Nixon, Haldeman & Haig on National Economy and Public Relations

36:12It's just really kind of exciting because the whole thing today, all of what's been said has been so much more positive than anybody had even hoped.
36:24And I'll give you the news summary.
36:26It was quite good.
36:28Of course, it was quite an accident.
36:30McGovern and Galbraith were missing out.
36:33She was better off.
36:34to have all your responsible Democrats, Wilbur in, Wilbur in, that was the next one.
36:36I don't know if he kicked him on one side, but he still, he could have said it was a good thing.
36:46Oh, I understand.
36:47You know, your role as a tenant had one guy who was considered an asshole anyway.
36:51Of course, we expect Milton to admit to it, because Milton is an honest man, Mr. Reese.
36:56Yes, I agree.
36:57Milton didn't sound bad, though, because he thought some good things through.
37:01Like, much of his first week was bad, then he got stuck.
37:04Right.
37:06So he had a mixed bag.
37:08He was just deeply distressed by the way he started screaming.
37:12So am I.
37:14And there you are.
37:15How the hell is everybody feeling?
37:18Just great.
37:19Because they're not all here.
37:22George Helms is over on the Today Show.
37:24Great.
37:24We talked about that a little because he wasn't there.
37:28We're going to make sure that he doesn't get pissed on.
37:33And that's...
37:35You know, you've got to help a group of people here, because we've all been kicked in the ass at one point or another.
37:41And we all recognize that we're all going to get kicked again.
37:43And the natural tendency here is not the scavenger tendency.
37:47It's the equal defense.
37:49And as soon as you see one guy getting kicked, everybody, they all walk in here saying, you know, we've got to make sure that George doesn't get screwed on that.
37:57And it was good to get him on the Today Show this morning.
38:01And so...
38:04Are you going to put on any of those pictures you can, Dave?
38:06Well, we've got to send them.
38:10First thing, what I thought was is we're going to look for trying to do a picture-text story.
38:16Would that mean anything, Bob?
38:21Yep.
38:23Then we'll run the picture plot on that.
38:25And light would be the best.
38:29But only if they'll give us four pages.
38:31So we get enough pictures and enough text.
38:34If not life, then the other place where I'm sure we could get it is U.S. News, which would at least get it to the business community, which might be the best name of a life of U.S. TV people.
38:45I think we should.
38:45We're just going through them quickly.
38:48There's some marvelous stories out of Camp David, and I think we should tell a story of you standing up all night doing this speech.
38:55For this reason.
38:56that what that says is that you didn't have to have the economist write the speech for you.
39:01You didn't have to have a speechwriter.
39:03You sat down and wrote the speech, and you did it at the beginning of that meeting, which you knew where you were going.
39:09You had one session in the afternoon.
39:11for four hours, where you went around the table and pulled it all together.
39:16Then you sat down and wrote the speech.
39:18Then they spent the rest of the weekend filling in the, flushing out the specifics of your speech.
39:22That shows that you didn't pick it up at Camp David.
39:26You've been working on it for months.
39:28You knew what you were gonna end up with.
39:30Your job was one of bringing them together and putting the final touches on it.
39:37And I think it's a good story.
39:40You've got the pillows, you've got the sharp pictures there.
39:45He's got some, I think he takes some over at the other house too.
39:48He sure did.
39:48He got them at breakfast.
39:49He got them sitting there with their shirts open, you know, working at the table, sitting out on the porch, talking, and different combinations of people.
39:58Hopefully, we want to, for instance, find one with Burns and Schultz talking together with smiles.
40:05I bet we'll have one.
40:07And, you know, that kind of thing.
40:09And some of those pictures can tell some pretty strong stories.
40:13Anyway, they're working on some ideas on that.
40:17Uh, the quad cam picture might be put up.
40:21I mean, understand, just putting it out in light, there's nothing you might just, even wire service, you might just give the quad cam to the wire service, the man that made the decision.
40:31We can do that before the weekend.
40:32See, the lightning won't come out the next week.
40:34We can do this thing, but that glint's been a good decision.
40:36That didn't get us Schultz in.
40:37Yep.
40:39Schultz, and Cranham, and the rest.
40:40Remember, I set that up that we're all dressed properly and we're sitting there.
40:45Yep.
40:50And David.
40:50Otherwise, I would, the others, I would all put out.
40:54Make sure the lights are somebody's thing on.
40:59Uh, the other point, also, you put it Monday.
41:02The other point that we talked about was investment, making the point of the long range thing here.
41:12Because the only way they're really going to hit at us, it looks like, is the, and there's the inevitable, 72, that Nixon has now defused the economic issue.
41:18Just like after China, they said he's now defused the other issues.
41:22But we got turned pretty quickly to looking at the long haul perspective.
41:28This one can be turned that way, too.
41:30And also, it's hard to imagine, as Peterson pointed out, Peterson noted that I put in, I asked the Secretary of the Treasury to find the death of Peterson, right?
41:40but also to look beyond the political point of the day-to-day statistics and say you're not doing these things in relation to 1972 or in relation to next month's statistical reports.
41:54You're doing this in the context of putting this country on a footing where it has the ability to compete economically,
42:02And spiritually, and physically, and everything else in the world of it.
42:07It may be that I need now to make another speech.
42:11The one you made for the business council, sir?
42:18Well, but I've got to get somebody that can write that kind of thing.
42:26The other point they make is that whatever you say in your speeches this week, you should sure, as you did after China, you should weave this into it and play off of it and keep developing the way out of it.
42:37So we've got to compete.
42:39I don't want to get into wage prices.
42:41Oh, no.
42:41They don't keep that.
42:45But like in China, you didn't get into specifics on China.
42:47Originally, you always talked about, I'm going to be leaving on a long journey.
42:53And if you get into the investment in our economic future, the ability to compete, the long range look in the next year after Vietnam.
43:02Sure.
43:02It's a good idea, but I think maybe if Ray Price could get going and start the radio speeches now, too.
43:10They're at a very high level, you know, in America.
43:14Yeah.
43:14I think he could get going.
43:16Yeah.
43:22Naturally, but let's don't try to tell the speechwriters you put something in on them.
43:28Well, I don't think they can.
43:29I think they ought to be working on it, you know, this week's, yes?
43:33I'm just, just engaging.
43:36Well, they may be able to weave it into some of the other points that you're making, too, that they've got.
43:41Oh, I haven't got much time on the work of the constitutional speeches.
43:45I don't know.
43:46Well, if they can get something, let's give them some.
43:48Since we have this on, could we say...
43:52They've got some now.
43:53They already, I'll just look at those.
43:55If they need it anymore, you better have it by 7 o'clock tonight.
44:05But I'm not going to make an enormous effort to try to
44:09I can't do it because, you see, I take a lot out of myself going over the weekend.
44:12I just run out of battery too much.
44:17It's awful hard to recharge it.
44:21And I don't think people should call me too much.
44:24I've had other people, they've checked up on me.
44:28All right, that's good.
44:29I think so.
44:30Yep.
44:30And we're going to say that we're hurting Tommy at both ends now, and I think that's good.
44:34We ought to for a little while now.
44:36And he wants to.
44:37I don't think so.
44:52But he's just smart enough to give the audience a trip right over and ask the most political questions.
44:56Why didn't you do it earlier?
44:57Good of you to do.
44:58My president's been thinking about this, you know, a while.
45:00You know, he didn't look at it and said, okay, it won't work out.
45:03This young guy, I don't know what he's going to get.
45:05He says, this is a good mission.
45:10It's a plan.
45:14It's a plan.
45:18It's a failure.
45:19It's a plan.
45:22Well, that's not true.
45:24As I pointed that out, so specifically in mind, we have cut unemployment to lower than that.
45:29Again, we have cut inflation from 6% to 4%, and that's .
45:34That's all right.
45:35These new set of crackers, we agreed to use those fasters for a while, don't you think so?
45:40Sure.
45:40I mean, the figures, when they come out now, they all come out like, oh, this is before, this is coming likely.
45:46You see, you've got the price thing, this would be easy.
45:49Next month, you've got the unemployment thing.
45:52And it doesn't make a whole lot of difference what they are, because it's not at all.
45:58And also, we speak in the Congress, and he has every bit of the time.
46:03I think it's very important to try.
46:07The Mills thing was good, I mean, where he, because that makes it easier.
46:11I think you've got a sound program in terms of getting it through Congress.
46:15Apparently, I think, where he always said, this is me.
46:24Congressman Mills, what is it?
46:30I said, not at all.
46:34It's just a matter of accelerating.
46:38The power of this office.
47:00And sometimes I think you've got to use it with others.
47:24You've got to make it a very strong chip.
47:25Yeah.
47:25One of the situations on that thing I saw, I think,
47:28report with regard to these prisoners coming to Moscow.
47:31Is that another one of those sweet stories or is this for real?
47:34Yeah.
47:38Yeah.
47:41Ah.
47:44Another post.
47:52Good.
47:53That's all, huh?
47:59into the room our friends brought.
48:03Got it.
48:04Okay.
48:08I talked to several, I talked to so many.
48:16Arthur Burns called his voice and I called it, oh boy, I put my stuff
48:25Exchange markets are closed today.
48:27Japan, however, was open when we made the announcement, and they continued trading throughout the day.
48:32They did not change the exchange rate.
48:35As a result, they took in between $600 and $800 million.
48:39Their market fell sharply.
48:40The only quotation we had was that Sony was down 10%.
48:43The Canadians are opening their market today for trading, as we are, so we'll have a reading on this later today.
48:51That's it.
48:51You know, one of the good things about Archer, they got Archer crashed off at Jesus.
48:55Well, Archer wants us to win.
48:56Of course.
48:57He really does.
48:59He knows we're right, you know what I mean?
49:01Archer also wants himself to win, and he also loves publicity and all that, and he doesn't like people that cross him like George Shultz and John Conlon.
49:09But on the other hand, now that we're all together, he loves it.
49:14Now, he took that gold thing like a man, as I was saying.
49:16I still haven't kicked him in the ass.
49:18It was a damn good thing to have done that.
49:20At the time, he couldn't have been better, as it turns out.
49:25He's just a liar now.
49:26He's backing the family.
49:27You know, he could have been inseparable if he hadn't had that kick.
49:32I kicked a kick, but I think you're right.
49:37You're right.
49:46I'll tell you, it's a funny thing, I mean, this was, this was not much, you know, like, there isn't as much of an evidence in press conference.
49:59There's a concentration in the press conference, which is great.
50:06Well, it's such a decision-making time.
50:07The decisions were enormously important, and maybe that makes something happen.
50:10People in Washington, I'm not sure.
50:12It's kind of like China.
50:15Well, you have to, you get right up to a point.
50:18You close the doors when they're done yet.
50:19And one guy very soundly says do it, the other guy very soundly says don't.
50:24And you gotta be sound.
50:25I reckon we all have a good decision.
50:31Pretty, pretty hard to talk about.
50:32Thank you.
50:34Go ahead.
50:34I'll be out in California.
50:48That's all the stuff we already have.
51:11Good.
51:11Oh, here it is.
51:14Good.
51:14Britain, Switzerland, Japan, and other key financial nations stepped in today to keep the dollar from plunging on foreign exchange markets.
51:21The Japan currency market opened 300 million sold during the morning trade.
51:26Back to Japan stepped in to support the price.
51:29The Japanese Foreign Ministry statement says Japan will maintain its eight-point policy and head out foreign pressure for up to the value of re-evaluation of the yen, despite your measures to defend the dollar.
51:39Yeah, good.
51:40Governor, the U.S. is in your favor.
51:42Your measures to heal the U.S. economy.
51:46The foreigners have got this.
51:49No, they know it's a tight end.
51:50They've got it just like we do.
51:53Easy for the government.
51:53We've got a virus that's doing this.
51:56It's not working.
51:58No.
51:59Now, by that I mean, I don't mean some of the things are not right or repeated, not many of them are, but what I'm getting at is that
52:21None of them really, really were so important.
52:24You wouldn't have to run the dollar or anything, the pessimism that had been created by this, like you did us around here.
52:33Now, but apparently people are just sort of sitting on things.
52:37The President's gonna do.
52:39They've become juvenile in their head starts.
52:41They're juvenile about the war.
52:43They're juvenile about this.
52:44At some point, you gotta shake them out of this and that they stand up strong.
52:49People go free, but it's not juvenile.
52:50He's strong, and I think maybe
52:53Maybe 50% of the people are not 50% off.
52:54That's not what it is.
52:57And among the decision-makers, about 80% are.
53:00That is the problem today.
53:01The problem today is this whining and bitching and the rest.
53:05That's why they said we need leadership.
53:06We need charisma and all that sort of thing.
53:09Well, Christ.
53:10I mean, we've given them leadership.
53:11We've provided programs.
53:13We've done everything else.
53:13But what they really want is the appearance.
53:15They really want the appearance.
53:17And that's the thing.
53:19But.
53:32He had personal characteristics that made him fail.
53:35I wouldn't do that.
53:37I think that there, but I do think that our problem is that we have, without a question, the best in general White House staff in history, and he's handled by a billion men, and probably the poorest, I'm not speaking now of my personal names, but in terms of the domestic council and et cetera, et cetera, et cetera, the currents of getting credit in the works.
53:59And the reason is that we are so god damn responsible
54:02Isn't that really what we're getting down to?
54:05Don't you realize this is a plight when you come out this way?
54:10Basically, yeah, and it's worked that way.
54:14The genius of it is that it is essentially the same thing as China in the sense that it goes way beyond what anybody...
54:25It's a leapfrog.
54:27It's a leapfrog.
54:28It does what Johnson failed to do in the war.
54:31In the water, he always escalated it a little bit or a little will, and never jumped ahead and escalated it too much.
54:37If at any point he had jumped ahead and done a little bit more than he should have, he would have ended it.
54:41And on this one, you waited, and instead of tossing one baby to the wolves and then another baby until you ran out of babies, you kept all your babies, and then all of a sudden you threw them all out and completely inundated the wolves.
54:54And that's really where you are now.
55:18He just returned a call.
55:22Yeah, well, you couldn't get anybody at all.
55:24All right.
55:26Well, why don't you try it?
55:29I'll try to get around to it.
55:33I was going to say that the...
55:40As a chair, it occurred to you, reminding people, if you happen to be in China, you know, this guy, all his help.
55:47Sure.
55:47People with health surgery have a chance.
55:48It's like China, see?
55:50So let's keep throwing that in.
55:52But, you know, the thing you were mentioning about Camp David, and I couldn't have expressed it too strongly, that this program, more than anything else, it is leadership.
56:02Leadership.
56:06Let me summarize what I was going to say.
56:13We're down about four things.
56:15One, leadership above everything else.
56:19Leadership, boldness, courage.
56:23Boldness and courage.
56:25And you can use these two things to prove it, right?
56:29Yeah.
56:30And that's all that matters here.
56:33Second, world leader.
56:35World leader for peace.
56:37World leader for peace.
56:39And really build up the biggest leader in the world.
56:45Yeah.
56:46Third, the, uh... And then third,
57:04The idea of the personal man, I mean, the personal, the man, the man, the character, you know, and so forth and so on, all that sort of thing, which is a decency of treating people nice.
57:18So that's the lower level, but it's very important
57:28You've got it, and you need to hang on.
57:30Well, it's a strong point that you have to get at it suddenly now.
57:34You don't hear much said about it.
57:36I'll tell you something personal.
57:39The idea that a man can get respect in the White House, and they used to be advised, you've got to find a family you can respect, a family you can be proud of.
57:47I think you ought to get out and have about a month, one year, about a family, a first family to be proud of, and get a picture of the six of us.
57:57That's sort of a first advantage that all Americans could be proud of.
58:06I think the leadership made the leadership world leader for peace.
58:15Oh, and then the other one is prosperity, of course, without war.
58:20Prosperity without war, which makes the war issue in another way.
58:24Without war and without inflation, we're fighting black health and all that stuff.
58:31Those are the issues.
58:32Now, I put down the line, I put the, see the crime, that is all right.
58:36The crime of drugs is good.
58:37Just continue to get that.
58:38Don't let that get away from us.
58:40Any of that.
58:41But then on the other things, I just showed compassion and interest.
58:46Environment.
58:49I think it's fine.
58:52Because apparently if the kids all like the environment, you know, just continue to go around like that, going to these parks is a good idea today.
59:01But that's, yeah, and the key there is to do as little as we can and look like, and get as much there as long as it really has to go down.
59:11Right.
59:16I still don't see what our voluntary action guys are doing, except setting up organizations.
59:21But, uh, you will know.
59:24The one program I'd like to see him get into is the Ranger Regiment.
59:26That's the only one I guess we're gonna do.
59:29You know, I've never really taught people.
59:31And I anticipated that.
59:32I'd be glad to sit in a group of people.
59:34I'd be glad to do some education on television, on reading is fun, something like that, you know, and how important reading is, and who you is, and it's worth the time.
59:45Well, I'll tell you, I'll push on that like hell.
59:48three clinics, how do you get, we have to be able to get trained hundreds of thousands of volunteers to tutor on reading.
59:56It can be all that difficult, or maybe they don't know how to do it, maybe it's difficult.
1:00:02That is part of the problem.
1:00:04How does that sound to you as a plan, what I just said?
1:00:07I think we had it before, but really, that's the wrong one, and don't let it get away from you at this time, in general, as we have on occasion.
1:00:18Well, we had quite what I had to do, isn't there?
1:00:22It's really not our fault.
1:00:24It's the fact of the media being so much against us.
1:00:28They'll all look out for them and they'll come just climbing back trying to find something else to piss on.
1:00:39And so, we've got to put a certain amount of effort into pissing on each of the fires.
1:00:43For example, we can't just take fire on them, because then they will break the house down.
1:00:47I told Colson, I really gave him hell years ago, I said, I want the taps.
1:00:52I want you to get, I want you to get, I don't want to see the names of Forster, Dole, Goldwater, I gave you two, Jimmy Tremblay, who regularly make vicious attacks on the Democrats and keep making, you know, the irresponsibility.
1:01:09They're putting their party above their country, up and down, putting the party above their country.
1:01:14Partisanship, partisan, vicious attacks on the President.
1:01:18And you've got that little room in the house.
1:01:20They don't debate much news, but you've got to give them a little attention to give that to them.
1:01:26Okay.
1:01:27Yes.
1:01:27I think the attached report, one way to keep the thing is to keep the phone near the clerk, sir.
1:01:31And, uh, I don't know.
1:01:32I should have said, should have probably gotten to Colson on it.
1:01:39No, I think you should have.
1:01:41He took it well.
1:01:41He said, uh,
1:01:44Well, we've all hammered.
1:01:45It's a frustrating thing to try and do, but we... Because they won't do it.
1:01:50Well, they do a little, and then they back off, and they don't hammer like... We finally got a little glimmer of...
1:01:57I didn't say that at the start.
1:01:59Yeah, that's pretty funny.
1:02:04Uh-huh.
1:02:04Well, and tell him to say it again.
1:02:07Don't give up.
1:02:08Say it again.
1:02:11And, uh, get it on TV.
1:02:15Oh, you know, you stopped at the end of the Democratic candidates.
1:02:22How do you feel if you were wrong this morning after what they did to you yesterday?
1:02:24Remember the early morning leaves because the news summary were off.
1:02:26The early leaders, their whole ladies, and our friends, the trackers from the economy, and they had to tear out the paper.
1:02:30break up all of that.
1:02:32Poor old Rocksmeyer was on Face the Nation or something yesterday, you know, and spent the whole time talking about Nixon.
1:02:38Nixon ought to do something about the economy.
1:02:42Terrible that he hasn't taken any action on wages and prices and he hasn't done anything about the dollar problem.
1:02:53Now, isn't that all gone?
1:02:59They'll find something else.
1:03:00They've got a year.
1:03:02They'll find all this and this, and I don't know, a little bit of this is working, this is working, or not very, this and that.
1:03:08I notice that the things that are getting, the two things that are getting out of here is that one, that we are penalizing the poor by postponing the welfare for I-6.
1:03:20We're not postponing it.
1:03:21We've got to have a Congress postponement.
1:03:23That's one we've got to get clarified.
1:03:25I don't know about that, though, because we can't let that set in that you've put off the welfare.
1:03:29No.
1:03:29You've simply done this to represent the reality that they've heard.
1:03:32This has to recognize the realities.
1:03:34I think somebody's got to get a hold of my head.
1:03:38I would work too hard at that, though, because I'm not at all sure you are getting more from putting it off than you are from not putting it off.
1:03:44Let's not get the position wrong.
1:03:47If we could have just done our program.
1:03:50Right.
1:03:50I don't think there's a problem with recognition.
1:03:51Everybody knows that the guy in Congress can't possibly put it off.
1:03:54Well, he only put it off four months in.
1:04:00You're right.
1:04:00The welfare thing.
1:04:02The people that are saying, and here in Washington, they're basically all about the government, the areas, the virus, and the country.
1:04:09The country will cheer about that.
1:04:11You think so?
1:04:12Yes, sir.
1:04:12I think so.
1:04:13Hell, yes.
1:04:14I think you will, don't you?
1:04:17of federal employees, but goddamn, they got nothing to complain about.
1:04:21I don't want a federal employee to be complained about.
1:04:23They've had wage increase after wage increase, and good God, there's no unemployment.
1:04:28There's no problem here, isn't that right?
1:04:31These people got nothing to complain about.
1:04:33If they want to be government drones, let them be government drones, huh?
1:04:36And they're getting the hell of a pay for doing it.
1:04:40That's right.
1:04:44The other thing that was a good thing was to put in that 10% cut in the 4.8.
1:04:50So many of those people were, you know, played that back to me.
1:04:54Of course, it didn't mean anything, but they love to see it.
1:04:57That's very popular, the 4.8.
1:05:02Oh, it is?
1:05:02I know.
1:05:02They want to get rid of all of it.
1:05:04It's a good thing to put it off, but at least a 10% cut puts it in the right direction.
1:05:07Yeah.
1:05:08Instead of putting on more foreign aid, you're cutting it back.
1:05:11They like that.
1:05:11Instead of putting on more federal employees, you're cutting it back.
1:05:14Instead of increasing the government budget, you're decreasing it.
1:05:18And it is very important for us to carry this out because, and I particularly want to carry it out on agencies like Hood and HBW, et cetera.
1:05:27I want the enemy agencies of HBW and new agencies like transportation, they are to take the major brunt of this stuff.
1:05:35You know, whatever's coming down my tail.
1:05:39Now, if you've got a good heart of line agencies, old line agencies, everybody's got tape that are, you know, doing the best they can.
1:05:47But obviously, you can't cut the trade.
1:05:49You don't want to.
1:05:50You don't want to cut Justice very much.
1:05:52And most of the time, Justice is motionary.
1:05:56You can cut any trust.
1:05:59You can cut State of Rivals in a Justice trustee.
1:06:02But you can cut State some.
1:06:03You can cut Demands.
1:06:04Demands is easy to top up.
1:06:05All the other trusts, they can do it.
1:06:07We're going to move here quickly on Cuts so that we can get States on Domestic Consul and then ONP.
1:06:13We've got it on.
1:06:14No, but we will.
1:06:17They do a little of that.
1:06:21And like the Office of Science and Technology, we're going to make them cut a big chunk out of that, 10% to 15%.
1:06:30And there's some of these things that have grown that just don't do you any good.
1:06:35About the EPA.
1:06:36Right.
1:06:36And the High Fire Council and so forth.
1:06:40We can't keep a good kick in the ass.
1:06:41We've got some good news, you know, apparently.
1:06:43and good news coverage during the week.
1:06:45He weren't reading the papers.
1:06:49That came out as a big start.
1:06:50White House forces Ruffles House to back off of some kind of industry controls or something.
1:06:57Yeah, it made a big platform.
1:07:03I don't know what it was, but .
1:07:11That's why John's a great politician, Bob.
1:07:24And, you know, .
1:07:32But John was very high on his talk list.
1:07:41I think you probably should.
1:07:49I don't think you have to, no.
1:08:03Especially because there's so many undersecretaries, I think you can open it and leave.
1:08:11He wanted, in that Connelly will be polishing his stuff, and he might have some thoughts that you'd want to talk with him about afterwards before his press conference.
1:08:21I hate to take his time before his press conference, you know, I just have a meeting adjourned on time.
1:08:28I'd take no more than an hour.
1:08:30Yeah, let's have it, and just, I'm sorry.
1:08:3145 minutes here now.
1:08:32I'm just telling this subject.
1:08:3445 minutes.
1:08:34Because when I get off the phone, I'll probably call him and ask him all sorts of stupid questions about it.
1:08:48And I don't want to get into that.
1:08:50You talked to Rencrantz.
1:08:51I thought he was coming to the house then.
1:08:53Is it?
1:08:53The first time I've been there.
1:08:55He was just falling all apart there.
1:08:57And he said, I'll try to promise you one thing.
1:08:59He said, I will not call any more of my clients, tell any more of my clients to raise their prices.
1:09:05And she said, yeah, that's it.
1:09:10I know.
1:09:12Well, God damn the banking plans on the business side.
1:09:17When you put in that 10% investment tax credit, I see a lot of them didn't catch that.
1:09:36They were saying this morning here that some of the guys they talked to said, great program, I just wish we had also put back the investment tax credit.
1:09:47See, you said the job development credit, and they don't know what the hell that is.
1:09:49And that's fine.
1:09:51Sure.
1:09:52And let them talk about the job development credit.
1:09:54The businessmen will find out the job development credit is better for folks.
1:09:57You're right.
1:09:58The investment tax credit is better for businessmen.
1:10:00So call in the job development and let the businessmen say, gee, I wish you could put it back.
1:10:04And then you smile and say you did.
1:10:05And they say, oh, really?
1:10:07All you care about there is that they use it.
1:10:10And they will, Christ, if you give them, if they got a 10% tax credit for one year, they're gonna spend money, all the money they had to get their hands on for planning equipment, especially because they have not.
1:10:20They've let it deteriorate, they're back.
1:10:22If you give them a bonanza period, that'll, I think, certainly not go between COVID and stuff and things like that.
1:10:29But it also, that's the one Peterson keeps talking about that you look at it the long haul, too.
1:10:33That gives the American economy a kick for building its productivity.
1:10:38Because with better equipment, better plan, you'll be more productive.
1:10:42That automatically increases productivity.
1:10:45We thought I did more of a good job.
1:10:48Yeah, yes.
1:10:49Schultz is concerned.
1:10:56He's very concerned about putting a man in the bird.
1:11:03As you know, Schultz was his biggest
1:11:08He said, when Peterson first came in here, I told him that balance of payments was the biggest problem he had and that that's something he really should get cranking on.
1:11:16That was, don't get diverted by the little thing.
1:11:18I work on balance of payments.
1:11:21He has his first problem.
1:11:22He said he hasn't even started on balance of payments yet.
1:11:26And he said, to be perfectly frank, I'm not sure he can run the weekly.
1:11:30I'm not sure he's all the manager that they think he is.
1:11:33And John said, well, hell, he ran Bell and Howell.
1:11:35And Pete said, Eric Schultz said, that's a totally different thing.
1:11:40And I just, I really wanted to take any questions in just on Peter's.
1:11:44I don't know, you sure as hell can't leave it with Lincoln.
1:11:49That's the thing.
1:11:51But I think we can do it still.
1:11:55Well, that's Schultz's other point was, let's don't move on Peter's until we know whether we've got Weber or not.
1:12:00You've got Weber here.
1:12:03And I'm not so sure that's impossible.
1:12:05I mean, you can think of the language, but there's a lot of challenge there for him.
1:12:11And just to continue on in a routine job is one thing, but to have left and then be called back, that fills in with the university, too.
1:12:19I mean, this is a big thing.
1:12:20The president has said you can't have him back for a while.
1:12:24Maybe his wife doesn't all that desire to go back, either.
1:12:26They're going to Chicago.
1:12:27First thing, probably like Chicago.
1:12:30Have their friends there.
1:12:33And the other thing is, let a sentry go back.
1:12:35Go back to Chicago and let him spend the weekends there and work here during the week.
1:12:39A lot of people do that.
1:12:40It's a horrible way to let a lot of people go.
1:12:42Oh, sure.
1:12:42It's hard to wait for people to be away for a hundred years.
1:12:47The war is terrible, but they do it.
1:12:51They always do it.
1:13:01Well, that's actually, you know, it's good to have everybody excited about things.
1:13:04We're trying to negate them, and now it's exciting.
1:13:07And now this does.
1:13:07Of course, if you ain't got a hell of a lot of stuff like this, you've got a pretty lot of, you don't have to pay for that anymore.
1:13:11Things like this, they do.
1:13:11They do, you know.
1:13:12I got to say, yes, for another 10 days.
1:13:13I mentioned the passing yesterday.
1:13:19I had to do a stand-in.
1:13:26I really thought we were dropping the ball, even though it was fun.
1:13:31And maybe they don't understand what I mean as to do it.
1:13:35About the President's EP, you are getting involved in the handling of this in line with the candidate meeting.
1:13:42But it seems to me like when I do this with our press coverage,
1:13:48Like that consumer thing, the girls' nation and so forth.
1:13:53I just don't think we have a system for getting it out.
1:13:56I think we, so we get the people of the White House to have a copy of what I said.
1:13:59That isn't what I meant.
1:14:00You see, Bob?
1:14:02No, no.
1:14:02What I meant is that is the kind of bills that Steve, I mean, the story about that, that business thing, that consumer thing.
1:14:12was all that good in terms of reaction and most people, leaders and all these people that are part of the cynical thought it was, wouldn't it be, wouldn't a thing like that should end it up?
1:14:25Who would be responsible for that?
1:14:30It's fine.
1:14:30No, or, or, uh, Colson, Colson, uh, I mean, Ken, I think it's the press, uh,
1:14:37Oh yeah, he's got, he's set up, he's got Shumway and this new guy, you know.
1:14:42I wonder if all this stuff will get to these press releases.
1:14:46We could do more of that, maybe.
1:14:48But you don't, you know, it doesn't happen the way you want it to happen.
1:14:53Even if we had a hundred people doing it, it would get, it's got to get started.
1:14:57Look at the little columns and, and we've got to take lots of little ones on those, not any big ones.
1:15:04I just don't work.
1:15:06There's a real problem in that we, and I've noticed it in my head, you get to thinking in terms of the impact of what you do or something like you do last night.
1:15:16When you go on all three networks, you just got to remember nobody else in the world can do that.
1:15:24And that's literally true.
1:15:25I mean, there just isn't anybody who gets on all three networks and talks to all the American people that are watching TV at one instant.
1:15:31It doesn't happen.
1:15:35Except the guys only land on the building or something like that.
1:15:38You can't do it very often.
1:15:40But the problem is that tends to distort our sense of perspective.
1:15:45Because you get used to the effect of those when you do it.
1:15:47And we forget about the fact that there is a drift value, and that's all it is.
1:15:50But we've got to keep it going, too, of each of the little things as it gets going.
1:15:52So I don't know if that works, but it's not filled up the image of the man, except for the other piece.
1:15:55As I said, a thing like this, you know, a few reasons.
1:15:57I mean, that was quite amazing, very emotional.
1:16:02Now, that's the thing.
1:16:08Can I have a little longer?
1:16:11Yes, sir.
1:16:13And it gets paid off.
1:16:15You've just got to encourage the ripple effect from the people over there.
1:16:18We've got to plant some story stuff out of it.
1:16:22But you can't get the impact of television on it.
1:16:24The problem is, you can think back to the Roosevelt days and things like that, and that makes sense, but they didn't have television.
1:16:33And you could ripple those things with much greater relative effect than you can now.
1:16:38If we could get a fair break on television, that would be something else again.
1:16:42If we could get, you know, a guy on television, if Ted Agnew became a commentator, we would feed stuff to him and he'd sit around saying, you know, the president yesterday had met with the business council people on consumerism and just had an outstanding reaction.
1:16:57In fact, here's Mr. Jones who was there bringing along.
1:17:02They do it on the other side.
1:17:04All the time.
1:17:04Yeah.
1:17:06All the time.
1:17:06Always willing to talk about the great emotional reaction.
1:17:10Yeah.
1:17:10And then he really, really struck up the thing we were getting on that Democratic meeting.
1:17:14The adjectives that he used, you know.
1:17:17Urge by, strong, handsome.
1:17:18Yeah.
1:17:19I heard it when I was there.
1:17:20Yeah.
1:17:20Really something, though.
1:17:23It is.
1:17:23It is.
1:17:24If you don't see that with the girl, you mean ever, ever.
1:17:27They don't use it.
1:17:28Not even our friends talk about it.
1:17:32They use it.
1:17:33Not much, though.
1:17:34Or it's not like that.
1:17:36I think the McGovern thing today, I think the break on this was almost as if you had written this script, you couldn't have asked for it any better because somebody's got to take you home.
1:18:46I'm glad, I know you didn't want to do it, but I'm glad that they did put in the exemption.
1:18:54I think that you do need that.
1:18:56Yes, we do.
1:18:56I didn't want to go there because then we have the money.
1:19:00Yeah.
1:19:00Yeah, we'll put it down to a billion in the sense of that kind of thing.
1:19:04No, it sounds different than everything.
1:19:10No.
1:19:258 August is the most interesting month, it usually is.
1:19:30August the 16th.
1:19:32A little more than they expected then.
1:19:36This is Saturday.
1:19:38Today is the 16th.
1:19:42It was good to go an hour or not too late.
1:19:44Even if we hadn't been triggered.
1:19:49Due to the fact that the Democrats have been out pissing on us all this time, eroding and so forth, just a little wacky out there.
1:19:59And let the momentum of the fall also be there to give us a little help.
1:20:04You're on the fourth momentum start.
1:20:06You're going to have some momentum, economic momentum.
1:20:08You're also going to have some foreign policy momentum.
1:20:10You may have, yeah.
1:20:16And whether you get the war, you're going to have Soviet and Henry's going back to China.
1:20:21Those two things are going to have a lot of momentum.
1:20:31It's going to be an 18-9 momentum career.
1:20:37Well.
1:20:38Pretty good shape, though.
1:20:39You can't quite count things.
1:20:41The best thing is things have got to work now.
1:20:43That's what I mean.
1:20:45Things have just got to work.
1:20:47And if they work, we've got quite a bit of things going on.
1:20:51I got to give a China trip to Alaska for me to be in the middle of February.
1:20:57You've got a Soviet threat in the middle of the day.
1:21:02You've got yourself carried right through that period, and then if you say things have got to work, and if they don't work, then you get cold blooded and cynical.
1:21:10You have the ability, come June or July, if they're not working, to create a crisis and ride through the crisis.
1:21:20Go that way, which is what you can manage.
1:21:32Rockefeller called this morning.
1:21:33Wanted to speak to you.
1:21:38He wants to congratulate you on the speech last night.
1:21:42He wants to see you when you're in New York.
1:21:51Wouldn't, if you've got some time, it wouldn't be too much of a problem.
1:21:54You don't have to leave until after 10.
1:21:56So you haven't covered the loyalty at 9.
1:21:59I'm going to see Reagan.
1:22:01Oh, my God.
1:22:01He says the President should be aware that Rockefeller's been informed by your husband that the postponement of the resolution doesn't in any way indicate lack of enthusiasm.
1:22:09And Rockefeller understands.
1:22:12If Rockefeller, according to your husband, is aware of the President's pending meeting with Reagan, then he's a little jealous.
1:22:17Attorney General and Erland both think it would be a good idea for the President to meet with Rockefeller Wednesday morning in New York.
1:22:22It would be done at 9, right in any parts of 955.
1:22:24If the President does meet with Rockefeller, Attorney General thinks he should be there.
1:22:32And Erland will also, and Erland is going to make this trip, and then come back Saturday.
1:22:39Why don't we invite him for breakfast?
1:22:41Why don't you?
1:22:43At 8.30.
1:22:45Maybe I should just call him and talk to him earlier than you could call him and ask him if he could have breakfast at 830.
1:22:54Why don't you call him and just start out by saying I'm going to be up there on Thursday with him at that breakfast at 830.
1:22:59Yes.
1:23:04I still want a congratulation on the speech.
1:23:06Okay.
1:23:07But you can kind of one up it by getting it first and then I'll pick it together and then up there.
1:23:18I wonder if I can go ahead and split some cards.
1:23:25No.
1:23:27I don't think it's necessary.
1:23:30The problem is moving around New York for me is a hell of a problem.
1:23:32It really is because they close the damn streets and are a very, very bizarre place.
1:23:38We're going to get a little older.
1:23:44You know, it's an interesting thing, talking to
1:23:48Except, you know, even as a businessman, you know, there's many brighter people.
1:23:51They didn't understand anything at all last night.
1:23:53It was so confusing.
1:23:53It was so big.
1:23:53It was so hard to see.
1:23:55They didn't know what happened.
1:23:56I didn't know what that means.
1:23:59I was talking to Julie today, you know, and I said, you know, I was like, that's right.
1:24:04I don't even know if it's a name.
1:24:08I wondered if that is, if that could be the reaction.
1:24:11I wondered if it were wise to go on crime time and deal with that.
1:24:14No, I think that's good.
1:24:17Yeah.
1:24:17Because they don't understand the specifics, but they do understand that you did a damn big thing.
1:24:25And you've got your own, you've got your rhetoric, you've got your posturing of it, vis-a-vis the war and moving to peace, and your point of the challenge and all that at the end.
1:24:36Which you wouldn't think that came through, yes sir.
1:24:39And I don't think it came through as a thing you're going to get ever played back.
1:24:43You aren't going to hear it, but it has to be there in people's minds.
1:24:50I talked to my wife in California afterwards, and she said the same thing.
1:24:53She said, I don't understand a single thing that he's done.
1:24:58I don't understand any of it, but it sure sounds good.
1:25:01And so how can it sound good if you don't understand it?
1:25:04She said, well, because you're coming out of the war and you have a plan for what you're going to do.
1:25:11And I think that's what gets across.
1:25:12They don't have to understand it.
1:25:14They have to understand 90% of what the government's doing anyway.
1:25:21I mean, I regret that.
1:25:22It's because I didn't have more time to try to, I guess it's to try to focus.
1:25:41I mean, it was well written.
1:25:42I mean, Lee and I worked on it a lot, and some of our contributed a great deal to it.
1:25:51And it'll read all of it well.
1:25:52It'll read it directly, but it isn't the same, you know.
1:25:57It's like the difference in that stuff I did on the color monitor and the other thing over there, you know.
1:26:05Yeah, yeah.
1:26:05When I get up there and I just start to say it, it's different.
1:26:08I have to read some heros of wisdom and read them to somebody else that just is quite the same.
1:26:17Oh, this had my fundamental idea in it.
1:26:18You know, I had it all in there.
1:26:21It's the way a writer would do it rather than the way I would speak it.
1:26:26I guess it really gets down to having to go through the vagueness of
1:26:32always going to close, then it becomes, it becomes then too much of a set piece, going to close their temperament.
1:26:40If you do that, they're all going to look for it, and say, well, the Christ is all this.
1:26:49Make a little sermon about that.
1:26:51That's all right.
1:26:55I don't know.
1:26:56Just don't always do it.
1:26:56I don't know.
1:26:57I don't know what is the general reaction about that.
1:27:00speech insolvency.
1:27:05I don't think what was said, you see, our people are all naturally, all the calls that you got virtually were businessmen.
1:27:15Well, it was an awful lot back then.
1:27:16You could always say it.
1:27:17No, but just remember, what keeps doing, getting here all over and over and over again, bold, strong, courageous, leadership, stepped up.
1:27:25It wasn't that they were sleeping.
1:27:27That is because of what?
1:27:30rather than all of us, what we said, all of us said.
1:27:35All right, part of the way there's some new stuff that came in after our last night.
1:27:39Arthur Wood at Sears says, enthusiastic, the kind of leadership the country will welcome.
1:27:46Tax record has restored confidence.
1:27:48That's on substance abuse.
1:27:53Robert Baldwin and Morgan Stanley, very enthusiastic, good reactions from calls he made.
1:27:58Quoted a prominent labor consultant as a great speech.
1:28:04Quoted his senior partners entirely liberal on all domestic aspects, some uncertain about foreign reaction.
1:28:10Eugene Black was enthusiastic, mentioning specifically the freeze of us in credit and excise taxes.
1:28:16Thinks the international side will be excellent with regard to Japan, but some uncertain about our credit in Europe.
1:28:24John Clark, an insurance executive in L.A., several people in his living room, you know, they used terms like gutty and courageous, especially emphasized scope and completeness of package.
1:28:33One described it as a blockbuster.
1:28:35Blockbuster came in several times.
1:28:37That relates to content, but it's also, you know, but it's also the...
1:28:42overall feel of it, and I think that's what you're after.
1:28:45You weren't trying to sell any one of the individual items in the thing to the people.
1:28:49No, no, no.
1:28:49What I'm really interested in is whether, I think if you go on television, you always must give people an emotional level of thought.
1:28:58That's my point.
1:28:59I think they've got to feel elected and church people.
1:29:03That's what I'm thinking about.
1:29:08I can see that.
1:29:09That's the reaction to this.
1:29:11It's an emotional reaction.
1:29:12Sure, it's based on assumptions, but it is the emotional reaction.
1:29:15Now the business of the reading the teleprompter and so forth.
1:29:28I'd like to try.
1:29:28I could do the whole thing with a teleprompter.
1:29:31You shouldn't, because it's not on my side, but I can look down and what I have to do is mark paragraphs I'm going to read on a teleprompter and then I look down and I look up and read them on a teleprompter and then turn the page.
1:29:48You know what I mean?
1:29:49It'd be an easy way to do it.
1:29:50You would have to do a simple run.
1:29:51You're going to have to drive around and get a feel of working on a page up to the...
1:29:57And you don't like to do things like that.
1:30:01But if you've got the guy running a teleprompter right, he can keep right pace with you at any time you look up.
1:30:08Mark it for your own types, but look up when you want to.
1:30:11The teleprompter should be right where you are.
1:30:17You did a lot of looking up on a sign.
1:30:19That was a really excellent picture of a sign, too, that made me quite sense in better shape.
1:30:25They had a blue back.
1:30:26They used the blue, which is much better.
1:30:28Yeah.
1:30:28It's very good.
1:30:30Carruthers, incidentally, said, however, you shouldn't wear that blue, a blue suit on a blue backpack.
1:30:35I don't know what suit he had.
1:30:41His suit was on the lower one, wasn't it?
1:30:42Erich's.
1:30:43Oh, Erich's.
1:30:43Well, it is how he was looking.
1:30:46He was going, your communication with people was better than you've ever done before because you kept sending you instead of sending the American people.
1:30:53And I said, you've got to do this, and we've got to do that, and we have to look into you too.
1:30:58And I said, yeah.
1:31:02From a TV guy's viewpoint, I think he's probably right.
1:31:06Because the television medium is not a mass communication medium.
1:31:09It's a personal medium.
1:31:10It's like a phone call.
1:31:13I think he's a man who knows better.
1:31:16I put all that in today.
1:31:17Most of that was ad-libbed, you know.
1:31:21Well, it doesn't fit the text of the speech, but it's good for rerunning the New York Times ad-lib.
1:31:27But you don't give a damn what runs in the New York Times.
1:31:33That's why you should ad-lib.
1:31:34I don't think your speeches on TV should be the same as the text we give out.
1:31:42That's good.
1:31:43You couldn't do too much on this, though.
1:31:45It's so highly technical.
1:31:46But I mean in the rhetoric, not in the substance.
1:31:48But you can in the form of address, like the using you, that sort of thing.
1:31:50Oh, yeah.
1:31:51I did a lot of that when I started changing traffic.
1:31:53Michael and I were talking about what does this mean to you, this dollar?
1:31:59I said, no.
1:31:59We'll wait the rest of the evaluation.
1:32:05Does this mean you take a trip?
1:32:10So that brother specifically mentioned that, that reference, he particularly liked it also.
1:32:24So that's okay to think about.
1:32:27Also, it's a very good slide.
1:32:29It's a lot of people want to say that.
1:32:37Well,
1:32:40Before the conclusion, I'm sorry.
1:32:42We'll talk about it later on.
1:32:44He looked up at the meeting and he kind of raised her skirt.
1:32:56I think he got it across to the people 200 years ago.
1:33:07I'm not sure.
1:33:07I'm not sure.
1:33:08There was so much else that I'm not sure that did.
1:33:13It's a good story.
1:33:15But I have a feeling, because I haven't seen any other time.
1:33:20I'm not sure that, you know, in that context, that it was a saleable point.
1:33:29And that may be why it didn't.
1:33:34I don't think it is, but I may be wrong.
1:33:38I think you did that.
1:33:40I think you got that feeling.
1:33:42And that's where you can pick up this week.
1:33:46Do you want me to have someone else call Rock and Roll inside that?
1:34:12The Oakland A's are going to be in town on a tour in the next couple of days.
1:34:34And Bob Ellison, their broadcaster,
1:34:37wrote in saying they'd be here.
1:34:39They're here today, tomorrow and Wednesday.
1:34:41Many members of the team have expressed a desire to see the President wonder if he wanted to invite him over to serve and come through for a handshake.
1:34:48You can get private police if you want to 20 seconds on the phone.
1:34:56All right.
1:34:56Sure.
1:34:56And we do it tomorrow.
1:34:57You've got to break anyway for that swearing in ceremony.
1:35:00Sure.
1:35:00Catch that and then you get back to working on the White House tour.
1:35:07It's kind of a nice, just very good name for the major players.
1:35:14I've heard other people, I don't know a couple of them.
1:35:26I've got some.
1:35:27I've got some.
1:35:27He's got the less fun motto.
1:35:29The owner and the coaches had brought Charlie Fenton down here.
1:35:33Charlie Fenton would be here and Bob Elston would provide the booth.
1:35:36And Elston did, I think, used to do the Washington Snackers.
1:35:43Currently so.
1:35:43He's been in here before, Bob Elston.
1:35:46Tom might be delighted that they come by at a certain time tomorrow.
1:35:48I'll give him the first class.
1:35:51He would go out along with his grandpa, you know what I mean?
1:35:53I'll pass that line of letters.
1:35:56I'll help him.
1:35:59That we do kind of all the same.
1:36:02My wife does private tax.
1:36:02I consider it important for them to get that kind of money.
1:36:05And then have them just come into the office and have an extra day and travel a lot and do sports and so on and so on.
1:36:14They're essential in our area.
1:36:19Kansas City is not.
1:36:20Well, I think we can start to fight a blue story.
1:36:21This is sort of a good human interest story anyway.
1:36:30Do you want Mitchell up there for the rock and roll breakfast?
1:36:35Yeah, I do.
1:36:35I'd love that breakfast with the rock and roll over here.
1:36:398.35 is the time to do that.
1:36:41Sure, if you don't leave until 9.55, I'll give you an hour for breakfast and a few minutes to get ready to go.
1:36:51Sure.
1:36:51You don't want more than 10 minutes of it.
1:36:53And you've got to hike it up to 94, so no one can rush you to get up.
1:37:02It's not well to do a thing like that and get out of the country the way you did this week, Tiff.
1:37:06You know, I think it was good that I was... that I did spend the time up there, and I'm going to do it again.
1:37:13I did go, and I wrote that goddamn thing myself.
1:37:17To the extent that it did get across, I thought I would never have done it if I had taken the treasury draft, which was, of course, unbelievably bad.
1:37:23But not bad, though.
1:37:25Somebody else just started out, and we were in a horrible crisis, and it all happened.
1:37:30You know, we've got this crisis requires us to do things, to tighten our belts and so forth.
1:37:36That would be terrible.
1:37:37And Orsak would always dare act, which was good, but Orsak, as he would, with the, you know, the typical, you know, sort of, sort of mincing, plundering of it, rather than, rather than, you see, that, at least, you know, standing in front of that speech, it's red, is a, yeah, it's, I mean, it's a, it's a white,
1:37:57quite a masterful job of marching, you know what I mean?
1:38:01It is, I can tell right away in one way, it's not a grand cardinal, but I mean, when I'm not parking, I say, look at the way that it fits together.
1:38:08The speech itself fits together, and saying the war, peace, and all that, I think it's very important for the little destiny of the satellite police.
1:38:14And he did it.
1:38:16He did it.
1:38:21The whole job is literally work.
1:38:22He's probably going to do work, because he doesn't whine around.
1:38:27Well, if none of them agree, yes, sir.
1:38:30In his case, he just takes it right away.
1:38:32Yeah.
1:38:33Pricing him off another line.
1:38:34Yeah.
1:39:20Is there a person set down for a second?
1:39:22And can the governor hold the duty right through here just a minute?
1:40:13Yeah.
1:40:59A lot of it.
1:41:01Listen, before we get, let me say, Bob Haldeman just sent a letter to me.
1:41:07And I wondered, I am going to speak to the Knights of Columbus 2 p.m. Would you be free for breakfast the next morning or something?
1:41:18Well, it's 8.30 and you might come to the Walmart.
1:41:22And I might have John Mitchell probably with me in a hurry and we'll have a good hour.
1:41:30And if you don't mind, I need to put it on our schedule.
1:41:35Now, there's a good reason for this, too.
1:41:37I want to be sure that everybody knows I'm still, you know, we're still working on revenue sharing.
1:41:41I said the only thing, as John Irving told you, all we were doing there was simply, simply a major reality that with the month of August coming along and as Congress went back to September, that the day might be split.
1:41:55But if they believe, if they want to make it to October, they can.
1:41:59That's for your information, anyway.
1:42:10How do you feel about the wage price thing?
1:42:12Do you think we'll probably get cooperation for a while, and do you think the people are ready for it?
1:42:20Incidentally, your labor is very expensive.
1:42:50Right.
1:42:50I don't mind her losing her.
1:42:53Since I was peaceful.
1:42:54Right.
1:42:56Yeah.
1:42:58Yeah.
1:43:03One thing, too, as you all realize, only the sophisticates understand the international money and everything, but Nelson, we had to do that.
1:43:12We had to get our friends abroad, particularly the Japanese, to revalue their currencies so that our goods would be competitive.
1:43:21Don't you agree?
1:43:31Yeah.
1:43:43All right.
1:43:56All right.
1:43:57Well, we all had that.
1:43:58Everybody played with Bart.
1:43:59John Connolly, of course, was a good guy.
1:44:02And, of course, we had George Schultz.
1:44:05And Art Burns was great.
1:44:08And Pete Peterson.
1:44:09Pete Peterson, that
1:45:22Now we gotta make it work.
1:45:25Right.
1:45:26Right.
1:45:32Right.
1:46:04And we can, of course, with the less of all countries, of course, we can examine what you will do.
1:46:11But this really, as you know, very well know, is really the common market.
1:46:14Plus Japan, that's all we should talk.
1:46:17Nothing else.
1:46:31It's so good of you to call.
1:46:33And you, how about the, I can't tell his name, his reaction, but.
1:46:41Oh, yeah, he does, yeah, good.
1:46:46I only ask because he's in the band community, and we, I don't think he, four of them, because he knows that building is necessary.
1:46:52Yeah, right.
1:46:54Could do that, you know.
1:46:58Good, good, well.
1:47:05Yeah.
1:47:11Mm-hmm.
1:47:14Mm-hmm.
1:47:17Ready?
1:47:20Right.
1:47:20Yeah, yeah.
1:47:31Sounds, sounds, sounds good to me.
1:47:34Did John say that it was possible to wrestle the boat?
1:48:00I haven't practiced, too.
1:48:03And I mentioned to myself, man, would you like to bring him about here?
1:48:06Or would you like?
1:48:07Fine, fine.
1:48:09That's fine.
1:48:10Anybody you like.
1:48:12Fine.
1:48:13And just go ahead and talk to him, and I appreciate your being in the state.
1:48:21Can you turn me off?
1:48:21Can you turn me off?
1:48:23Yeah.
1:48:24You know what I did?
1:48:25I wrote this speech.
1:48:25Of course, I'll leave it in planning sometime when I'm out at the camp.
1:48:28David and I had a meeting and gave the signals to everybody and told them to come back with the progress.

Nixon, Haldeman & Haig on National Economy and Public Relations

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Nixon Library Finding Aid

Also recorded on August 16, 1971

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