548–11

Conversation No. 548-11

Date: July 27, 1971
Time: 3:49 pm - 4:37 pm
Location: Oval Office

The President met with John D. Ehrlichman; the White House photographer was present at the
beginning of the meeting.

Forthcoming meeting

William M. Magruder entered at 3:50 pm.

Greetings

Supersonic Transport [SST]
-US position
-Comparison with previous attitude towards aviation research and development
-Other countries
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Tape Subject Log
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-US-Soviet Union space race
-Japan
-Federal Republic of Germany [FRG]
-Funding
-Timing of future efforts
-SST
-Concorde I
-High technology field Conv. No. 548-11 (cont.)
-Trade balance
-Other countries
-France
-Program
-Multi-national effort
-Aircraft
-US comparison
-Boeing, Lockheed, McDonnell-Douglas
-Subsidies
-Dassault Mercure
-Export market
-US high technology trade balance
-Past decade
-Concorde
-Dutch, Spanish, Swiss, Belgians, Italians, British, West Germans
-American industry
-L-1011
-Airbus
-Cyrus R. Smith, George [Surname unintelligible], Floyd D. Hall
-Lockheed, McDonnell-Douglas
-747 aircraft
-European action
-US aircraft needs
-Aviation executives
-Smith, Robert [Surname unintelligible]
-Government-industry relationship
-Industry, technology
-The Department of Defense
-Military needs
-B-52
-B-1, F-14
-Urban mass transit
-Boeing contracts
-Italy
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
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-Japan
-European perceptions
-US industry's attitude
-KLM
-Government-industry relationship
-Edward E. David, Jr., [Name unintelligible], Richard Cohen (?), [Forename
unknown] Thomas
-Changes Conv. No. 548-11 (cont.)
-Tax incentives
-Cost of development and production
-SST
-Coordination with the National Aeronautics and Space Administration
[NASA]
-Airbus
-Possible conversation with Peter G. Peterson, John B. Connally
-Balance of payments situation
-Budget meeting
-Research and development area
-Aviation expertise
-Sources
-NASA
-Problem in the space program
-Funding
-Congress
-National coordination of aviation and aerospace development
-Lockheed Corporation bailout
-Boeing, McDonnell-Douglas
-Spending priorities
-Social programs
-Airline management
-Transworld Airlines [TWA], Eastern Airlines
-Alan Cranston proposal
-KLM
-US national priorities
-Social programs
-William Proxmire
-Charles W. Colson’s project
-Funding effect on development
-Tax incentives
-Arthur F. Burns plan
-Anti-trust regulations
-Burns's plan
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
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-Loan support
-International focus
-Proxmire
-Department of Transportation [DOT]
-NASA
-SST development
-Timing
-Post-1972 election Conv. No. 548-11 (cont.)
-Eugene Black's report for President John F. Kennedy
-Black's possible role
-Nelson A. Rockefeller
-Henry A. Kissinger
-National priorities
-Environment
-SST
-Social programs
-Sources of funding
-Media coverage
-National Broadcasting Corporation [NBC]
-Dick Cavett
-New York Times
-SST development
-Connection to jobs creation
-George Meany, Peter J. Brennan, Frank S. Fitzsimmons, Leonard
Woodcock

Economy
-Environment compared with jobs argument
-International cooperation
-Handling of resources
-Compared with Japan
-Balance of payment situation
-International competition
-Europe, the Soviet Union, Japan, the People’s Republic of China [PRC]
-Changes
-Japanese competition
-Radio production
-US company
-Philco
-Japanese manufacture of goods for the US market
-Automobile industry
-Electronic and computer equipment
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
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-Computers
-Hong Kong
-Plant operation
-Airplane production
-McDonnell-Douglas
-DC-9
-Production of tail and wings in Canada
-Production of panel in Italy Conv. No. 548-11 (cont.)
-Lockheed
-Rolls-Royce engine
-DC-10 production by McDonnell-Douglas
-Worldwide manufacture
-L-1011
-Canadian market share of production
-Offset agreements
-Perception of possible development in high technology industry
-White House staff
-Ehrlichman
-Economists
-Paul W. McCracken, Connally's staff
-Milton Friedman
-Views
-Exports
-John Kenneth Galbraith
-Views
-Balance of payments
-International competition
-US State Department
-Harold S. Geneen
-Export tax advantage
-Notes for the President's Bohemian Grove appearance
-US competitive position in the world
-The President's Kansas City appearance, July 6, 1971
-Foreign trade practices
-Comparison with the US
-Subsidization
-Value Added Tax [VAT]
-Option

An unknown man [Stephen B. Bull?] entered at an unknown time after 3:49 pm.

Schedule
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
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-Barber

The unknown man [Bull?] left at an unknown time before 4:37 pm.

-US tax proposals
-Caspar W. (“Cap”) Weinberger
-Real estate tax
-Export subsidies Conv. No. 548-11 (cont.)
-VAT
-Jobs
-Property tax relief
-Federal tax increase
-”New NASA”
-Funding priorities
-George P. Shultz
-Office of Economic Opportunity [OEO]
-Effect of cutbacks
-Jobs impact
-Community level
-Veto
-Manpower special revenue sharing
-Community development revenue sharing
-ACTION, Peace Corps
-The President's earlier conversation with Otto E. Passman
-Foreign reaction to the Peace Corps
-Social programs
-Outlook
-Magruder's future role
-Financial rewards of public service
-Connally, Congress
-Presentation to high-level economic group
-Connally
-Friedman
-Shultz
-US competitive position in the world
-Toilet paper

The President, Ehrlichman and Magruder left at 4:37 pm.
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)