Nixon White House Tapes › Topic
Nixon Tapes on Economic indicators
15 conversations · frequently with Nixon, Colson, Shultz, Buchanan
President Nixon directed Patrick Buchanan to compile specific, compelling data points to bolster the administration's messaging on key domestic issues. The President requested dramatic statistics regarding the growth of minority-owned enterprises and the competitive standing of the American steel industry. Furthermore, he tasked Buchanan with consulting George Shultz and Paul McCracken to identify strong economic indicators, such as retail and automobile sales, housing starts, and record-breaking stock market performance, to project a narrative of upward economic momentum.
President Nixon and Charles Colson discussed recent positive economic indicators, including stock market growth and a favorable Gross National Product increase, as a means to boost public confidence. The conversation then shifted to managing political opposition regarding the Vietnam War, with Nixon instructing Colson to pressure congressional "doves" and specifically requesting that Senator Edward Brooke hold off on public criticism for 30 days. Nixon planned to offer Brooke a private briefing on May 15, 1971, to secure this short-term cooperation while downplaying the administration's recent overtures toward the People's Republic of China as a concern to his political rivals.
President Nixon and John Ehrlichman met to review talking points prepared by Patrick Buchanan for the President's upcoming address to the American Society of Newspaper Editors. The discussion focused on justifying the necessity of government surveillance for security purposes—citing threats to public officials and recent media coverage of White House cameras—and refining economic messaging to better highlight positive indicators like retail sales. Nixon directed Ehrlichman to coordinate with George Shultz and Paul McCracken to ensure the presentation of economic data utilized specific, impactful examples rather than generalized statistics.
President Nixon and Patrick J. Buchanan coordinate the collection of favorable economic data to highlight a positive turnaround in the economy during March 1971. The President emphasizes the need to isolate March statistics—such as retail sales, housing starts, and automobile production—from the broader, more moderate first-quarter figures to demonstrate upward momentum. Buchanan is tasked with delivering these reports to the President, along with a newspaper column by James J. Kilpatrick, Jr., which Nixon’s daughter, Julie, had recommended.
President Nixon met with Patrick Buchanan to strategize on how to frame recent economic indicators to emphasize a positive turnaround in the economy during the month of March. Nixon specifically directed Buchanan to isolate March data to demonstrate growth in retail sales and demand, countering negative media narratives focused on sluggish industrial production. Additionally, the two briefly touched upon a recent positive column by James J. Kilpatrick that had been recommended to the President by his daughter, Julie.
President Nixon consulted with his aide Manolo Sanchez regarding the strategic significance of retail sales data. The brief exchange highlights the President's focus on economic indicators as a priority for his administration. No major policy shifts resulted from the call, though it emphasizes the President's direct involvement in monitoring economic trends.
President Nixon and George Shultz met to review favorable Consumer Price Index (CPI) figures for March, which indicated inflation was slowing to its lowest quarterly rate since 1967. They analyzed the positive economic data, noting it was significantly lower than the previous year's performance. The President decided to have Paul McCracken handle the public briefing on these results to maintain a professional, low-profile presentation of the improved economic indicators.
President Nixon and H.R. Haldeman met to discuss a range of administrative and political concerns, including personnel vetting for appointments and the management of media relations. They touched upon strategic matters regarding Vietnam withdrawal rates and the handling of anti-war protests and civil unrest. Additionally, they analyzed the importance of economic psychology, focusing on how stock market performance influences consumer confidence and investment behavior.
President Nixon and H. R. Haldeman met to review the President's upcoming schedule, including various appointments and the preparation for a press conference. The discussion focused heavily on the political risks posed by unfavorable economic indicators, specifically rising unemployment figures and the wholesale price index. They strategized on how to manage media narratives surrounding these economic reports and potential legislative vetoes to minimize negative press coverage.
President Nixon and George Shultz discuss the administration's messaging strategy regarding the national economy, specifically focusing on how to address negative press coverage and public perception of indicators like unemployment, inflation, and housing. They analyze the political implications of recent economic data presented in weekly news magazines and assess how the President should frame these issues during his upcoming public appearances. The conversation emphasizes a need for the administration to maintain a unified and fixed narrative to counter critical media reports.
President Nixon and Charles W. Colson met to discuss political strategy regarding economic data and the legislative agenda. Nixon directed Colson to pressure Congress to pass revenue sharing, welfare reform, and his economic program, insisting that lawmakers should not adjourn for the holiday until these measures were completed. The conversation also touched upon the reliability of economic indicators, with both men agreeing that the administration should not be overly reactive to fluctuating monthly employment and CPI figures.
President Nixon and Charles Colson discussed the Pay Board's recent, unexpected vote regarding wage contract regulations and the potential for labor unrest. While the Board approved a 5.5 percent wage increase guideline, the members' decision to reject certain retroactive pay provisions created complications that Nixon, Colson, and George Shultz aimed to address through regulatory maneuvering. Colson briefed the President on the political landscape, including favorable economic indicators and his recent discussions regarding Democratic Party demoralization heading into the 1972 election.
President Nixon and Charles Colson discuss plans to force the removal of a controversial 'check-off' provision from a pending tax bill by threatening a presidential veto. The President instructs Clark MacGregor to publicize this veto threat to shift responsibility onto Democrats and pressure them to adjust the legislation. The conversation also touches on the potential long-term political ramifications of the provision, the strength of the national economy, and strategies to influence legislative support.
President Nixon calls George Shultz to commend his performance on 'Face the Nation,' particularly his confrontation with journalist Daniel Schorr. The two discuss positive economic trends, specifically a drop in insured unemployment, while expressing skepticism regarding the reliability of volatile monthly economic statistics. Nixon also mentions his plan to send a firm note to Federal Reserve Chairman Arthur Burns concerning the money supply and praises the recent appointment of Marina von N. Whitman to the Council of Economic Advisers.
President Nixon met with his economic advisors, including George P. Shultz, Arthur F. Burns, Caspar Weinberger, and Herbert Stein, to review the status of the U.S. economy, specifically focusing on inflation, unemployment rates, and price stability. The discussion covered the political implications of economic indicators ahead of the 1972 election, particularly regarding potential campaign issues against George McGovern, and touched upon international currency problems and foreign policy matters involving Latin America. The group debated the efficacy of various economic interventions, including wage and price controls and potential actions to address rising meat prices, while weighing the impact of these policies on business and public perception.