739–6

Conversation No. 739-6

Date: June 21, 1972
Time: 10:40 am - 12:30 pm
Location: Oval Office

The President met with George P. Shultz, Arthur F. Burns, Caspar W. Weinberger, and Herbert
Stein.

[Members of the press were present at the beginning of the meeting]

Greetings

Arrangement for photograph

Alexander M. Haig, Jr.'s office

Haig
-Instructions from the President
-John B. Connally's conversations
-Brazil, Argentina, Peru, Venezuela
-Emilio Garrastazu Medici

National economy


Edward R. G. Heath
-House of Commons
-Currency problems
-Burns’s view
-Anthony P. L. Barber

The President talked with John J. Rooney between 10:44 and 10:45 am.

[Conversation No. 739-6A]

[See Conversation No. 25-100; one item has been withdrawn]

[End of telephone conversation]

Heath
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)



US economy
-Status
-George Meany's visit
-Previous visit to Great Britain
-Heath
-National economy
-Economic indicators
-Stein’s report
-Gross National Product [GNP]
-Rate of expansion
-Effect on unemployment in 1972
-Consumer Price Index [CPI]
-Food
-Used cars
-Beef prices
-Cattle prices
-Labor
-Unemployment
-Administration policy
-Effect
-The President's experience in 1960
-Food prices
-Leasing bill
-Construction of government buildings
-Private companies
-General Services Administration [GSA]
-Wall Street Journal article
-Military
-Vietnam
-Troop withdrawal
-Procurement
-Retirements
-Lay-off rate
-Teenagers, part-time workers
-Manpower funding through September 1972
-Employment without inflation or war
-Real spendable weekly earnings
-Rate of increase per year
-1960-1970
-Current
-Effects of the President's economic policy
-Hourly rate increases
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)


-The President's economic policy
-Restraint on prices
-Weinberger’s speeches
-Structure of unemployment
-Income levels
-Effect
-Business leaders
-Peter M. Flanigan
-Effect of George S. McGovern's program
-Business leaders
-Taxes
-Inflation
-Increasing price of wheat
-Wage guidelines
-Effect on profits
-Burns’s view
-Consumer prices
-Profit margins
-Effect on economic recovery
-Burns’s view
-C. Jackson Grayson, Jr.
-Freeze on meat prices
-Timing
-Hog market's cycle
-Burns’s view
-Import quotas
-Shultz’s view
-State Department
-Wholesale prices in US
-Weinberger’s view
-Quotas
-Textiles and oil
-Iraq and Alaska
-State Department
-Price freezes
-Statistics
-Chain stores
-Connally
-Winn-Dixie grocery store
-Food distribution
-McGovern’s plan
-Anti-trust action
-Instructions for Burns
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)


-John N. Mitchell
-Charles W. Colson
-Quotas
-Meat prices
-Possible administration action
-Retail chain stores
-Military stockpile
-Rises
-Stein’s view
-CPI
-Marina von N. Whitman
-Briefing
-Chain store margins
-Instructions for Burns
-Mitchell
-Memorandum for the President
-Price freeze
-Profit margins
-Shultz’s view
-Business leaders’ possible reaction
-Price freeze
-The President’s view
-Environment
-Legislative action
-Higher education bill
-Clean Water bill
-Child care bill
-Rural affairs bill
-Administration actions
-Meany
-Colson
-Louis P. Harris
-Foreign policy
-Domestic policy
-Connally
-Business
-Environment
-Environmental Protection Agency [EPA]
-Tax reform
-Anti-trust efforts
-Quotas
-Meatpackers
-Cattle growers
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)


-McGovern’s policies
-Effects of price freeze on economic growth
-Political contributions
-Administration's actions in fighting Congressional
legislation
-Removal of controls
-Staff views
-The President's schedule
-H.R. Haldeman
-California
-Time and location of next Quadriad meeting
-Camp David
-Laurel Cabin
-Colson, John D. Ehrlichman


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BEGIN WITHDRAWN ITEM NO. 2
[Personal returnable]
[Duration: 8m 16s ]


END WITHDRAWN ITEM NO. 2

*****************************************************************


The President's schedule
-Nelson A. Rockefeller
-Photograph opportunity
-John A. Volpe

An unknown woman entered at an unknown time after 10:45 am.

-Rockefeller’s arrival

The unknown women left at 11:56 am.

Stein and Weinberger left at 11:56 am.

Burns's schedule
-Meetings during forthcoming foreign trip
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)


-Finance ministers
-Central bankers
-Haig
-Medici, Juan Velasco Alvarado, Venezuela
-Background notes from Connally's trip
-Henry A. Kissinger
-Instructions from the President
-Velasco
-Public aid
-Medici
-The President's conversation with Luis Echeverria Alvarez
-Private capital
-Example of Chile
-Requirements
-Competition from other areas of the world
-Southeast Asia
-Indonesia
-Latin America
-The President’s view
-Need for stability
-Economic policy
-Brazil
-Medici
-Government
-Argentina
-Peru
-Venezuela
-Marcos Perez-Jimenez
-Iraq
-Need for stability
-Chile
-State Department
-Protectionism in US
-Congress
-The President
-Trade preferences
-Connally's trip
-Latin Americans
-The President’s view
-Argentina
-Juan Domingo Peron
-Pre-World War II economic strength
-Italy
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)


-Czechoslovakia
-Peron
-Economic strength
-Racial mix
-Allejandro A. Lanusse
-Vernon A. Walters
-Meeting with Burns
-Experience
-Dwight D. Eisenhower Administration
-Translation


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BEGIN WITHDRAWN ITEM NO. 3
[National Security]
[Duration: 26s ]

BRAZIL


END WITHDRAWN ITEM NO. 3

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-Medici
-The President’s view
-Argentina
-Meat exports
-Capabilities
-Meat quotas
-Burns’s discussions with Argentinians
-Compared to Uruguay
-Kissinger
-Administration policy

Jewish people
-Support for Republicans
-Burns’s view
-McGovern
-Israel
-Israel
-Administration policy
 17

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)


-The President’s actions
-Burns’s statements
-Jewish emigration from Soviet Union
-Importance to Jews
-William P. Rogers
-The President's discussions with Leonid I. Brezhnev
-Burns’s statements
-McGovern's defense program
-Effect on Israel
-Effect on foreign policy
-John Foster Dulles
-Eisenhower
-Korea
-Balance of military power
-Importance of arms negotiations
-Compared with the President’s policy
-Effect on Israel
-Yithak Rabin
-US liberals
-Support for Republicans
-Spiro T. Agnew
-The President’s policy
-Israel
-Phantom fighter jets
-Soviet Union intervention
-Surface-to-air missile [SAM] sites
-United Arab Republic [UAR]
-Importance of US President
-Nixon compared with McGovern
-Brezhnev
-The President’s view
-Israel
-Soviet Union
-Comparison to mining of Haiphong harbor
-Burns’s statements
-Israel
-Soviet Union
-Vietnam
-Catholic issue
-John F. Kennedy


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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)



BEGIN WITHDRAWN ITEM NO. 4
[Personal returnable]
[Duration: 2m 7s ]


END WITHDRAWN ITEM NO. 4

*****************************************************************


The President talked with the White House operator at an unknown time between 12:26 and
12:28 pm.

[Conversation No. 739-6B]

[See Conversation No. 25-101]

[End of telephone conversation]

US foreign policy
-Effect of world situation
-Great Britain
-France
-Winston S. Churchill
-US role in World

The President talked with Walters between 12:28 and 12:29 pm.

[Conversation No. 739-6C]

[See Conversation No. 25-102]

[End of telephone conversation]

Walters
-Linguistic ability
-Translation in Eisenhower Administration

President's schedule

Burns and Shultz left at 12:30 pm.
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Feb-02)