“Cap the Knife”
Caspar W. Weinberger, the Reagan-era defense secretary who died March 28, 2006, got his start in the executive branch from President Richard M. Nixon. Nixon appointed him deputy director of the Office of Management and Budget in 1970. Weinberger became known as "Cap the Knife" for resisting requests for budget increases. During this June 8, 1971, Oval Office conversation, however, Nixon made it perfectly clear that Weinberger was to spend money on creating jobs and bringing down the unemployment rate from around 6.2 percent, regardless of the impact on inflation or the budget.
Date: Jun 08, 1971
Participants: Richard Nixon, Caspar Weinberger
Conversation Number: e514.7