Conversation No. 567-10

Date: September 4, 1971
Time: 10:47 am - 11:14 am
Location: Oval Office

The President met with George P. Shultz, Stephen B. Bull, Arnold R. Weber, Gen. George A.
Lincoln and Paul W. McCracken; the White House photographer was present at the beginning of
the meeting.
                                              20

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                         Conv. No. 567-9 (cont.)



     Greetings

     Press photograph
           -Seating of group
                 -McCracken
                      -Position
                 -Shultz
                 -Lincoln

     The President's schedule
          -Meeting with Carlos Sanz de Santamaria
               -Effect and timing of surcharge action on Latin America

     The economy
          -Wage and price freeze
              -Work
              -John B. Connally
              -Shultz
              -The White House staff
                    -Charles W. Colson
              -The President's conversation with Clifford M. Hardin
                    -Cost of Living Council [COLC]
                          -Weber
                               -Captain Kangaroo description

Members of the press entered at an unknown time after 10:47 am.

     Oliver F. (“Ollie”) Atkins

     [Photograph session]

Bull, photographer and press left at an unknown time before 11:24 am.

     The economy
          -Headline news stories
               -Wage and price freeze
                     -Implementation
                          -Civil servants
               -Work
               -Public support
                                     21

                NIXON PRESIDENTIAL MATERIALS STAFF

                            Tape Subject Log
                              (rev. 10/06)
                                                     Conv. No. 567-10 (cont.)


            -Governors
                  -Preston Smith of Texas
            -Labor leaders
                  -Frank E. Fitzsimmons
            -Joseph L. Alioto
-Effect of action
      -Teachers
            -Cost of living pay raise
                  -Dayton, Ohio
                  -Illinois union
                  -Richard B. Ogilvie
                        -California teachers union
                              -Organizing effort
      -Union leader's jailing
      -Ogilvie
-Policies
      -Consistency
            -Wage increases
                  -Ceilings
      -Guidelines
            -Wage and price freeze
      -Recent wholesale price figures
      -Problems
      -Alternatives
      -Bureaucracy
      -Need for strong action
-Wage and price freeze
      - Bubble
      -Duration
            -Rules and regulations
                  -Establishment
                        -Timing
            -Measuring effectiveness
      -Public support
            -Necessity
      -Wage issues in professions
            -Teachers
            -Football salary negotiations
                  -Contracts
                  -Joe [William] Namath
                  -Waivers
                                   22

               NIXON PRESIDENTIAL MATERIALS STAFF

                           Tape Subject Log
                             (rev. 10/06)
                                                            Conv. No. 567-10 (cont.)


                 -Football players during the Korean War
                 -Consistency
                 -Press coverage
           -Baseball
                 -Vida Blue
                       -Automobile
                       -Annual salary
                       -Supplements to salary
                       -Product endorsements and commercials
     -Price control
-Productivity
     -Productivity Commission [National Commission on Productivity]
           -Statement
                 -Phase II
                 -Bargaining
                 -Labor and management cooperation
     -Business
           -General Motors [GM]
                 -American Motors [AMC]
                 -Lynn A. Townsend
                       -Conversation with McCracken
     -Office of Economic Policy [OEP] and COLC staff
           -The President’s appreciation for work on freeze
           -Personnel
                 -Number
                 -OEP
           -Sources of detailed employees
                 -Internal Revenue Service [IRS]
                       -Morale
           -The President's experiences at Office of Price Administration [OPA]
                 during World War II
                 -Thomas I. Emerson, David Capers
                 -Work
                       -Tire rationing
                 -Feeling of participation in effort
     -Management interns on staff
           -Unknown woman
                 -Department of Health, Education and Welfare [HEW]
     -Employees
           -IRS
     -Appreciation of work
                                                 23

                             NIXON PRESIDENTIAL MATERIALS STAFF

                                          Tape Subject Log
                                            (rev. 10/06)
                                                                  Conv. No. 567-10 (cont.)


                   -90-day freeze
                   -Operation of freeze
                   -Expression of appreciation
                   -William L. Safire
                   -Unnamed woman
             -President’s schedule
             -COLC meetings
                   -Schedule
             -Policy meetings
                   -Schedule
                   -Flow of information
             -Freeze
                   -Politics
                   -Popular reaction
                   -Delays
                   -November 13-14 deadline date
                   -Phase II
                   -Economic impact of lifting freeze
                   -November 13-14 deadline date
                   -Communication
                   -Transition
                         -Management of freeze

     Weber
         -Future plans
              -Teaching
                    -University of Chicago
                         -Milton Friedman

     Gifts
             -Golf balls
                  -Tokens of appreciation
                         -Freezing of salaries
                         -Golf

     Shultz’s schedule

Shultz, Weber, Lincoln, and McCracken left at 11:14 am.
                                                24

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                Conv. No. 567-10 (cont.)