to steel production in the United States?
1:26:35I'm not trying to persuade them.
1:26:36It's a hard step.
1:26:37It's a certain case.
1:26:37These parties just say, okay, we're not here to interfere with your negotiations.
1:26:40We're not trying to scare you.
1:26:41We just want you to know you work with them to know what the facts are with respect to steel production around the world and the price.
1:26:45We're just going to make them a bitch and walk out.
1:26:47Uh, I don't know if this is any good, but it won't do any harm.
1:27:01It won't do any harm.
1:27:02In the story that we have, John, I guess it's just, well, put on quotas.
1:27:04It's like some labor in Japan, you know.
1:27:05All right.
1:27:06The truth of the matter is that our blacks are right to even put on quotas, but still won't make it there.
1:27:08Or they're going to have to figure out what their reaction is on the vote of John, but I'm safe.
1:27:11I'm in a security.
1:27:14Well.
1:27:15There's got to be a lot of objections to it, but there has to be a lot of objections.
1:27:34I think that's a very good point.
1:27:35I think that's a very good point.
1:27:35And we should get out that kind of a statement in any case.
1:27:36That's correct.
1:27:37As a matter of fact, I might take steel industry and use it.
1:27:41I couldn't use it on anything.
1:27:42You don't want to.
1:27:42It might be a way to use the educational network.
1:27:46Well, I don't talk to you about the American deal.
1:27:58Not at all.
1:28:02And here's where we were, here's where, you know, some of the, and I talked to a very, in an informal way, which could be quite persuasive now.
1:28:22Point is, how many steel workers and others will listen to you remains to be seen.
1:28:25But you could be surprised what you would.
1:28:26And I think you would have those lines.
1:28:27The other thing, so they want you to know the reason that you cannot take prime time for that is that, well, there's just a number of reasons you can't take prime time unless it's something that affects you.
1:28:32that everybody understands, and they're all going to be listening, so that your audio will just go right now.
1:28:52But the educational network is always available.
1:28:53I mean, they're here, they're here, they're here for any little people.
1:28:54Well, Mr. President, we will soon have a quite thorough report on the two ministries that they've prepared down for the Cabinet Committee.
1:28:57I have a document or a dental picture.
1:28:59Let me suggest this, that you give to Sapphire, who have time to work with Peterson,
1:29:02Mark Peterson, of course, has got some stuff, and he's a great chart man.
1:29:19And your people, and see if they can work up a very understandable, very good pitch on, here's an American industry.
1:29:25Here's the problem.
1:29:26I'd like you to know what the problem is.
1:29:27Just think about this problem.
1:29:28And it isn't, we're not singling out this industry.
1:29:30But it is so important to the future of this country and so forth.
1:29:41We've got to know it.
1:29:42And then all of us in America are going to see what are we going to do.
1:29:44I mean, how are we going to compete with the rest of the world?
1:29:47I think our point is very well stated.
1:29:48The people most likely looking at it, they're going to be the business end.
1:29:51And they should be reassured that they should be thinking about it.
1:29:54You know, they don't, they said that the good stuff, they dropped it.
1:30:04We don't give a damn about these things.
1:30:07We care very much.
1:30:09Mr. President.
1:30:09By the press.
1:30:10They don't have to determine whether they have to do anything.
1:30:14It's just the press organization will do that.
1:30:15It's not just the person.
1:30:15It's not just the person.
1:30:16I'm on that education television.
1:30:17My God, the press, magazines, everybody's 50-story running to people on education television.
1:30:19Herb, I suggest this is a detail.
1:30:19But on the first thing, you should draw a chart.
1:30:21Like one of these fountains.
1:30:23of the steel industry getting found.
1:30:30And then out of each fowl comes automobile people, refrigerator people, so forth and so on.
1:30:38What steel means to America, so that you don't just narrow it to the context of steel.
1:30:41And steel workers and steel managers.
1:30:43In fact, steel has, in the United States, in that connection, there are some who believe, the no growth school in this country
1:30:50It's another reason that it's... Another reason, Arthur, too, that it's quite monumental.
1:31:19Uh...
1:31:19While we hope that it will never be in our time, but in the next hundred years that we may have a new world, nations will certainly not have war.
1:31:39That will come soon.
1:31:40But where nations might agree to live and so forth, never soon.
1:31:43The time is never going to come.
1:31:44The whole course of human existence, they're not going to be highly competitive in one way or try to do it in the other.
1:31:46People, you do it.
1:31:59Communities do it for communities.
1:32:00Communities within industries do it to companies within the industry.
1:32:06Unions do it to unions.
1:32:07That's human conduct.
1:32:08And I believe they have a second coming of Christ.
1:32:10The law in every single planet is going to change the people.
1:32:11Maybe a little.
1:32:11Maybe a little.
1:32:11They might not shoot each other.
1:32:13They're still going to compete.
1:32:13So, well, listen, I say crack it.
1:32:14That might be interesting.
1:32:15But I keep making visual this time, rather than just...
1:32:32The other way to do it is to go on and talk about it.
1:32:35I can go on and talk about it.
1:32:35See, I have a...
1:32:36I have a series of radio talks coming up on Sunday afternoon.
1:32:38I could replicate the name very nicely there.
1:32:39The trouble is that the, you know, steel thing, I think the visual could be quite effective.
1:32:41The visual could be quite effective.
1:32:42I have a question.
1:32:42For now, you'll be, uh...
1:32:44So, this would have, uh...
1:32:45Right.
1:32:53Police knows we know.
1:32:56Well, let's go on to...
1:33:00I thought we could probably get to the news department.
1:33:03But it's worse than this, so don't take long, please.
1:33:06We're going to plan, evidently, a two-day budget session in about the last week of June.
1:33:14like we always have, and we'll have a, we're going to have a following, we've got a two-day session on where do we go from here that you and I were talking about yesterday, what are our goals and so forth and so on, and some papers we're on that tell us a lot about what you do.
1:33:37I don't know if that's what you were talking about.
1:33:38You know, how bad it is.
1:33:39Just as an additional comment, I was talking to Eric, and Eric was saying, you know,
1:33:44You can't help but feel the difference between us.
1:34:04And the other thing that I've had, and I know others have been, or with current industries, even with the kind of build-ups that's going on, that there's an awful lot of discounting in these markets.
1:34:11I mean, many of these meetings with Peter Blanket had a battle of price chiseling and so on, which for some reason made me feel good.
1:34:14They're stating it as a complaint, but it's a sign that markets are soft.
1:34:36Now, if the way Archer thinks the economy is likely to move, which it would be to say, I guess, substantial below the 10.65 kind of movement, I'm talking about cold, then these markets are going to stay more or less the way they are now.
1:34:42They're going to be a lot worse than us.
1:34:51They're going to be a lot better.
1:34:59They're going to maintain that, and I think there will be a discipline by that.
1:35:03My opinion is, however, that they need to move pretty simply.
1:35:06And the criticism that's made, and I'll think about it, is that we aren't anywhere near expensive enough for cag metal.
1:35:16But they don't recognize how stimulating the budget is, how it's shaping up.
1:35:38And I think they're probably underestimating to some extent the strength of any kind of budget that we may very well get.
1:35:42Then I think our problem, I'll agree very much with Arthur, that our problem next year will not be on a toilet and all the discussion about that and all the inflation.
1:35:46This is a very big deficit.
1:36:03This is going to be very hard to turn our way.
1:36:07It brings me to the budget picture.
1:36:08In 71, we have a fairly good fix on that.
1:36:11Our outlays will be pretty close, certainly within a billion, and perhaps a little less than that.
1:36:14We're now moving outlays into fiscal 71 as much as we can.
1:36:15from fiscal 72 to the extension of the shift that we feel that we want to build on fiscal 71.
1:36:37The revenue estimates as John's people have now had their April 15 tax returns, they've revised downward.
1:36:42They're down to about 191.5 at this setting, from about 194
1:36:44Now, that drop is partly due to the Social Security wage-based deferral, but not much.
1:37:01Mostly it's re-estimates.
1:37:03That gives us a deficit for fiscal 71 on the order of $21 billion.
1:37:08Ways will be within a full-fledged revenue.
1:37:09As a reminder, that's where I'm sure that we can.
1:37:11The 72 picture is fairly uncertain.
1:37:11We don't have any appropriation yet.
1:37:13We only know the things that have already been done to that budget by the Social Security, moves by H.R.
1:37:331, various things that we have set up.
1:37:34It's the welfare reform bill, but it isn't just the welfare reform bill.
1:37:37It's the Social Security.
1:37:39Big changes in Social Security in the animal categories and various things of that kind.
1:37:41The that we now have is the
1:37:43Operating off a 1065 GNP, so it's comparable.
1:37:551065, basically estimated.
1:38:00217.6, when the document was published.
1:38:05Social Security Regulation referral.
1:38:071065.
1:38:08Treasury's rethinking about the yield likely of the tax return of the extension of the depreciation of utilities.
1:38:34We bring the revenue estimate down to 212.3.
1:38:35We have a projected outlay of 229.2.
1:38:36You remember the time of the budget was 3.
1:38:36Mostly congressional increases through the HR1 through
1:38:38of Medicare through not doing what we were trying to get them to do on cost savings in the medical system and a whole variety of things in about $4.5 billion or so added to the budget prospectively.
1:39:01As a congressional, some is uncontrollable, some is out of the business.
1:39:06We've done a response to congressional initiatives to, in other words, basically to hold attention
1:39:08Right.
1:39:17Now, uh, the president's budget has submitted that group and had, uh, all the things that have been done in the city, and that'll all get passed exactly the way it was submitted.
1:39:33And I'm saying we don't need to make that assumption.
1:39:34To get out of there, there's another city of $235 billion.
1:39:35$235 billion.
1:39:35So you're up, you're up pretty, well, quite a little bit.
1:39:38The appropriations, you see, I haven't even started because I've got any single appropriation bill.
1:39:56The only one that's active on it at all is the education bill.
1:39:57We used to have that.
1:39:58Oh.
1:39:58Where our big picture here was avoiding a billion dollar interest in the budget and getting it down to a little under 300 billion.
1:40:00Now...
1:40:02has been the posture of the 21 billion deaths back to back to the 22 billion deaths.
1:40:23We wind up in 72 with a lot of inflation.
1:40:24That's going to be a tough thing to deal with.
1:40:26Obviously, there are places where it's likely that there'll be less than in the present,
1:40:32through that course for HCC.
1:40:47We were driving for all these programs, kind of the sharing and so on.
1:40:51And we want those programs now for, you might say, a $235 million budget if we're fighting problems.
1:40:58Myself, or more fiscal stimulus.
1:40:59But I appreciate what this budget picture really is.
1:41:02And I have, John and I were talking about this the other day at one of the meetings.
1:41:22I've wondered whether or not we shouldn't adopt a little different public posture than we did last year.
1:41:24Last year we had the, we just didn't talk about the budget until the appropriation were finished.
1:41:28So we didn't really keep people posted on what we had very well being that we should.
1:41:31periodically, not necessarily every month or regularly, but periodically, make a candid statement of what we think is now happening.
1:41:51And I'm just concerned about this.
1:41:52I hate to talk like this.
1:41:52I'm beginning to be more and more of a budgeteer, I guess.
1:41:54Uh, I haven't said anything about the fiscal 73 budget.
1:42:11No, not yet.
1:42:13We have learned, because we're dealing on this base, and we have full budget revenues with the taxes going down.
1:42:18We're just not there.
1:42:20I think your problem, though, is to convince the country to list deficit for loans from the activities
1:42:24the plans of the opposition party.
1:42:31What you're gonna be, you're gonna be like what?
1:42:35A cumulative budget.
1:42:36I made the calculation, but I think the cumulative budget deficit for your administration is gonna be larger.
1:42:41Mr. Rick?
1:42:41I think this is one way, and another way in which it is.
1:42:46They, uh, I think we might all have to do some unorthodox thinking on new economic plans for what you can build for the country, and say, I'm putting an end to that.
1:43:08I...
1:43:08Maybe new taxes, maybe fresh and wage-free, and new economic policy, because this isn't where the old economic policy is landing us.
1:43:11I think you've got the chair spotting you, right?
1:43:12any further than I'd like to go on this.
1:43:31I'm thinking out of love, George.
1:43:32I'm thinking out of love, and I'm thinking of a constituency that I know and know well, and that's the business of the national community in this country, and I don't think we have degrees like this.
1:43:37The posture that we have tried to take here is that the basic budget plan has put into effect
1:43:42to help through some stadiums, and I certainly would agree that we should continue to talk that line.
1:44:02The danger, of course, is, suppose the expansion doesn't come through, then we need to look at it very strongly, and that we're going to look much better here than how I think we've been.
1:44:09The question is what effect that has actually on the economy.
1:44:40What a limitation, shall we say, of the full amount of revenues.
1:44:54Yes, sir.
1:44:55Oh, yes, you are.
1:44:55Anyway, in the background of the film, but you know you are for 71.
1:45:01For 71, we're still all right.
1:45:02Yeah.
1:45:02And we'll have all four years in a row there in 72.
1:45:05The full amount of revenues, the order of $228 billion.
1:45:07So, right.
1:45:07So, 75.
1:45:07So, 75.
1:45:08Well, I think on 72, the person who would have started the reports until then, and who will have a hell of a long time, about three to four months for a time, so they're going to start passing these appropriations bills, and the ones that have the big, big bump in them.
1:45:32I think you ought to follow George's suggestion, put out these periodic reports on it for several reasons.
1:45:34First,
1:45:34to the extent that you're getting beaten over the head by the opposition, Congress, the Hellers, the Nildons, and so forth.
1:45:47It is largely that you're not doing it in an expansionary way.
1:45:48Now, if you're going to bear the brunt of that criticism, you're also going to bear the brunt
1:45:51criticism of deficit spending, you might at least tie the two together by periodic reports and say, they're wrong, we are doing this, we are engaging in deficit spending, we are trying to stimulate the economy by fiscal means in order to provide a job, just to face up to the tangential benefit you get from it.
1:46:15It seems to me it is a reporting to the American people so they know what's happening on a periodic basis and so you can share some of the criticism.
1:46:20of deficit spending among those who want to criticize what the Congress should do.
1:46:31Because they're contributing substantially to it.
1:46:34And you're going to ultimately, you're going to have a breakdown and you're going to look for another blessing.
1:46:39And if you don't keep people informed and you go along, you'll never be able to explain how it happened.
1:46:41Beyond that, there is a, there is a downside to this.
1:46:43Both the fact that it's happening and the fact that you're reporting it.
1:46:45And that is the business community.
1:46:59Basically, after you've heard, I don't mean to say calamity, except that the business community is going to view that as a very funny thing.
1:47:07But it's happening anyway.
1:47:08The business community knows it.
1:47:08So you might as well get everybody else to know it.
1:47:09So you're not telling them something they're not aware of.
1:47:10And so I think there are a lot of reasons why you ought to go on and on.
1:47:14We've got a plan on how we can do that.
1:47:15That's a good idea.
1:47:16Well, we don't have to do that.
1:47:43We don't have to do that.
1:47:47The standards say we're not spending enough.
1:47:57I guess a terrible thing that I would put into the idea is that fiscal policy matters.
1:48:07This is taking 12 or so months from now.
1:48:09And if this economy is really expanding even as fast as our economy is, and
1:48:13fiscal policy can't stipulate that you're out of Denver.
1:48:30You haven't been out for a while.
1:48:31I've been there.
1:48:32I'd like to see something expensive reported.
1:48:32There's another reason, Mr. President.
1:48:33I'm very firm in my own view that next year your principal problem is going to be how do you handle inflation?
1:48:35I have no question about it.
1:48:37All year we've made these reports.
1:48:38We're saying that Congress is overspending.
1:48:38We're saying...
1:48:39They're responsible for the Social Security.
1:49:00They're responsible for this issue.
1:49:01Report this to the people.
1:49:01At least in play, they're probably going to get in with it next year.
1:49:03And I just believe that as well as I believe my money.
1:49:04I just don't see the downside to the sort of thing George is talking about.
1:49:06As soon as I get out of a type of reverse, good.
1:49:06The next time we could meet, we could look at it.
1:49:07I think there's a need to rush it on down.
1:49:10I think it's a very good idea.
1:49:17I think the suggestion, you've got to report, you know, you've got to get counsel.
1:49:22If you need any more, you know, we'll tell them.
1:49:23They said that all of your opposition, these economists, these reporters, they all know what's happening.
1:49:39They've tried to write about it.
1:49:40And then if you don't disclose it, then they blast you for trying to cover up, trying to hide something.
1:49:42At least this wasn't going to happen.
1:49:48I mean, it's perfectly candid what they've heard from people and say, here it is, here's what's happening to you.
1:49:51And that's not a good report.
1:49:51I think it helps the...
1:49:52with threats, generally speaking.
1:50:00I don't think they already did yours.
1:50:03All he knows is that people who benefited by the raise of Social Security, they go around and say, boy, I'm in good shape.
1:50:06But the people who are going to have to pay for it don't realize what it costs them.
1:50:09All the people who benefited by Social Security agreed to see me the other day, and they said it was just right in their savings.
1:50:20I've seen the whole process of what we've done up to this time.
1:50:38We've been very generous to the wives, to the poor, to my dad.
1:50:42We've raised their prices.
1:50:42Look at the coldest board of things.
1:50:43Look at that goddamn airbag.
1:50:44We've raised the price of the opticals.
1:50:45Oh, he's just king of an inch.
1:50:46Did you really?
1:50:52Yeah, they had it all fixed out and I had the order run and put it out.
1:50:59I put it out in front of every car and I'd have to have an airbag next year.
1:51:02It's unbelievable what those safety nuts were for you.
1:51:03I said, for them, do they want to go to Red Bicycles?
1:51:05How many icicle accidents do they have in their car?
1:51:06They're more people killed on the icicles than there are automobiles.
1:51:07Well, I think that's enough on that subject.
1:51:12We've got to spend a little time, could we, on the monetary thing here.
1:51:21Okay.
1:51:24Mr. President, we've got the international side.
1:51:25You fellows are all leaving.
1:51:29Let me say that, Art, if you go to this snake meeting or a different one, Art, how does all this work out?
1:51:35No, I'm going, sir.
1:51:36You all go to the snake meeting?
1:51:36Yes.
1:51:37Weird.
1:51:38Yeah.
1:51:38All right.
1:51:38There are six of us, I guess, on the program.
1:51:39Too many.
1:51:39Too many.
1:51:45I hope you all can say something.
1:51:48Arthur's on the program.
1:51:49Governor Mitchell of his shop's on the program.
1:51:54Governor Billy Dane's on the program.
1:51:55Paul Volcker's on the program.
1:51:56I'm on the program.
1:51:59Paul Volcker's on the program.
1:52:00I'm on the program.
1:52:00The Congress student who's a consultant to the Treasurer's on the program.
1:52:05Who else in your shop?
1:52:07through the, uh, bad parts of the beginning.
1:52:20Well, I don't want to go around into conflicts.
1:52:25I'll have one, two, one, or four, and they'll all have the same audience.
1:52:28Excellent.
1:52:28You'll have a chance there to be pulling things together.
1:52:30The, uh, the part that I, which is what John did, he studied all through New York on that, uh,
1:52:33The, uh, this has to do with the number 72, which is related to a policy hearing, and certainly not exclusively, but the problem in Europe, and there's certainly a problem in the United States, and that's because we've been very, very, uh, let alone members of Congress, of course, many members of Congress, the situation is different, we distinguish that, but I think it's, uh,
1:53:01I went over to see John yesterday.
1:53:18He's an economic spokesman for the administration in the field of economic and monetary policy.
1:53:22He's the Secretary of State's chief foreign policy spokesman.
1:53:23I mean, there may be others who will get the White House to me.
1:53:25Basically, the Council of Economic Ambassadors, of course, had a special role in connecting to the county, his area, and the Secretary of Labor, his area.
1:53:47It's important to have that coordination and that connection so that when the Secretary of the Treasury goes out to testify, that somebody else says something else the next day and so forth.
1:53:51I've had criticism of anybody, everybody, or this is certainly something that we're working on, this setup in his office.
1:53:53He didn't ask for this.
1:53:54He's been pushing it to us.
1:53:55He has got it set up in his office, a procedure that should be a simple procedure, and a procedure through which there can be versions.
1:54:16I know you already are doing.
1:54:16We can all get together and discuss what your mind is going to be.
1:54:18And second, there's going to be a significant testimony or a significant speech that we have the Secretary of Treasury.
1:54:20In that way, the other possibility is
1:54:22of how it can be done and be never done through the Council of Economic Advisers.
1:54:40The difficulty with that is that I think that we realize that in terms of a public explosion, the big gun is your secretary or treasurer.
1:54:46He's the guy that's got to get out there and carry the thing.
1:54:48And others are in the White House, of course.
1:54:49I mean, I've told John, the Council can be used and should be used, of course, for purposes and
1:54:51You know, for me at this time.
1:55:01If you could say it, if you could do it, Jonathan, do that.
1:55:04I mean, I like to see you work on it.
1:55:07You've been discussing it with Herb and Archie, Paul, of course, and George.
1:55:10And I think Jim has done it in a different way than Jim and Maury.
1:55:12And the more that we can have that single voice, it's far better to have a single voice in any area than in all of us.
1:55:16that you know is wrong, that you're working with hospitals to do is to get, and that's the confidence factor, too, that's involved here.
1:55:38Now, the, it's heavy, I understand, I don't know, a couple of cataclysmics, the Europeans, I don't get to say this, they said they didn't have a problem with it.
1:55:41Many feel that, in the field, the foreign policy, they don't worry about where we are.
1:55:44One of the other things that did come recur from time to time was, you know, that feeling that you're out there.
1:56:06It's just cooperating with everybody.
1:56:07And it doesn't mean, I'm going to say, it does not mean that I do not, I want, and it's very important, the number of forums we have and so forth and so on, that the members of the Council of Albany do extremely well, and George and places where his
1:56:14I do think that we need something to work out.
1:56:26Rather than my getting to it, I think all of you sit around and give us a scheme.
1:56:34It would be very helpful.
1:56:35Arthur, you and I talked about this many months ago, you know, about this, at the time, I think, before...
1:56:52It's a very good idea.
1:56:52Now, the other point is that, in terms of Arthur's relationship, because we've got a naturalness, he does have a special relationship.
1:56:55What we have to count on there is that the Secretary, that John Connolly and Arthur Burns, and I know they're doing that, to not know what each other's doing and talking, of course, Arthur.
1:57:03The relationship there is good.
1:57:26But I think that if we could do that, we need, in that connection, we need more meetings of the Quad Rehab.
1:57:30We'll have more meetings of the Quad Rehab.
1:57:30Excuse me.
1:57:31Let me say that I don't want to expand this to
1:57:32The kind of meeting, to me, is supposed to be one of the thrillers, except for cosmetic purposes, to say, bring in economic policy.
1:57:52If you invite, for example, and we tried it for a while, if you invite the Secretary of Commerce and the Secretary of Labor and agriculture thinks they should be there, housing thinks they should be there, because housing is a big part of it, before it actually set the whole damn cabinet.
1:58:01And it is not a discussion.
1:58:01It's just a, you know, and you had a briefing
1:58:03I will see those individuals and I want all of you to, you know, you can keep in contact with them.
1:58:28I think it might be very useful to have a hobson come in and participate in the discussion and just listen, you know, talk about it.
1:58:30Because it can allow an interest that we don't have.
1:58:32And the same where there may be something that stands out.
1:58:33It's not only a question of meetings, of everybody having a meeting of their minds, but it's a question, too, of setting up a system.
1:59:00Major statements, major statements are, and I don't take clearances in terms of
1:59:03or any of that sort of thing.
1:59:22There are major statements that are going to receive big money that you at least call somebody.
1:59:23Like for example, if Fort Rogers goes on the press or, you know, just calls me on the phone, we know, we can know that there are about three or four questions where he must be damn sure he's going to get off the reservation before a visitor has a background.
1:59:29He says, well, I plan to get in front of this.
1:59:30See, the foreign policy area, I control this.
1:59:32The domestic policy, I think I've got to put it to Conley for him to do it.
1:59:51I think a lot of our problems come not from major statements, but from anonymous comments that officials said, and I'll take it from there, which is a private deal of what the administration's policy ought to be, but isn't.
1:59:55How do we get it done?
1:59:56There's only one way, Mr. President, self-discipline.
1:59:57Yeah.
1:59:57and a strong word from you to what I'm concerned.
2:00:11Well, I'm taking the word here, and I would expect John to give the word down the line and crack the question.
2:00:17We all, and as I say, it's hard to, you know, all the people who work in this area are smart people, and they have pride, and, you know, they don't want to hear dumb stuff that I can press and ask them a question, and so...
2:00:24They give their views.
2:00:41I understand that.
2:00:41And, you know, everybody's sort of busy with it.
2:00:42I've made a contribution that way.
2:00:43But the long run, it's not going to help the cause.
2:00:44In a, um, conversation today with, uh, probably the best central banker in Europe, the first-team central banker, John DeFranco, who was here yesterday, who was amazing, was a nice minister.
2:00:51I was going to stand there.
2:00:51And, uh, you know, we had three shillings on that point.
2:00:52The best, uh,
2:00:53Because the thing that I would hope when you all go to Europe, because John and I talked yesterday, and I know that he had talked to you, so I think this may be the case.
2:01:17It's very important that in Europe, it's very important that we take a confident line, and all of us are going to take it.
2:01:19I think it's important with regard to our economy, that our economy is strong.
2:01:21Second, it can be a very aggressive line.
2:01:22with regard to the fact that in fiscal policy we are going to have restraints.
2:01:40Restraints that were not agreed to on the education bill.
2:01:42You did the governor to take a million dollars to take those teachers off their jobs.
2:01:44He'll have a few more.
2:01:46All right.
2:01:46And we're going to... And we are keenly aware of this problem.
2:01:48That the... That as our... As the...
2:01:50In our...
2:01:52In our studies on productivity through our own self, I think also, however, we should be on the side.
0:00And it's, as I say, it's hard to, you know, all the people who work in this area are smart people, and they have pride, and, you know, they don't want to appear dumb.
0:23Sometimes I first ask them a question, and so they give their views.
0:24I understand that, and, you know, everybody's very busy, but I've made a contribution that way.
0:26But in the long run, it's not going to help the cause.
0:27In a conversation today with the West Central Bank Committee,
0:29The thing that I would hope when you all go to Europe is John and I talked yesterday and I know that he had talked to you so many this week but it's very important that in Europe it's very important that we
0:58I think it's important with regard to our economy, that our economy is strong.
1:18Second, it could be a very aggressive line with regard to the fact that in fiscal policy we are going to have restraints.
1:21Restraints that were not agreed to in the education bill, not due to the governor.
1:23take a million dollars to take those teachers off the job.
1:38It'll have a few more.
1:43All right.
1:44And we're going to, we are keenly aware of this problem.
1:47That the, that as our, as the, in our, in our studies on productivity, our own shop, I think also, however it should be on the science, that I think they've got to know this because every one of them thinks that these are
1:54They all worry a hell of a lot about balance of payments.
2:11And the question is, or balance of payments or international monetary movements, but the question is the choice between an international monetary weapon or the future of our own economy.
2:17That's the problem with the Germans.
2:18I mean, Grant is a socialist.
2:19Grant will not give up on any of those programs.
2:20He's not going to let them go.
2:20They're going to inflate more.
2:21It's going to get worse.
2:21We'll have the 1% unemployment.
2:23I know the Germans
2:26and what they're up to.
2:38Well, I understand.
2:38That's a political decision.
2:39But I think that we should, we have got to be, they must realize that we do have, we are, of course, very honestly concerned about the international, the stable international monetary situation.
2:46We are concerned about our balance of payments.
2:50We are concerned about inflation.
2:51We also have
2:52We are very, very concerned.
3:02And our primary responsibility, therefore, is for our own domestic economy.
3:08And the strong, growing, expanding American domestic economy is very much in their interest.
3:12You know, the downturn last year didn't help Europe at all.
3:31It hurt them, too, you know, every time.
3:32I remember my first trip to Europe as president in 1969.
3:33I was around there talking about how we were going to cut the budget and all the rest.
3:35And I, in 1969, in February of 69, I actually came into office, and I said, we've got all this inflation, we're going to cut the budget.
3:37I was amazed at the fact that the Wilson Academy had, to my amazement,
3:44The police, they may have complained, but they said, let us just say one thing.
4:02What really matters to us is to be sure that the American economy stays strong.
4:07Because if it goes down, that's going to hurt us.
4:08It's going to hurt everybody.
4:08And the same thing I got to drink in Africa, which happened at a later time.
4:10So we all know, we all know this, that the tendency is, I think when we go to Europe, and I speak now in a political sense,
4:13I think that we must be very positive, confident, aggressive,
4:42indicated that we believe we're doing the right thing, the right thing, that we're not going to be irresponsible, but we are going to watch the American economy and see that that economy continues to grow.
5:01If I take a matter like industry, for example, now I'm not.
5:04I'm in this field, I know, I know the problem of it, I know, I know, I just, I looked at some of the figures here as to what had happened.
5:20The interest rates go up, they may bounce up strongly, I mean, again, instead of having 1,900,000, it starts moving down to 1,200,000 again.
5:24They've become awful fast.
5:24We just can't have that happen.
5:25Now, the interest rates, in fact, the first thing we did when we came to the Fed, I don't know if you remember,
5:27You lower the interest rates.
5:36I'm sorry, but we haven't had the damn steel strap.
5:44We've looked pretty good, but I don't know where we're going to go.
5:46The point is that I'm talking around this pretty much because I only know it, but I know these meetings.
5:50You look at them, all of you, and must look at them, and try to raise financial and economic gains.
5:52But they have enormous political over.
5:54the Germans, the rest all together.
6:12And I just want you people to be, and so you can hope here and make up things if you think they're the right thing.
6:14It's very important for us people over there, strong, confident.
6:16Now look here, we're not benign to the black community, that sort of thing, but we're not going to change our policies because of the concerns that this or that or the other country has.
6:21One other point I made briefly
6:22And I think all of you would share this because it's a, I've always been intrigued with Archer's point of operation, the price of going to death.
6:40That's what I know about, that seems to me, it's because of something that I can grab and see.
6:45But whether that is the right move or something else is the right move remains to be seen.
6:47This I do know, though.
6:47I think that the utter madness, with utter madness, at the time of the crisis two or three weeks ago,
6:51the Americans have gone rushing over to the Hague or some other place and sat down with some of the bankers and worked out some new scheme in order to save the market.
7:07It was the end of the crisis.
7:07Exactly.
7:08That's the point.
7:08But here's the point that I wish to make.
7:10I have raised, if you remember, I raised it over a year ago.
7:17I said, why don't we have an international monetary meeting and people said to the crisis and everybody said, well, this isn't the time.
7:19See, the
7:21The way I feel on that point, when I hit the boat, is the same way I feel about foreign policy in general.
7:39We have this very significant breakthrough on arms talks because we have a major deliberate plan.
7:44We have to keep the lid on everybody and it will work.
7:45It will work.
7:46There should be no international monetary policy in politics.
8:17a conference in which it's even suggested that we're going to develop some sort of a new system, unless and until we have our doubts in the road, we know what we want to come out from that thing.
8:37Now, it may be, incidentally, that all of you, the experts in my life, I would hope that all of you think about this.
8:41You may decide, by golly, maybe it is time to do it.
8:42Maybe we should move in that direction.
8:44If so, let's decide it.
8:45Let's plan it.
8:46Let's initiate the conference.
9:04Let's organize it and direct it and have it come out the way we want.
9:05Now that's my attitude and that's their thing.
9:06I just don't feel, but I don't feel we should react.
9:08But they have problems here, there, and other places.
9:09Even though we are partially responsible, let's assume that at home.
9:11But our reaction should be to rush over and say, oh, what can we do to beat our press and then do something about our press.
9:13I think we were very wise to keep our heads
9:15And not just for rushing over there.
9:31A telephone call or two, we made a call, and that was fine.
9:32That's the little cute thing.
9:34But we didn't pay off too much.
9:34I was glad, for example, we didn't have to approach from directly or anything like that.
9:38Because we had a fish, probably with the Germans.
9:39Very important fish at the moment.
9:40And I would not want to pay off something in this area, where in the political field we may be able to do something.
9:42That is very important.
9:42We just want to hold them.
9:44I started to have a feeling I had gotten off.
9:54You've got a different feeling, John.
9:56I didn't share this with you.
9:57I did share this, but I don't have a different feeling at all.
10:01I mean, we still have a little disturbance, as you know.
10:03The switch to re-evaluate is 7%.
10:05We lost you 5-1-0-5.
10:06The debt should blow you.
10:06No, it won't.
10:07The difference from what the fixed parity was, and that's the same as you and the Germans, the feeling is that when it all settles down to the maximum flow, that there might be 5% difference in the fixed parity of 366 that was in existence before this disturbance.
10:26And it's very difficult for anybody to be wise enough to know that 5% of what kind of currency values are in this world.
10:31If they give us the next frame, I think our economy may have improved.
10:58It improved from one day to the next.
11:01Hurts into the point where the situation played the entire commercial.
11:22Archer probably had told him about the gold.
11:23Well, I haven't had a chance to talk to Archer about that.
11:24I'm sorry I didn't get that.
11:25I'll raise some of his prices because this is something that I don't think we ought to be talking about.
11:27We obviously can't talk to you about it.
11:28I had talked to him in a strictest of comments that I didn't invite him to my shop in fact.
11:30And I was really, uh, broken for information for America.
11:43I don't know anything about gold.
11:44Nothing about gold on that.
11:44Uh, we're still in very good shape.
11:46We've got, uh, ten billion dollars, uh, plus the gold.
11:50What, what are you talking about?
11:52Well, I was talking about something else.
11:53Well, how much?
11:53Well, I don't know what you're talking about.
11:56I think what I was talking about was the, uh, the, uh,
11:59It's the, uh, not the, not the... That's what I was talking about.
12:18Yeah.
12:18You know, that's the money you owe.
12:19Well, you owe me some money.
12:20That's what you owe me.
12:21That's what I owe you.
12:22That's what you owe me.
12:24I basically agree with it.
12:37I disagree with it.
12:38I don't think it's time to do anything.
12:39I think your thoughts were well taken.
12:41I just think the worst thing could happen to us.
12:43I know the worst thing could happen to us.
12:44We cannot get Maryland, and this is what I'm carrying in my heart, and I'm going to carry it up.
12:46We cannot get it to the bottom.
12:46We cannot talk about the price of gold or revaluing the gold, or we die of crisis on our hands because we have officials.
12:49uh, obligations and official debts in excess of $26 billion in the hands of foreign governments.
13:04Now, it is significant that Malaysia came in here, a little country that has $5 million in gold the other day.
13:09And, uh, if this gets started, we, indeed, we will have to close the door.
13:10Now, maybe this is what we want.
13:11We ought, that ought to be a deliberate decision that we make as a government.
13:13It ought not to come as an accident.
13:14Uh, so, uh,
13:14Well, let me just say this, but I suggest that this is something that I am not sophisticated on, and I'd like for you and John to talk about this argument.
13:32Oh, sure, we can talk about it.
13:33That's fine.
13:33We can talk about it.
13:34No, maybe we can talk about it.
13:34You know, we can talk about it.
13:35Yeah.
13:35Maybe we can talk about it.
13:36You understand?
13:39I just want to be sure that I brought this up because the letter came to me.
13:41Well, I think this will have to be your decision.
14:02Yeah, all right.
14:02Start thinking about that.
14:03Well, how have I been?
14:06All kinds.
14:06Yeah.
14:06Right.
14:06Is there anything more?
14:07Is that the right line on this comment?
14:08I think so, to be honest with you.
14:09And, uh, you've told us, I think that, I think basically you and Arthur are the key to it.
14:11You sit there, you always fall together.
14:12He's an old poker player, and I am too, and I think we can hold that one game up.
14:24Do you ever play any poker?
14:25Do you ever play poker?
14:25I don't know.
14:26You know, like I said, I stay up because I do other things.
14:27I'm sorry to say that.
16:51In the meantime, I'll see you tomorrow at 7.25, all right?
17:00Yes, sir, I guess so.
17:02Get off by whatever time.
17:03Yes, sir.
17:04I'll have breakfast on the plane.
17:14All right.
17:14Thank you.
17:14Breakfast on the plane, sir.
17:15All right.
17:15Thank you very much.
17:15All right.
17:16We'll see you.
17:16All right.
17:16Thanks, sir.
17:16The French, the British, the Italians...
17:19Maybe the Japanese know that there's nine or six of them.
17:34I don't think so.
17:35If we go up on this planet and know where we might have to go, then as a matter of fact, as a matter of fact, then, for example, if we decide we want to go up there, I should go up there.
17:45That's what I mean by planning the conference.
17:47rather than going riding around over there and being in the canyon.
18:04You will go there in those three days, don't you?
18:09I'm an explorer, but... No, I will.
18:09I will see.
18:10Don't worry, I understand enough about it.
18:11But you get my thinking.
18:11You see, this thing we announced yesterday is probably the beginning of the most terrible ship in World War II.
18:16And it's, there is always an arson on the work.
18:35Do you have some substance to the fire?
18:35I thought you wouldn't, and maybe not.
18:36I'll let you know later.
18:37Did I come through, or what?
18:37All right.
18:37Goodbye, Archer, and thank you for your, you got your conference here.
18:39I don't have a cell phone.
18:40Where is, uh, incident?
18:40I'm supposed to give something to her, but I'll just die, and he doesn't have anything either.
18:42Why don't you take your time?
18:44the people who only spend more than an hour.
18:56Thank you very much.
18:56Have a good day.
18:57Did you read my statement?
18:57Yes.
18:57Not commerce.
18:58Yes, very good.
19:20Oh, I'm sorry to keep you waiting.
19:35I have to get the ball.
19:36I have to apologize to your president.
19:36It's so late.
19:37Oh, I see the VFW got a hold of you here.
19:38I submitted that VFW to Tommy.
19:38Hey, guys, well, Allison's going to leave.
19:40Oh, I forgot.
19:40I had to have a drink.
19:41Oh, you should work.
19:41You should work.
19:41That's a great thing.
19:42It does out there.
19:42It's on Carol West's side.
19:43Those companies, they have an art exhibition up there.
19:44All right.
39:30Oh, that's here.
39:39Holy shit.
39:40Hey, hop on.
39:41You've got to jump on.
39:41I've never even had a baby before.
39:43No.
39:43I think I've lost a brother.
39:44I'm sorry.
39:44Oh, yeah.
39:44Oh, no.
39:44That's the... That's the... That's the...
39:48That's very good.
39:54Very good.
39:55Joe, hey, now that you've been here, we have that little time for people to do things without me.
39:58That's it.
39:58That's it.
39:58And the golf ball, don't hit it out of bounds.
40:01I will.
40:01Never.
40:02Never.
40:02Joe, think I did.
40:30Do you have the remarks for tomorrow?
40:59I think I do.
40:59Yeah.
41:04I'm going to pass this in.
42:06Yeah.
42:09Yeah.
42:11What's that?
42:12He can give you a call when he returns.
42:29Oh, come on.
42:42This was here last night.
42:53Oh, oh.
42:53This is everything.
42:54That was the first draft.
42:54No, I had the... You had the second draft.
42:55There's everything.
42:56But he was the first to bat in this, and I wanted to make sure he had it.
42:57Oh.
42:57Quiet on that, sir.
42:58There's a pool.
42:58Right.
42:58We should be there.
42:59I don't see what we did.
43:19Ask him.
43:19Ask him what happened.
43:20Take somebody else off if necessary.
43:20We're down for two days.
43:21Is that on him, sir?
43:21Yes, sir.
43:36That library is unbelievable.
43:50What kind of library?
43:51Oh, my.
43:52A scale replica of the old office.
43:55But it's free.
43:57You don't need to sell anything.
43:59This is it.
44:03This is it.
44:05It's reduced slightly.
44:15It's reduced very slightly.
44:24Let me say this.
44:27I have no opinion.
44:28Absolutely no.
44:33the whole library plant.
44:47You don't want a mobile office here in Santa?
44:51No, I don't.
44:52I don't really understand ever to use.
44:53I don't even go near the goddamn library.
44:55I'm going to work.
44:55I'm going to use my home.
44:56You know what I mean?
44:56My office is going to be in San Clemente, you see.
44:57So don't even plan that.
44:58I would dream of having an office for me in the den.
44:59That would be ridiculous.
45:00I wouldn't think you would.
45:00I don't know why.
45:00If I met any of the readers you wanted or any of the guys you'd have sent over.
45:03I'd go with whatever is adequate.
45:26It's not, no, I mean, so it's the event.
45:27I've been to seats, but I've been to some booths, and as John said, all you need to do is be nice.
45:36Not too abusive.
46:00What you wanted to do was have an informal dinner to honor the graduates in the Washington area of his West Point class on their 25th anniversary.
46:26They can't get full class representation because some of the alumni are going up to West Point for their activities up there at that time.
46:37So they're suggesting that we fly down six or seven of the most distinguished class graduates from West Point who would be up there, and then invite a number of other distinguished guests who have some relationship to Nicaragua to make a dinner of about 25 or 30 people.
46:50I'm going to respect that, I think, for you.
46:53Thank you.
46:54The rest of the town.
47:09Oh, yeah, that'd be great.
47:11Very well, then I'm going to close it here off.
47:18I'm all set.
47:18That's just great.
47:18Oh, we're all set.
47:19That'd be great.
47:33They ran a live national TV time program there.
47:41They're starting from the beginning of the ceremony, Billy Graham and the National Anthem.
47:51And that's, uh...
48:12If they all go on time, you'll go on in about a minute.
48:30Well, they'll never get a change.
48:33What the hell?
48:34The top of the toilet just got decided.
48:35I don't think they just go right on.
48:36Yeah, something like that.
48:36I won't decide yet.
48:37They're going to get the man and I'm not going to let them get to you.
48:39You know that.
48:39Well, how long have they got counseling for?
48:40I don't know.
48:43but they've got an indication of welcome by the Board of Trustees.
48:52Trust in any of them.
49:50We're all set.
49:55Your wife went down ahead of time.
50:05Yes, sir.
50:09Are you ready?
50:10Go.
50:15Come over here and see if he's...
50:31Yes, he is.
50:32Is he here?
50:32He's...
50:32He's...
50:33He just went back to the hospital a while ago.
50:34Yeah, we got him older, but this is great news for them.
50:35The others don't come.
50:36July 11th.
50:36See you in a minute.
51:171358.
51:22Watch this.
51:231358.
51:281358.
51:37That's 1358.
51:49We'll be right back.
52:38You know what I'm saying?
53:54This is next, please.
54:14Well, that's quite enough.
54:15We've got a question here today.
54:20See, the Badger shouldn't have had any of his AVM, because that would be all corruption.
54:29No.
54:29No.
54:29That won't happen.
54:30I just appreciate it very much.

Nixon, Haldeman & Kissinger on SALT agreement and INTELSAT Conference

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