Nixon White House Tapes › Tape 575 › Conversation 575-003

Nixon, Shultz & Sanchez on Wage and Price Freeze and Economic Policy

Friday, September 17, 1971 · 2:32 PM–2:37 PM ET · Oval Office

ParticipantsNixon, Richard M. (President); Sanchez, Manolo; Bull, Stephen B.; Shultz, George P.Conversation575-003 on Tape 575 (tape position 01:19:20–01:24:20)StartFriday, September 17, 1971 at 2:32 PMEndFriday, September 17, 1971 at 2:37 PMRecording deviceOval OfficeSourceNixon Library record for 575-003 ↗

President Nixon consulted with George P. Shultz to coordinate strategy for an upcoming meeting with Congressional leaders regarding economic policy. They discussed the effectiveness of the current wage and price freeze, analyzed positive economic indicators such as rising housing starts and GNP projections, and debated the handling of upcoming economic legislation. The pair specifically addressed the need to secure a deadline extension for economic programs to ensure ongoing legislative support and administrative success.

Download MP3 (part 1) · 168.1 MB ·Download MP3 (part 2) · 112.7 MB

This conversation has not yet been cut into its own clip, so the player above contains the full tape segment shared with neighbouring conversations. It begins about 01:19:20 into the tape and ends around 01:24:20.

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Names and numbers are often wrong; speakers are not identified. Do not cite it as authoritative — verify against the audio and the finding aid.

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1:19:50Kutscher!
1:19:52Kutscher!
1:21:07Dødhjulet bygges i dag.
1:22:39I'm sorry.
1:23:16I have to tell you one thing.
1:23:16One thing you might consider.
1:23:17They may bring up legislation in this area.
1:23:18Yeah.
1:23:18So, well, I think that it would be advantageous if they were to do that.
1:23:19There is a deadline.
1:23:42Just let it be extended for another year so we don't wind up.

On September 17, 1971, President Richard M. Nixon, Manolo Sanchez, Stephen B. Bull, and George P. Shultz met in the Oval Office of the White House at an unknown time between 2:32 pm and 2:37 pm. The Oval Office taping system captured this recording, which is known as Conversation 575-003 of the White House Tapes.

Conversation No. 575-3

Date: September 17, 1971
Time: Unknown between 2:32 pm and 2:37 pm
Location: Oval Office

The President met with Manolo Sanchez.

     Greetings

Stephen B. Bull entered at an unknown time after 2:32 pm.

     President’s schedule
          -Upcoming meeting with Congressional leaders
                -Number of people absent

                     -John B. Connally
           -Meeting with George P. Shultz

Bull left at an unknown time before 2:34 pm.

     Pen

     Schedule
          -Unidentified trip
               -Time
               -H. R. (“Bob”) Haldeman
               -Henry A. Kissinger
               -William P. Rogers
               -John D. Ehrlichman
               -John N. Mitchell
               -Haldeman

Sanchez left and Shultz entered at 2:34 pm.

     Congressional leadership meeting
         -Briefing
         -Shultz's possible statement
         -The President's possible statement
               -Presentation
         -William Proxmire
         -Spiro T. Agnew
               -Governors meeting
         -Clark MacGregor
         -The President's possible statement
               -Shultz
               -Wage and price freeze
                     -Effectiveness
               -Cooperation
               -Support for program

     Economic policies
         -Industrial production index
               -Reflection on the President's policies
         -Preliminary report
               -Gross National Product [GNP] goal
                     -Percentage

           -Housing starts
               -Rise
                     -Record high figure

     Congressional meeting
         -Economic legislation
         -Deadline
               -Date
               -Extension
                     -Time
         -Handling
               -The President’s possible statement
                     -Unknown person’s statement
               -Herbert Stein

The President and Shultz left at 2:37 pm.
  • 574-014 12:49 PM · 36 sec — President Richard M. Nixon, Stephen B. Bull, and Alexander P. Butterfield met in the Oval Office of the White House at 12:49 pm.
  • 574-015 12:50 PM · 22 min — President Richard M. Nixon, John H. Geiger, William F. Hauck, Ralph Bates, Charles W. Colson, and White House photographer met in the Oval Office of the White House from 12:50 pm to 1:12 pm.
  • 575-001 1:13 PM · 2 min — President Richard M. Nixon, David C. Hoopes, Lorenzo N. Hoopes, White House photographer, and H. R. ("Bob") Haldeman met in the Oval Office of the White House from 1:13 pm to 1:15 pm.
  • 575-002 1:17 PM · 1 hr 17 min — President Richard M. Nixon, H. R. ("Bob") Haldeman, Stephen B. Bull, Ronald L. Ziegler, and Charles W. Colson met in the Oval Office of the White House from 1:17 pm to 2:32 pm.
  • 076-001 2:30 PM — President Richard M. Nixon and bipartisan Congressional leaders, including John G. Tower, Wallace F. Bennett, William Proxmire, Allen J. Ellender, Milton R. Young, John J. Sparkman, Norris Cotton, Harrison A. Williams, Jr., Jacob K. Javits, Herman E. Talmadge, Jack R. Miller, Robert C. Byrd, Hugh Scott, Michael J. ("Mike") Mansfield, Wright Patman, George H. Mahon, Frank T. Bow, William L. Springer, Albert H. Quie, William R. Poage, Page Belcher, [Thomas] Hale Boggs, Gerald R. Ford, Carl B. Albert, George P. Shultz, Herbert Stein, Charls E. Walker, Clark MacGregor, William E. Timmons, and John B. Connally [?], met in the Cabinet Room of the White House at an unknown time between 2:30 pm and 4:24 pm.
  • 076-002 4:24 PM — unknown person(s) met in the Cabinet Room of the White House at an unknown time between 4:24 pm and 4:26 pm.
  • 575-004 4:24 PM · 9 min — President Richard M. Nixon, Ronald L. Ziegler, Alexander P. Butterfield, White House operator, Warren E. Burger, and Stephen B. Bull met in the Oval Office of the White House from 4:24 pm to 4:33 pm.
  • 009-063 4:28 PM · 4 min — President Richard M. Nixon and Warren E. Burger talked on the telephone from 4:28 pm to 4:32 pm.

Conversation 575-003, September 17, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/575-003 (accessed October 12, 2026).