Conversation No. 619-7

Date: November 16, 1971
Time: 9:53 am - 10:13 am
Location: Oval Office

The President met with John B. Connally.

     Connally's schedule
         -New York

     Paul W. McCracken
          -Tenure in office
               -University of Michigan
          -Replacement
               -Herbert Stein

     National economy
          -Federal Reserve Board [FRB]
                -Arthur F. Burns
                -The President's conversation with Peter M. Flanigan
                -Connally
                     -Role
                     -Forthcoming meeting with Frederic V. Malek, November 17, 1971
                                         5

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/06)
                                                              Conv. No. 619-7 (cont.)


                -Conversation with Burns, November 15, 1971
                    -[Forename unknown] Thompson
                          -Dallas

Hoyt Ammidon
     -The President's conversation with Flanigan
           -Possible role with Administration
     -Forthcoming conversation with Connally
     -William P. Rogers

Walter N. Thayer
     -Possible role with Administration
           -North Atlantic Treaty Organization [NATO]
     -The President's conversation with Flanigan

National economy
     -Stock market
           -[Forename unknown] O’Reilly [sp?]
     -Inflation
     -Wage increases
     -Profits
     -Connally's forthcoming speech in New York, November 16, 1971
           -Stock market
                 -1968 compared to 1971
                       -War and inflation
           -The President's program
           -Economic uncertainty
           -International monetary situation
                 -The President’s August 15, 1971 speech
           -Isolationism
                 -The President's program
                       -Security
                       -Foreign aid
           -India-Pakistan
                 -US refugee assistance
                 -Compared to assistance from other countries
     -Status
           -Statement
                 -Ronald L. Ziegler
           -Businessmen
                 -Charls E. Walker
                                    6

                NIXON PRESIDENTIAL MATERIALS STAFF

                            Tape Subject Log
                              (rev. 10/06)
                                                              Conv. No. 619-7 (cont.)


           -Paul A. Volcker
           -Gold
-Gold
      -The President's schedule
           -Henry A. Kissinger
           -Gen. Charles A.J.M. De Gaulle
           -Georges J.R. Pompidou
      -Burns's views
           -Convertibility
           -Newsweek
      -George P. Shultz's views
      -Connally's views
           -Kissinger's conversation with the President
                 -Pompidou
      -US negotiating position
      -Views of Richard N. Cooper, William J. Fellner, Walter S. Salant, Fritz
           Machlup
           -Convertibility
-Connally's forthcoming speech in New York, November 16, 1971
      -Connally's previous foreign trip
      -The President's views
           -US world role
                 -Responsibility
                 -International trade
                 -Competition
                 -Protectionism
-Connally's role
      -John N. Mitchell
      -The President's views
           -New international economic system
-Connally's forthcoming speech in New York November 16, 1971
      -New Yorkers' views
           -Time
           -New York Times
-Stock market
      -The President’s recent conversation with George E. Allen
-Inflation
-Prospects
      -1972
-Problems
      -The Administration
                                           7

                        NIXON PRESIDENTIAL MATERIALS STAFF

                                   Tape Subject Log
                                     (rev. 10/06)
                                                                   Conv. No. 619-7 (cont.)


               -Coordinating responses
         -Connally's forthcoming speech in New York, November 16, 1971
               -Criticisms
               -Theme
                     -Internationalism
         -Peter G. Peterson
               -Possible role with administration
                     -Commerce Department

    Cabinet
         -Rogers
         -Melvin R. Laird
              -Story in New York Times regarding Vietnam withdrawal
                   -Residual forces


*****************************************************************

BEGIN WITHDRAWN ITEM NO. 3
[Personal Returnable]
[Duration: 52s ]


END WITHDRAWN ITEM NO. 3

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    Vietnam
         -The President's meeting with congressmen, November 15, 1971
               -Michael J. Mansfield
               -Hugh Scott
         -Congress
               -Withdrawal
                    -Prisoners of war [POWs]
               -Negotiations
                    -Possible outcome
                          -Blame
         -Military options
               -Possible effect
                    -People’s Republic of China [PRC]
                                              8

                             NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                  Conv. No. 619-7 (cont.)


                -POWs

An unknown person entered at an unknown time after 9:53 am.

     The President’s schedule

The unknown person left at an unknown time before 10:13 am.

     POWs

     The President's leadership

Connally left at 10:13 am.