772–12

Conversation No. 772-12

Date: September 7, 1972
 40

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

Time: 3:36 pm - 4:28 pm
Location: Oval Office

The President met with Robert P. Griffin, Mickey S. Lolich and Thomas C. Korologos.

[The White House photographer was present at the beginning of the meeting.]

Greetings

Introductions

Baseball
-Length of season
-Carl M. Yastrzemski
-Pitching by Lolich
-Average
-Swing
-Visit to White House
-Work with children
-Al Kaline
-Baltimore Orioles
-Victories

Presidential gifts
-Cufflinks
-Presidential seal
-Pin
-Presidential seal

Visit to the White House by Detroit Tigers baseball team
-Date
-Wives
-The President's visit with Lolich's wife
-World Series game
-Michigan

Presidential gifts
-Golf ball
-Kaline

Allen J. Ellender
 41

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)


Stephen B. Bull entered at an unknown time after 3:36 pm.

The President’ schedule
-Arthur F. Burns

Bull left at an unknown time before 3:42 pm.

Lolich's background
-Croatians
-The President's trip to Belgrade
-Lolich's father
-Lolich on a motorcycle

Burns and George P. Shultz entered at an unknown time after 3:36 pm.

Introductions
-Money

Economic condition
-Percent
-Baseplayers' salaries
-Wage and price freeze

Griffin, Lolich and Korologos left at 3:42 pm.

Shultz's introduction to Lolich
-H.R. (“Bob”) Haldeman
-Winning game
-Number

The President’s schedule

Request for a photograph

Sanchez entered at an unknown time after 3:42 pm.

Refreshments

Sanchez left at an unknown time before 4:28 pm.
 42

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

Economic policy
-Spending ceiling
-The President's possible conversation with Wilbur D. Mills
-Burns's analysis
-Mills's support for the President
-Support of US
-The President's possible conversation with Mills
-Political situation
-Debt ceiling bill
-Shultz's meetings with George H. Mahon and Mills
-Senate
-Debt ceiling bill
-$200 billion ceiling
-Mahon's analysis
-Effect on programs
-The President's analysis
-Possible impoundment
-Effect on Congress
-Debt ceiling hearings
-Amount of money
-Estimate of debts
-Shultz’s view
-Time duration
-Burns
-Mills's view
-Domestic financial markets
-International financial markets
-International Monetary Fund [IMF] meetings
-The President's appearance
-Statement
-Herbert Stein's preparation
-The President's knowledge of subject
-Prepared notes by Treasury staff
-The President's statement
-Idea of selling the President's proposal to press
-Edward Dale
-Wall Street Journal
-Election year
-The President as target by critics
-Shultz's speech compared with the President's speech
-Content
 43

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)


US international economic policies
-Shultz and Burns proposal
-William P. Rogers
-Stein
-Rogers
-US proposals
-Effect on foreign markets
-Burns’s analysis
-Relationship between US and foreign economic markets
-Japan
-Kakuei Tanaka
-Relationship with US
-US 1972 election
-Effect
-Burns’s possible visit to Japan
-Effect
-Hawaii
-Relationship with Europe
-Henry A. Kissinger’s office
-Tanaka
-Background
-Knowledge
-US relationship with various foreign countries
-Europe
-Japan
-Canada
-Trip to Latin America by Burns
-Mexico
-Brazil
-Argentina
-Latin America
-Invitation of governors of central bank of foreign countries
-Brazil
-Argentina
-Colombia
-Venezuela
-Peru
-Columbia
-Mexico
-Trip by Burns
 44

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

-Trip to Mexico City by Burns
-Date
-The President’s view
-Chile
-Social invitation
-Burns
-Foreign diplomats and ambassadors
-Financing of luncheon
-State Department
-Diplomacy
-Great Britain
-Latin America
-Report by Burns
-Trip
-Argentina
-Gen. Juan Domingo Peron
-Relationship with US
-Financial organization
-Governor of Central bank
-Credentials
-Burns’s view
-Burns’s conversation with economic advisors
-Brazil
-Peru
-Brazil
-Burns’s view
-Capitalism
-Type of government
-Expropriation
-The President’s view
-Honduras
-Peru
-Argentina
-Burns’s view
-State Department
-Radicals in foreign countries
-Chile
-Relationship with Brazil
-Latin America
-The President’s view
-Uruguay
 45

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

-Autocratic governments
-Emilio Garrastazu Medici
-Conversation with Burns
-US press stories of countries in Latin America
-Criticism of governments by US press
-Political prisoners
-Political prisoners
-Chile
-Terrorism
-History
-The President’s view
-Medici
-Conversation with Burns
-American businessmen
-Burns
-Private enterprise and foreign investments
-Brazil
-The President’s view
-Type of country
-Secretary of Treasury
-Trips
-Europe

Israel
-Olympics raid in Munich

Stephen B. Bull entered at an unknown time after 3:42 pm.

The President’s schedule
-Forthcoming meeting with congressional leaders
-Photographer

Bull left at an unknown time before 4:28 pm.

Middle East
-Israel
-Burns’s view
-Possible retaliation
-Beirut
-Burns’s trips abroad
-Types of people
 46

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

-Israelis
-Arabs
-Murder of Israeli Athletes at Olympic Games in Munich
-Terrorists
-Lebanon
-Arabs
-US relationship
-Actions by Israel
-Need for negotiations
-Possible result of peace efforts
-US relationship
-1972 Presidential election
-Idea of progress in relationship and timing
-Kissinger
-US relationships
-Jordan, Lebanon, Iran and Saudi Arabia
-Soviet Union
-Relationship with Egypt, Syria, and Iraq
-Israel
-Relationship toward Soviet Union
-US–Soviet Union relationship
-US relationship
-Rogers
-Efforts by US towards Israel
-Kissinger
-1972 election

US economic policies
-Taxes
-1972 election
-McGovern
-Strategy
-Corporations
-Individuals
-Mills
-McGovern’s budget
-Tax proposals
-Burns’s view
-Type of plan
-Attack on the President
-Sales tax and value-added tax [VAT]
 47

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

-Burns’s view
-Political weights
-The President's position
-Increase of taxes
-Tax reform
-Minimum tax proposal
-Municipal securities
-Capital gains taxes
-Idea of satisfying sense of equity
-Idea of raising taxes
-Minimum tax proposal
-Shultz’s view
-Tax shelters
-McGovern
-Perception of current policy

John D. Ehrlichman entered at an unknown time after 4:07 pm.

-Tax reform program
-Ehrlichman's statements at press conference
-VAT
-Governors and mayors
-Advisory Committee on Intergovernmental Relations
[ACIR]
-Position on VAT
-Ehrlichman’s comments
-The President's administration
-Tax increase
-Tax substitution
-Tax Reform Act of 1969 and 1971
-The President's tax policies
-Poor
-Elderly people
-Reducing lower income brackets
-Taxes on corporations
-Equity
-ACIR
-Problems with study on VAT
-ACIR conclusions
-Sales tax or VAT
-Election year
 48

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

-McGovern's position
-Tax increases
-McGovern's policies
-Spending increases
-Programs
-Military budget
-Welfare program
-Other programs
-Results as a tax increase
-Question of who will be affected by a minimum tax
-Type of revenue
-Amount
-Burns’s view
-Tax shelter industry
-Individuals affected by tax increase
-Burns’s view
-Salaries of $50,000 or above
-The President's position
-Idea of politics
-Salaries of $15,000-25,000
-Public relations aspects
-1969 proposal
-Revisions
-Depletion allowances
-Tax preferences
-Tax laws
-Democratic Congress
-Raising taxes
-Current tax percentage
-People affected by tax increase
-Public relations
-Burns’s view
-Tax increases
-Administrations position
-McGovern’s view
-Tax reform compared with tax increase
-1972 Presidential campaign
-Ehrlichman's transcript of press briefing
-McGovern compared with Nixon position
-Tax increases
-Tax increases
 49

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. Oct-06)

-Individuals in high income brackets
-The President’s view
-1969 proposal to Congress
-Savings
-Additional spending
-Office of Economic Opportunity [OEO]
-Community action
-Relief on property taxes
-The President's position
-Tax reform compared with tax increase
-Tax increase
-People with mid-level income
-Tax decreases
-Property taxes
-Result of both positions
-Property tax
-Revenue sharing
-The President's previous conversation with Shultz
-IMF
-Meeting between the President, Shultz, Ehrlichman,
and Burns
-Political considerations
-Status quo
-Burns’s view
-Economic discussions
-Edwin S. Cohen
-Contributions to discussions
-Tax issue

The President's schedule
-Meeting with Senators
-Photographs
-Meeting between Shultz, Ehrlichman, and Burns
-Location
-Cabinet Room

Shultz, Burns, and Ehrlichman left at 4:28 pm.