624–13

Conversation No. 624-13

Date: November 24, 1971
Time: 10:01 am - 11:40 am
Location: Oval Office

The President met with John B. Connally, John D. Ehrlichman and George P. Shultz.
[The recording begins at an unknown time while the meeting is in progress]

National economy
-Unknown man's report
-Phase II
-Revenue-sharing
-Polls
-Taxing and spending

Council of Economic Advisors [CEA]
-Herbert Stein's role
-Announcement
 18

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Paul W. McCracken
-Shultz
-Spokesman
-Arthur F. Burns
-Connally and Shultz
-International monetary situation
-Henry A. Kissinger, Connally and Shultz
-The President’s view

Fiscal Year 1973 budget
-Value Added Tax [VAT]
-The President's schedule
-Forthcoming meeting
-Connally
-Tax credits for parochial schools
-Revenue sharing
-Deficit
-Effect on national economy
-Political effect
-Rhetoric
-VAT
-Balanced budget
-Possible congressional action
-VAT
-Domestic Council poll
-Taxes
-Spending
-National defense
-Balanced budget
-Inflation
-VAT
-Property taxes
-Balanced budget
-Poll
-National defense
-Balanced budget
-Fiscal Year 1972 budget
-Outlays
-Revenue sharing
-Revenue estimate
-Congress
 19

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Deficit
-Possible congressional action
-Balance
-National defense
-Shultz's consultation with Kissinger
-Previous meeting with the President
-Increase
-Uncontrollable items
-Fiscal Years 1972 and 1974
-Revenue sharing
-House Resolution [HR] 1

An unknown man entered at an unknown time after 10:01 am.

Phone
-Request to hold calls

The unknown man left at an unknown time before 11:36 am.

Fiscal Year 1973 budget
-Deficit
-Tax yield
-Fiscal Year 1972
-Revenue
-Possible congressional action
-Connally and Caspar W. (“Cap”) Weinberger
-Deficit
-Compared with Fiscal Year 1972 budget
-Supplemental request
-Space program

Connally's schedule
-Forthcoming meeting with the President
-[Unintelligible] judge
-Rolf Pauls

An unknown man entered at an unknown time after 10:01 am.

The President's schedule
-Departure for California
-Connally
 20

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Stephen B. Bull
-Thelma C. (“Pat”) Nixon

The unknown man left at an unknown time before 11:36 am.

Connally's schedule
[Unintelligible] judge

Fiscal Year 1973 budget
-Federal expenditures
-Effects
-Democrats
-Balance
-Revenue sharing
-Possible congressional action
-Fiscal Year 1972 budget
-Effect
-Balance
-Changes
-Effect
-Congressional spending
-Pending tax bill
-The President’s view
-Child development
-Effect on business community
-Burns
-Full employment
-Narcotics task force
-Research and development
-Politics
-Polls
-National malaise
-Elmo Roper
-Public associates
-National goals
-National growth policy
-New cities
-Economic development of Mid-West
-Education
-Job training
-Revolving fund
 21

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Funding comparison to the Inter-American Development Bank and World
Bank
-Environment
-Edmund S. Muskie's water quality bill
-Ehrlichman’s view
-Possible veto
-Politics
-Waste treatment
-The President’s view
-Poll
-White House formulation of questions asked
-Water quality bill
-Possible veto
-Editorial support
-Research and development
-National growth policy
-Population shift to Mid-West
-Jobs
-Organizational structure
-New cities
-Prospects of success
-Shultz, Peter G. Peterson and Peter M. Flanigan
-Bureaucracy's views
-Jeb Stuart Magruder
-Ailing industries
-Aerospace, airlines and railroads
-Government reorganization
-International competition
-Ailing industries
-Possible subsidy
-International competition
-Tax laws, research and development and career education
-Federal management of Office of Science and Technology [OST]
-Changes in bureaucracy
-Science Advisor
-Office of Management and Budget [OMB]
-Possible projects
-National Aeronautics and Space Administration [NASA]
-Ehlrichman’s view
-OMB
-OST
 22

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-The President’s view
-Richard P. Feynman
-Albert Einstein and Franklin D. Roosevelt
-Atomic bomb
-Lobbying
-Executive Office of the President [EOP]
-Personnel
-Atomic Energy Commission [AEC]
-James R. Schlesinger
-National Bureau of Standards [NBS]
-Narcotics task force
-Treasury Department
-Eugene T. Rossides and Martin R. Pollner
-John N. Mitchell
-Street pushers
-Myles J. Ambrose
-Politics
-Bureaucratic struggle
-Drug Enforcement Agency [DEA], Bureau of Customs
-Connally’s view
-Ambrose and Rossides
-Connally’s view
-John E. (“Jack”) Ingersoll
-The President’s view
-Connally's meeting with Mitchell
-Bureaucratic struggle
-DEA and Bureau of Customs
-Politics
-Revenue sharing
-Welfare reform
-Space program
-Two launches
-17,500 employees
-Timing
-1972 election
-The President’s view
-Jobs
-Space shuttle
-Launches
-The President’s view
-Amchitka
 23

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Political risk
-1972 election
-Apollo 13
-Timing of next launch
-Ongoing programs
-Space shuttle
-Jobs in California
-Ronald W. Reagan
-Speed of development
-Political support
-Compared with agriculture issues
-The President’s view
-Space shuttle
-Skylab
-Future projects
-Manned compared to unmanned craft
-Other satellites
-Rapid mass transit
-Caspar W. (“Cap”) Weinberger's views
-John A. Volpe
-Emphasis
-Connally’s view
-Publicity
-Political value
-Volpe
-Effect on cities
-Community development
-Jobs
-Subway system
-Political value
-Volpe's activities
-International treaties
-Northeast corridor
-San Francisco-San Diego-Los Angeles corridor
-Mid-West
-Publicity
-Agriculture
-Earl L. Butz
-Commitments to farm organizations
-Edwin L. Harper's conversation with Ehrlichman
-Corn and wheat price support
 24

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Corn blight in 1972
-Stockpiles
-Sales
-Mental health
-The President's previous meeting
-Community mental health centers
-Elliot L. Richardson
-Lyndon B. Johnson
-The President’s view
-Community assistance
-Model cities
-George W. Romney
-Revenue sharing
-National growth policy
-Purpose
-The President’s view
-Cosmetic improvements to slums
-Possible organized national effort
-Connally’s view
-Washington, DC program
-Walter E. Washington
-Trash collection
-National guard
-Miami housing project
-The President's previous visit
-Pruitt-Igoe (St. Louis housing project)
-Status
-Private ownership of public housing units
-Post Office
-Rate increase for magazines
-Reader's Digest
-Subsidy
-Rate increase for magazines
-The President’s view
-Congress
-Legal requirements
-Possible effect
-Hedley W. Donovan
-Aged
-Ehrlichman's forthcoming meeting with Arthur S. Flemming
-Views of Flemming and Richardson
 25

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Views of [Forename unknown] Burchang [sp?]
-Subsidy for prescription drugs
-Real estate taxes
-Interest groups
-Politics
-The President’s view
-Farmers and aged
-Blacks and Jews
-Aged
-Social Security increase
-Timing
-Possible use of vacant military bases
-Water projects in west
-Rogers C. B. Morton
-Federal employees' pay
-Possible amendment to Economic Stabilization Act
-Pay Board
-George H. Mahon's previous conversation with Shultz
-Phase II
-Increase
-Federal employees
-California and Texas compared with Washington, DC
-Increase
-Pay Board
-Labor unions
-VAT
-The President's schedule
-Forthcoming meeting
-Federal employees' pay
-Clark MacGregor's efforts
-Forthcoming announcement in California
-National security
-The President's schedule
-Shultz, Kissinger and Connally
-Ehrlichman
-Tax deduction for political campaigns
-Possible veto
-Congress's possible actions
-Possible effects
-Possible veto
-William E. Brock III
 26

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-13 (cont.)


-Hugh Scott
-Possible effect
-The President’s view
-Union contributions
-Founding Fathers' limitation on franchise
-Present situation
-Possible effect

Ehrlichman and Shultz left at 11:36 am.

The President's schedule
-Connally, Burns, Shultz and Kissinger

International monetary situation
-Burns's views
-Conversation with Connally
-Convertibility
-International Monetary Fund [IMF]
-Import surcharge

National economy
-Money supply
-Flanigan's efforts
-Connally's conversations
-Burns
-Flanigan
-Connally's conversation with Burns

The President's schedule
-Forthcoming meeting

Connally left at 11:40 am.