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Conversation: 548-011

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Start Date: 27-Jul-1971 3:49 PM

End Date: 27-Jul-1971 4:37 PM

Participants:

Nixon, Richard M. (President)Ehrlichman, John D.White House photographerMagruder, William M.Bull, Stephen B.

Recording Device: Oval Office

Full Tape Conversation Start Time: 01:25:28

Full Tape Conversation End Time: 02:16:01

548a.mp3

NARA Description:

On July 27, 1971, President Richard M. Nixon, John D. Ehrlichman, White House photographer, William M. Magruder, and Stephen B. Bull met in the Oval Office of the White House from 3:49 pm to 4:37 pm. The Oval Office taping system captured this recording, which is known as Conversation 548-011 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 548-11

Date: July 27, 1971
Time: 3:49 pm - 4:37 pm
Location: Oval Office

The President met with John D. Ehrlichman; the White House photographer was present at the
beginning of the meeting.

     Forthcoming meeting

William M. Magruder entered at 3:50 pm.

     Greetings

     Supersonic Transport [SST]
          -US position
               -Comparison with previous attitude towards aviation research and development
               -Other countries
                                   16

               NIXON PRESIDENTIAL MATERIALS STAFF

                           Tape Subject Log
                             (rev. 10/08)



         -US-Soviet Union space race
         -Japan
         -Federal Republic of Germany [FRG]
    -Funding
    -Timing of future efforts
         -SST
                -Concorde I
    -High technology field                                  Conv. No. 548-11 (cont.)
         -Trade balance
    -Other countries
         -France
                -Program
                      -Multi-national effort
                            -Aircraft
                                 -US comparison
                                       -Boeing, Lockheed, McDonnell-Douglas
                      -Subsidies
                            -Dassault Mercure
                      -Export market
    -US high technology trade balance
         -Past decade
    -Concorde
         -Dutch, Spanish, Swiss, Belgians, Italians, British, West Germans
    -American industry
         -L-1011
         -Airbus
                -Cyrus R. Smith, George [Surname unintelligible], Floyd D. Hall
                -Lockheed, McDonnell-Douglas
                      -747 aircraft
         -European action
    -US aircraft needs
    -Aviation executives
         -Smith, Robert [Surname unintelligible]
-Government-industry relationship
    -Industry, technology
         -The Department of Defense
                -Military needs
                      -B-52
                      -B-1, F-14
    -Urban mass transit
    -Boeing contracts
         -Italy
                                   17

               NIXON PRESIDENTIAL MATERIALS STAFF

                           Tape Subject Log
                             (rev. 10/08)



            -Japan
-European perceptions
      -US industry's attitude
            -KLM
-Government-industry relationship
      -Edward E. David, Jr., [Name unintelligible], Richard Cohen (?), [Forename
            unknown] Thomas
      -Changes                                               Conv. No. 548-11 (cont.)
            -Tax incentives
-Cost of development and production
      -SST
            -Coordination with the National Aeronautics and Space Administration
                  [NASA]
      -Airbus
      -Possible conversation with Peter G. Peterson, John B. Connally
            -Balance of payments situation
                  -Budget meeting
                        -Research and development area
-Aviation expertise
      -Sources
            -NASA
                  -Problem in the space program
-Funding
      -Congress
-National coordination of aviation and aerospace development
-Lockheed Corporation bailout
      -Boeing, McDonnell-Douglas
-Spending priorities
      -Social programs
-Airline management
      -Transworld Airlines [TWA], Eastern Airlines
            -Alan Cranston proposal
      -KLM
-US national priorities
      -Social programs
      -William Proxmire
            -Charles W. Colson’s project
-Funding effect on development
      -Tax incentives
      -Arthur F. Burns plan
      -Anti-trust regulations
      -Burns's plan
                                       18

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/08)



                -Loan support
          -International focus
                -Proxmire
     -Department of Transportation [DOT]
          -NASA
     -SST development
          -Timing
                -Post-1972 election                             Conv. No. 548-11 (cont.)
          -Eugene Black's report for President John F. Kennedy
          -Black's possible role
                -Nelson A. Rockefeller
                       -Henry A. Kissinger
     -National priorities
          -Environment
          -SST
          -Social programs
          -Sources of funding
          -Media coverage
                -National Broadcasting Corporation [NBC]
                -Dick Cavett
                       -New York Times
     -SST development
          -Connection to jobs creation
                -George Meany, Peter J. Brennan, Frank S. Fitzsimmons, Leonard
                       Woodcock

Economy
    -Environment compared with jobs argument
    -International cooperation
    -Handling of resources
          -Compared with Japan
    -Balance of payment situation
    -International competition
          -Europe, the Soviet Union, Japan, the People’s Republic of China [PRC]
                -Changes
                     -Japanese competition
                          -Radio production
                                -US company
                                      -Philco
                          -Japanese manufacture of goods for the US market
                                -Automobile industry
                                -Electronic and computer equipment
                                            19

                         NIXON PRESIDENTIAL MATERIALS STAFF

                                    Tape Subject Log
                                      (rev. 10/08)



               -Computers
                      -Hong Kong
                            -Plant operation
          -Airplane production
               -McDonnell-Douglas
               -DC-9
                      -Production of tail and wings in Canada
                      -Production of panel in Italy                  Conv. No. 548-11 (cont.)
               -Lockheed
                      -Rolls-Royce engine
               -DC-10 production by McDonnell-Douglas
                      -Worldwide manufacture
               -L-1011
                      -Canadian market share of production
                            -Offset agreements
          -Perception of possible development in high technology industry
               -White House staff
                      -Ehrlichman
               -Economists
                      -Paul W. McCracken, Connally's staff
                      -Milton Friedman
                            -Views
                                 -Exports
                      -John Kenneth Galbraith
                            -Views
                                 -Balance of payments
               -International competition
               -US State Department
               -Harold S. Geneen
               -Export tax advantage
          -Notes for the President's Bohemian Grove appearance
               -US competitive position in the world
          -The President's Kansas City appearance, July 6, 1971
          -Foreign trade practices
               -Comparison with the US
               -Subsidization
               -Value Added Tax [VAT]
                      -Option

An unknown man [Stephen B. Bull?] entered at an unknown time after 3:49 pm.

     Schedule
                                              20

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/08)



          -Barber

The unknown man [Bull?] left at an unknown time before 4:37 pm.

          -US tax proposals
                -Caspar W. (“Cap”) Weinberger
                -Real estate tax
                -Export subsidies                                       Conv. No. 548-11 (cont.)
                -VAT
                -Jobs
                -Property tax relief
                -Federal tax increase
                      -”New NASA”
          -Funding priorities
                -George P. Shultz
                      -Office of Economic Opportunity [OEO]
                            -Effect of cutbacks
                                  -Jobs impact
                                        -Community level
                            -Veto
                                  -Manpower special revenue sharing
                                  -Community development revenue sharing
                      -ACTION, Peace Corps
                            -The President's earlier conversation with Otto E. Passman
                                  -Foreign reaction to the Peace Corps
                -Social programs
                -Outlook
          -Magruder's future role
                -Financial rewards of public service
                -Connally, Congress
                -Presentation to high-level economic group
                      -Connally
          -Friedman
                -Shultz
                -US competitive position in the world
                      -Toilet paper

The President, Ehrlichman and Magruder left at 4:37 pm.
                                              21

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/08)