Conversation: 558-009
Prev:  558-008 Next: 558-010Start Date: 9-Aug-1971 5:02 PM
End Date: 9-Aug-1971 5:44 PM
Participants:
Nixon, Richard M. (President); Woods, Rose Mary; Shultz, George P.; [Unknown person(s)]; Recording Device: Oval Office
Full Tape Conversation Start Time: 02:02:03
Full Tape Conversation End Time: 02:46:01
NARA Description:
On August 9, 1971, President Richard M. Nixon, Rose Mary Woods, George P. Shultz, and unknown person(s) met in the Oval Office of the White House from 5:02 pm to 5:44 pm. The Oval Office taping system captured this recording, which is known as Conversation 558-009 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 558-9 Date: August 9, 1971 Time: 5:02 pm - 5:44 pm Location: Oval Office The President met with Rose Mary Woods. ********************************************************************** BEGIN WITHDRAWN ITEM NO. 1 [Personal Returnable] [Duration: 11m 20s ] END WITHDRAWN ITEM NO. 1 ********************************************************************** George P. Shultz entered at 5:13 pm. Letter -[Forename unknown] Walker -New York Woods left at 5:15 pm. Schedule -Helena M. (“Obie”) Shultz -Trip to New England -Nursing home -Conditions -Thelma C. (“Pat”) Nixon International monetary affairs -President's meeting with Paul W. McCracken -Discussions -Leaks -Paul Scott’s article 20 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 558-9 (cont.) -Closing gold window -Shultz, John B. Connally, and the President -Possible run on dollar -Connally -France -Germany -Great Britain -Arthur F. Burns -Discussion with bankers -Leaks -McCracken, Peter G. Peterson, Connally -Possible Administration actions -Closing the gold window -Export and import tax -Wage and price freeze National economy -Wage and price action -Shultz's preparations -Congress -Hearings -Shultz’s possible testimony International monetary crisis -Connally -Possible Administration actions -Timing -Closing the gold window -Entire package -Meeting -San Clemente -Shultz, Connally, and the President -Burns -Leaks -Peterson -Wilbur D. Mills -Value -McCracken -Connally -Burns -Shultz's schedule 21 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 558-9 (cont.) -Burns -Tactics -Gold prices -Raising -Consequences -Congress -Effect on prices -Wage and price freeze -Timing National economy -Wage and price freeze -Public attitude -Labor, business, consumers -Analogy to Vietnam War -Media -Inflation -Wage and price board -Timing -Wage and price board -Possible name -Burns -Purpose -Public relations -Possible effectiveness -Duration -Wages -Possible difficulty in implementing -Automobiles -Produce -Women's apparel -Services -Rents -Duration -Scope -Interest rates -Home loans -Shock effect -Preparation for further action -Import tax -Inflation 22 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 558-9 (cont.) International monetary crisis -Import tax -Inflation -Milton Friedman -Flexible exchange rates -Inflation -Burns -Fixed exchange rates -Closing the gold window National economy -Wage and Price Board -Inflation -Duration -Public actions -Motivation -Self-interest -Business and labor An unknown man entered and left at an unknown time after 5:15 pm. Ellsworth F. Bunker National economy -Possible Administration actions -International situation -Dollar floatation -Possible political effect -Wage and price freeze -Automobile excise tax -Investment tax -Congress -Possible budget cuts -Imports tax -Federal pay raises -Delay -President’s announcement -Timing -Congressional session -Public confidence 23 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 558-9 (cont.) -Vietnam war -Blacks -Environment -Consumer issues -Administration’s successes -Foreign policy -Blacks -Critics -Crime -Effect on media -Economic issues -Congress -Wage and price freeze -Budget cuts -Impoundment of funds -Debt -Family assistance -Fiscal years [FY] 72, 73 -Revenue sharing -Possible savings -Federal government -Pay raise -Personnel cutbacks -Appearance -Congress -Taxes -Investment tax credit -Automobile excise tax -Estimated cost -Personal income -FY 1973 -Value added -Budget -Department of Defense [DOD] -Navy -Moses Waltz [?] -Air Force -Army -Navy -Military bases -Caspar W. ("Cap”) Weinberger 24 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 558-9 (cont.) -Location -Massachusetts -California -Florida -Unemployment -Ohio -Testing center -California -Funds -John N. Mitchell -New Jersey -Donald H. Rumsfeld -Unemployment rate -Unemployment -Michigan -Seattle, Washington -New Jersey -Kansas -California -Aerospace industry -Shultz's forthcoming talk with Burns -Wage and price freeze -President’s talk with Connally and Shultz -Possible leak -Instructions for Shultz -Burns’ memorandum -Wage and price board Shultz left at 5:44 pm.