Secret White House Tapes

39–141

About this recording

39–141
  • White House operator
  • President Richard M. Nixon
  • John B. Connally
June 7, 1973
Conversation No. 39-141

Date: June 7, 1973
Time: 7:33 pm - 7:41 pm
Location: White House Telephone

The White House operator talked with the President.

Incoming telephone call

The President talked with John B. Connally.

Connally’s schedule

National economy

-Wholesale Price Index

-Increase

-Need for action

-Telephone calls to George P. Shultz

-Labor, industry opposition to wage and price freeze
-Price freeze
-Wholesale Price Index
-115-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. February-2011)

Conversation No. 39-141 (cont’d)

-Industrial commodities compared with food

-Food

-Compared with Phase II price controls

-60-day freeze

-Congressional legislation
-Phase II price controls

-Exceptions

-Compared to Phase III

-Inflation
-Connally’s prediction
-President’s support
-Need for action
-Tax surcharge
-Exemptions
-Effect
-Consumer credit
-Inflation
-Effects on production

-Chemical industry

-Paper mills

-Newspaper supply
-Rationing
-West Coast
-Need for comprehensive action
-Connally’s assessment
-Congressional legislation
-Labor opposition
-Wage freeze
-Controls
-Profits
-Prices
-Freeze
-Increases
-Ceiling
-Compared to wages
-Impact
-Cost of Living Council [COLC]
-Connally’s role
-116-


NIXON PRESIDENTIAL LIBRARY AND MUSEUM


Tape Subject Log

(rev. February-2011)

Conversation No. 39-141 (cont’d)

-Meeting with Shultz, Peter J. Brennan
-Deliverables
-Price freeze
-Free market competition
-COLC meetings
-President’s forthcoming speech on national economy
-Need for action
-Price freeze
-Roy L. Ash’s viewpoint

-Shultz’s support

-60-day freeze


President’s schedule

-Trip to Key Biscayne
Secret White House Tapes |

39–141

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