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Conversation: 757-005

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Start Date: 31-Jul-1972 4:10 PM

End Date: 31-Jul-1972 5:38 PM

Participants:

Nixon, Richard M. (President)Colson, Charles W.Haldeman, H. R. ("Bob")[Unknown person(s)]Weinberger, Caspar W. ("Cap")Shultz, George P.Stein, HerbertEhrlichman, John D.

Recording Device: Oval Office

757-005.mp3

NARA Description:

On July 31, 1972, President Richard M. Nixon, Charles W. Colson, H. R. ("Bob") Haldeman, unknown person(s), Caspar W. ("Cap") Weinberger, George P. Shultz, Herbert Stein, and John D. Ehrlichman met in the Oval Office of the White House from 4:10 pm to 5:38 pm. The Oval Office taping system captured this recording, which is known as Conversation 757-005 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 757-5

Date: July 31, 1972
Time: 4:10 pm - 5:38 pm
Location: Oval Office

The President met with Charles Colson at 4:10 pm.

*****************************************************************
BEGIN WITHDRAWN ITEM NO. 1
[Personal returnable]
[Duration: 7m 42s     ]

H.R. (“Bob”) Haldeman entered at 4:15 pm.

END WITHDRAWN ITEM NO. 1
*****************************************************************

     The President's schedule
          -The President’s press conference, July 27, 1972
                -The President’s conversation with Ronald L. Ziegler and Haldeman
          -John B. Connally
                -Location
                      -Madison Hotel
                -Meeting with the President

H.R. Haldeman talked with an unknown person at an unknown time between 4:15 pm and
4:22 pm. The President and Colson can be heard in the background.

[Conversation No. 757-5A]

     Connally
          -Location
          -Dinner
     The President’s recent press conference [?]
          -Timing
                                               3

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Mar-02)

[End of telephone conversation]

*****************************************************************
BEGIN WITHDRAWN ITEM NO. 2
[Personal returnable]
[Duration: 2m 56s     ]


END WITHDRAWN ITEM NO. 2
*****************************************************************

     The President's schedule
          -Connally

The President left at an unknown time after 4:15 pm.

     Connally
         -Sensitivity

Caspar W. (“Cap”) Weinberger, George P. Shultz, and Herbert Stein entered at 4:22 pm.

     New Economic Policy
         -Pierre Rinfret

     Budget
         -Clark MacGregor
         -Rinfret
         -Leonard Garment
         -John A. Volpe

John D. Ehrlichman entered at 4:23 pm.

     Unknown man

     Budget
         -Highway funds
              -Job creation

     “Wreckonomics”

     Shultz’s telephone call to an unknown person

The President entered at an unknown time after 4:23 pm.
                                        4

                NIXON PRESIDENTIAL MATERIALS STAFF

                               Tape Subject Log
                                 (rev. Mar-02)

Seating arrangements for photograph session

The President's schedule
     -Allen J. Ellender's funeral
           -Russell B. Long
                 -Conversation with the President
                     -Transportation
           -Transportation
           -Governor of Louisiana [Edwin W. Edwards]
           -Connally

National economy
     -Possible federal spending ceiling
           -Politics
     -Previous meeting with the President
           -Democratic National Convention
           -Consumer Price Index [CPI]
           -Unemployment
     -Tax package
     -Food prices
     -Unemployment
     -[Hurricane Agnes] flooding
           -Effect on food prices and unemployment
     -Prospects
           -Growth of Gross National Product [GNP]
                 -Revisions of figures
                     -July [?] 15, 1972
           -CPI
                 -Unemployment
           -Meat prices
                     -Decline
                            -Wholesale
                            -Retail
           -1972 election
     -Democrats' attacks
           -economy

1972 campaign
    -Economy
         -Democrats’ attacks
              -Federal budget
                  -Deficit
                         -Paul A. Samuelson
                         -Walter W. Heller
                                               5

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Mar-02)

                     -Inflation
                     -Taxes
                          -Deficit
                                  -Heller-Samuelson testimony
                          -John Kenneth Galbraith
                                  -Public sector spending
                                        -compared to private sector spending
                -Issues
                     -The President's performance
                          -Polls
                          -Inflation, taxes, unemployment
                          -Crime

An unknown person entered at an unknown time after 4:32 pm.

*****************************************************************
BEGIN WITHDRAWN ITEM NO. 3
[Personal returnable]
[Duration: 2m 11s     ]

The unknown person left at an unknown time before 5:38 pm.

END WITHDRAWN ITEM NO. 3
*****************************************************************

     National economy
          -Inflation
                 -Food prices
                      -Meat
                 -CPI
          -Unemployment
                 -Lay-off rate
                      -Decline
          -Public opinion
                 -Lag in public perceptions
                      -Albert E. Sindlinger's poll
                 -Arthur M. Schlesinger, Jr's article in New York Times Magazine, July 30, 1972
                      -Economic stimulation
                      -Inflation, unemployment
                      -Possible date of writing
                      -McGovern
                      -Inflation, unemployment
                 -CPI compared to voter perceptions
                      -Food prices
                                   6

           NIXON PRESIDENTIAL MATERIALS STAFF

                          Tape Subject Log
                            (rev. Mar-02)

                -Louis P. Harris poll
                       -Commerce Department
                -Sindlinger poll
           -Medical care
                -Effect on the President's popularity
                       -“War on Cancer” program
                       -Nursing homes initiative
      -[McGovern]
           John F. Kennedy
-Possible administration actions
      -Public relations efforts
           -1972 election
-Food prices
      -Administration's actions
           -Removal of meat import quotas
                -Wholesale prices
                -Futures prices
                -Farmers reaction
                       -Telegrams
           -Inflation
                -Federal spending
                -Wages and prices
                -Economic expansion
                -Unemployment
                       -Heller-Samuelson line
                -Spending ceiling
      -McGovern's platform
           -Consumer education
                -Farm prices
                       -Parity
      -Perceptions
      -Harris poll
           -Consumer blame
                -Farmers
                       -Compared to processors
      -Administration's possible actions
           -Freeze on food prices
                -Timing
                       -1972 election
                       -Republican National Convention
                -Harris’ view
      -Public relations efforts
-August 15, 1971 program
      -Impact
                                            7

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                    Tape Subject Log
                                      (rev. Mar-02)

         -Tax relief
               -Administration concern
               -Wilbur H. Mills, McGovern plans
               -Voters' views
               -Administration's possible actions
                     -Support for change
               -McGovern's views
               -George C. Wallace's views
               -Democratic primaries
               -Responsibility
               -Concern
         -Ceiling on federal spending
               -Administration's position
                     -The President’s meeting with Senators and Congressmen, July 31, 1972
               -As public issue
                     -Polls
                         -Balancing the budget
                         -Taxes
               -Possible legislation
                     -Taxes
                         -Possible veto
                         -Possible Congressional action
                         -Prices
                     -McGovern and supporters' possible opposition
                         -Effect
                                 -Taxes
                         -Congress
                                 -Spending
                                 -Overriding vetoes
                                 -Defense cuts
                                 -Taxes
                     -Taxes
         -Current state
         -Administration's possible actions
               -Food prices
                     -1972 election
                     -Avoidance of controls
                     -Quotas
               -Taxes
                     -Public relations efforts

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

BEGIN WITHDRAWN ITEM NO. 4
                                              8

                        NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Mar-02)

[Personal returnable]
[Duration: 6m 13s         ]


END WITHDRAWN ITEM NO. 4
*****************************************************************

     Economy
         -Public relations efforts
               -Administration's possible actions
                     -Inflation
                     -Economic growth
                     -Unemployment
         -Robert P. Griffin's comment about automobile industry
               -Employment
                     -Relation to sales
                          -Overtime
                     -Productivity
         -Public relations efforts

*****************************************************************
BEGIN WITHDRAWN ITEM NO. 5
[Personal returnable]
[Duration: 18s        ]


END WITHDRAWN ITEM NO. 5
*****************************************************************

           -Controls and tax reform
                -Hobart Rowen
                      -Criticism
                -Selective freeze
                      -Food prices
                           -Meat
           -Voters' perceptions
                -Cost of living
                      -Compared to wages
                -Food prices
                      -Unemployment
                -Harris poll
                      -Food prices
                           -Blame
                                  -Middlemen, processors
                                     9

           NIXON PRESIDENTIAL MATERIALS STAFF

                            Tape Subject Log
                              (rev. Mar-02)

                       -Consumers
                       -Grocery stores
                       -Farmers
      -Edward R.G. Heath's election
            -Support of housewives
                -Food prices
            -Heath’s subsequent performance
                -Food prices
-Food prices
      -Administration’s opposition
      -Tariffs
            -Discussion at San Clemente
            -Problems
                -Meat cutter’s union
      -Prospects
            -September, October 1972
                -Agriculture Department
      -Controls
            -Beef and other raw agricultural products
                -Political consequences
                       -San Clemente
                       -Cattlemen, supermarkets, meat packers
                -Retail level
                       -Ninety day wage and price freeze
            -Timing
                -Labor Day
            -Effect
                -Delay
            -Processors
                -The President’s August 15, 1971 statement
                -Profit margins
      -As component of CPI
            -Separation
                -Agriculture Department
                -Possible announcement
                       -Instruction to Bureau of Labor Statistics
                              -Food price index
      -Public perceptions
            -Taxes
-Status
-Taxes, inflation
-Public relations
      -Ehrlichman's speeches
      -Taxes, buying power, food prices
                                             10

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. Mar-02)

             -Status quo
         -Administration's possible action

*****************************************************************
BEGIN WITHDRAWN ITEM NO. 7
[Personal returnable]
[Duration: 21s        ]


END WITHDRAWN ITEM NO. 7
*****************************************************************

        -Administration's accomplishments
              -Salability
              -Buying power
        -Social Security tax
              -Portion of taxes

*****************************************************************
BEGIN WITHDRAWN ITEM NO. 8
[Personal returnable]
[Duration: 9m 50s     ]


END WITHDRAWN ITEM NO. 8
*****************************************************************

         -Administration program
             -Wage and price controls
                   -Decontrol
                   -Haranguing bankers
                   -Exemptions
                        -Low income
                        -Small firms
             -Tax reform
                   -Republican platform
                        -Property tax relief
                   -McGovern
                   -Mills
                   -Value-added tax [VAT]
                   -Range
                   -Simplified income tax forms
             -The President's policies
                   -Effectiveness
                                               11

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Mar-02)

                          -Inflation
                          -Unemployment
                          -Samuelson’s and Heller’s view
                          -Press coverage
                          -Food prices

Council of Economic Advisors [CEA]
           -Administrative structure
                 -Staff burden
           -Role
                 -Marina Von N. Whitman
                      -Public speaking
                 -Treasury, Commerce Department, Office of Management and Budget [OMB]
                 -Size of staff
                 -Public relations
                      -Speaking engagements
                           -Television
                                   -Questions and answers [Q&A]
                      -Wall Street Journal
                      -Ladies' Home Journal, Time
                           -Women in economy
                      -Youth
                      -Timing
                      -Ezra Solomon
                      -Rowen
                      -John F. Osborne
                      -Television
                      -U.S. News and World Report, Barron's, Wall Street
                       Journal, Business Week
                      -Today Show, Columbia Broadcasting System [CBS] Evening News
                      -Schedule planning
                           -Invitations
                                   -Colson

Stephen B. Bull entered at an unknown time after 4:23 pm.

     The President’s schedule

Bull left at an unknown time before 5:38 pm.

          -CEA
                 -Performance
                 -Schedule
                      -Statements
                                             12

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. Mar-02)

          -Republicans' speeches
               -Donald H. Rumsfeld

     Taxes
         -The President’s position
              -Compared to opponents

     General conversation
         -Republican platform
         -Connally

Colson, Haldeman, Weinberger, Shultz, Stein, and Ehrlichman left at 5:38 pm.