Conversation 852-014

TapeTape 852StartWednesday, February 7, 1973 at 3:10 PMEndWednesday, February 7, 1973 at 3:15 PMParticipantsNixon, Richard M. (President); Dunlop, John T.; Dunlop, John T. (Mrs.); Ehrlichman, John D.; Stein, Herbert; Rumsfeld, Donald H.; White House operator; Renercomb, George; Shultz, George P.; Mahon, JackRecording deviceOval Office

AI Summary

President Nixon met with John T. Dunlop and several senior administration officials to formalize Dunlop’s appointment as the new chair of the Cost of Living Council. The discussion centered on the challenges of implementing Phase III of the administration's economic policy, specifically emphasizing the necessity of fiscal restraint and cooperation from labor and management to combat inflation. Nixon expressed his confidence in Dunlop’s unique ability to bridge the gap between business and labor interests to stabilize food prices and the broader economy.

John T. DunlopCost of Living CouncilPhase IIIInflationEconomic policyFiscal restraint

Audio

NARA Description

On February 7, 1973, President Richard M. Nixon, John T. Dunlop, Mrs. John T. Dunlop, John D. Ehrlichman, Herbert Stein, Donald H. Rumsfeld, White House operator, George Renercomb, George P. Shultz, and Jack Mahon met in the Oval Office of the White House from 3:10 pm to 3:15 pm. The Oval Office taping system captured this recording, which is known as Conversation 852-014 of the White House Tapes.

Nixon Library Finding Aid

Conversation No. 852-14

Date: February 7, 1973
Time: 3:10 pm-3:15 pm
Location: Oval Office

The President met with Mr. and Mrs. John T. Dunlop, George Renercomb, George P. Shultz, John
D. Ehrlichman, Herbert Stein, Donald H. Rumsfeld, and Jack Mahon; the White House
photographer and members of the press were present at the beginning of the meeting.

       Dunlop's oath of office
             -President's appreciation

       Importance of assignment
              -Phase III and Cost of Living Council [COLC]
              -Fight against inflation, taxes
                      -Dunlop’s gratitude for President’s support
                              -Fiscal restraint
                              -Cooperation of labor and management

       Dunlop's qualifications
             -Confidence
                      -Business
                      -Labor
                      -Phase II

       Dunlop's appreciation
             -Tough job
             -Shultz

       [General conversation]
              -Crawfish [?]
              -Stein

       [Photograph session]

       [General conversation]
                                            -41-

                     NIXON PRESIDENTIAL LIBRARY AND MUSEUM

                                      (rev. Mar.-09)
                                                            Conversation No. 852-14 (cont’d)

               -Congratulations
                     -Ehrlichman
               -Tough job
               -Opportunity

Dunlop, et al., left at 3:15 pm.

Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

That I will well and faithfully discharge.

It's a very important assignment.

And I know that she is now the official chair of phase three.

And we'll ask the customary council to send something to express how much is going to be back.

And whether or not the phase three is going to be good.

I want to say that we've got to cut a lot, but we're just getting there.

Thank you, Mr. President, for that kind of impact.

I knew it was a sound fiscal restraint, hard work on food prices, and the kind of cooperation from labor and management that we're getting, that we can have a really effective restraint on it.

Yes, yes.

And I think we're all going to cooperate, whether we like it or not.

Well, I think one of the most encouraging things about your appointment is that you have support from the citizens community and the labor community.

And the responsibility of the major businesses of concerns in this country were engaged, too, and of the major labor organizations, too.

Thank you very much.

Thank you.

Yeah.

Thank you.

George, good to see you.

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