Conversation: 679-013
Prev:  679-012 Next: 679-014Start Date: 7-Mar-1972 3:05 PM
End Date: 7-Mar-1972 4:43 PM
Participants:
Nixon, Richard M. (President); Connally, John B.; Shultz, George P.; Stein, Herbert; Sanchez, Manolo; Recording Device: Oval Office
Full Tape Conversation Start Time: 02:44:29
Full Tape Conversation End Time: 04:22:49
NARA Description:
On March 7, 1972, President Richard M. Nixon, John B. Connally, George P. Shultz, Herbert Stein, and Manolo Sanchez met in the Oval Office of the White House from 3:05 pm to 4:43 pm. The Oval Office taping system captured this recording, which is known as Conversation 679-013 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 679-13 Date: March 7, 1972 Time: 3:05 pm - 4:43 pm Location: Oval Office The President met with John B. Connally, George P. Shultz, and Herbert Stein. Arthur F. Burns’s schedule -Central bank meeting -Switzerland -Federal Reserve Board [FRB] staff West Germany and France -Burns’s [?] sppech -Interest rates -Gold Social Security -Spending ceiling -Gold bill -Debt ceiling -Willy Brandt -Treasury Department -Social Security -Debt ceiling -House of Representatives -Tax bill 30 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Social Security increase -Connally’s view -Wilbur D. Mills -Wages -Inflation -Civilian federal employees -Mills -Florida primary -Hubert H. Humphrey [?] -Democrats -Proposals -Senior citizens -Support for the President -Congress -Tax -Deficit -Inflation -Testimony by Shultz and Connally -Cost of living raise -Mills -William E. Timmons and Clark MacGregor -Mills’s proposal -Tax change -Wage base increase -House Resolution [HR] 1 -Timing -Elliot L. Richardson’s proposal -Mills -HR 1 -Office of Management and Budget [OMB] -Gerald R. Ford -MacGregor and Timmons -Representatives and Senators -The President’s experience -Russell B. Long -Taxes -Mills -Timing -Walter F. Mondale -Senate Finance Committee -HR 1 -Popular opinion 31 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Inflation -Business people -Shultz’s previous conversation with Bryce N. Harlow -Wallace F. Bennett -The President’s disapproval -Senior citizens -Stein’s view -Appropriation of monies -Timing -Ronald L. Zeigler -Connally -Shultz -Richardson -Department of Health and Education and Welfare [HEW] -Mills -Cost of living increases -Taxes compared to benefits -Full employment budget -Inflation -Senior citizens -Administration position -Congress -No increase in spending -Arthur S. Flemming -Gilbert Carmichael -Cost of living -Inflation -Wage and Price Boards -Deficit -Compared to veto of previous education bill -National Education Association [NEA] -Senior citizens Budget -Other forthcoming spending measures -Higher education bill -Veto -Senior citizens compared to educators -Water quality authorization bill -John D. Ehrlichman -Environment -Edmund S. Muskie 32 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -The President’s view -Potomac River cleanup -Expense -Navy -Dumping problems -Expense -Compared to the net impact -Defense -Air Force and Army Social Security -Richardson -Troika -Paper -Tax rate increases -HR 1 -Administration position -Election -Deficits -Stein -Mills ****************************************************************************** BEGIN WITHDRAWN ITEM NO. 2 [Personal Returnable] [Duration: 2m 5s ] END WITHDRAWN ITEM NO. 2 ****************************************************************************** Budget -Shultz -Connally -Environmental bill -Shultz’s memorandum to the President -Ehrlichman -Environmental issue 33 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Expense -Timing -Congress Economy -Social Security -Wage and price controls -Longshoremen strike -Pay Board -Harry Bridges -J. Curtis Counts -Bridges -Previous agreements with longshoremen -Previous practices -Stealing -Donald H. Rumsfeld -Connally -Previous agreement Manolo Sanchez entered at an unknown time after 3:05 pm. Refreshments Sanchez left at an unknown time before 4:43 pm. Labor relations -Longshoremen strike -Bridges -West Coast docks -Unemployment compensation -Military cargo -Possible legal measures -Injunction -Strike fund -John L. Lewis -Gridiron dinner -The President as a congressman -Labor support of administration -I[lorwith] W[ilbur] Abel -Construction industry -Wages -Pay Board 34 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Possible labor walk-off -International Brotherhood of Teamsters -Shultz’s forthcoming meeting with Frank E. Fitzsimmons -Fitzsimmons -The President’s return from the People’s Republic of China [PRC] -Meeting with Connally -Economy -Social Security -Rising cost of living -Business confidence -Consumer confidence -Bridges -Employers -Employment figures -Stevedores -Contingency plan -OMB -Justice Department -Use of military -National Guard -Compared to Postal Service strike -Units with experience from Vietnam -Naval Construction Battalions [Seebees] -Saigon compared to Los Angeles -Military cargo -Defense Department -Bridges -Thomas W. (“Teddy”) Gleason -East Coast docks -Possible national strike -Use of military -Troops in Postal Service strike -Forthcoming meeting with George Meany -Possible task force -Possible chairman -Rumsfeld -Shultz -Rumsfeld -Labor -Cost of Living Council [COLC] -Contingency plan -Justice Department 35 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Defense Department -Rumsfeld -OMB Busing -Moratorium -Importance as an issue Economy -Minimum wage legislation -Future -Increase -Democrats -Labor -Level of increase -William M. Colmer -Republicans -Conservative Democrats -Increase -Timing of increase -Wage controls -Economic Stabilization Act -Wage controls -Low income group -COLC -Youth minimum wage differential -Youth vote -Youth unemployment -Lyndon B. Johnson -Detroit unemployment project -Amount -Cost of living -Level comparable to working poor -Compared to sweat shops -Youth unemployment -Percentage -Amount of increase -Youth differential -Legislation -Possible veto -Amount of proposed increase -Mills 36 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Coverage -Extension -Bargaining -Extension of coverage -Youth differerential -Amount of increase -The President’s view -COLC -The President’s view -Possible veto -Extension of coverage -Youth differential -Amount of increase -Unemployment insurance amendments -Unemployment figures -Possible report from Stein -Memoranda -White House -Shultz -Connally -Rumsfeld proposition -Retail sales figures -General Motors [GM] -Manufacturing -Wage and price controls -Expansion of government spending -Environment -Navy -Adm. Elmo R. Zumwalt, Jr. -Air Force -Army -Income tax -Consumer confidence -Unknown person -New York -Western Europe -Payroll -Equipment expenditures -Orders for capital goods -Orders for manufactured goods -Orders for durable goods -Increase in orders 37 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Employment -Domestic automotive sales -Financial position of consumers -Leading indicators -Unemployment insurance -Manufacturing layoffs -Housing starts -Housing permits -Mortgage lending institutions -Savings -Standard and Poor’s Index of stock prices -Dow Jones -Weekly earnings -Consumer Price Index [CPI] -Unemployment -Money supply -Interest rates -Decline -Retail sales -Merchandise trade -Balance of payments -Imports -Exports -Confidence in business community -Consumer index -Interest rates -Burns -Money supply -Convertability -Administration position -Wall Street -International bankers -Jelle Zijistra -Balance of payments -Stein -Connally -Burns -Hobart Rowen -Stein -Memoranda -The President -Shultz 38 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Connally -Report -Council of Economic Advisors [CEA] -Ezra Solomon -[Marina von N. Whitman] -Burns -Value added tax [VAT] -The President’s view -Example of foreign policy advisors -Henry A. Kissinger -Economists -Forthcoming meeting in New York -Figures -Connally -Social Security -Connally’s previous meeting with C. Jackson (“Don”) Grayson, Jr. -Price Commission -Utilities -Regulatory agencies -Federal Power Commission -Telephone companies -Connally’s view -Tier 1 -Tier 2 -First quarter reports -Semi-annual reports -OPM -Internal Revenue Service [IRS] -Defense Department Melvin R. Laird -IRS -Audits -The President’s schedule -Forthcoming meeting -Connally, Shultz, Stein -Social Security -Congress -MacGregor and Ehrlichman -Minimum wage issue -Longshoremen’s strike -Task force -Meany 39 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) -Social Security -Senior citizens -Issues -Wage and price controls -Busing -Budget -Cost of living -Stock market -Stein -Standard and Poor’s -Dow Jones Meeting -The President’s view -Quadriad -Burns -Schedules -Invitees -CEA Connally, Shultz, and Stein left at 4:43 pm.