105–9

Conversation No. 105-9

Date: September 29, 1972
Time: Unknown between 9:19 am and 10:06 pm
Location: Cabinet Room

George P. Shultz met with Donald H. Rumsfeld, Earl L. Butz, Peter G. Peterson, James D.
Hodgson, George W. Romney, Caspar W. (“Cap”) Weinberger, General George A. Lincoln,
Herbert Stein, Virginia H. Knauer, Arthur F. Burns, John G. Veneman, Robert M. Ball, Johnnie
M. Walters, Arthur S. Flemming, Thomas B. Curtis, Edward Preston, Marina von N. Whitman,
James W. McLane, William Geimer, Richard B. Cheney, Bert M. Concklin, William Walker,
Marvin H. Kosters, Donald R. Murdoch, William I. Greener, Jr., and C. Robert Lane; the White
House photographer and members of the press were present at the beginning of the meeting

Cost of Living Council
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




The President entered at 11:03 am

Greeting

Photographs

[Unintelligible -- camera noise]

Speechmaking
-Shultz
-Butz

Agenda
-Rumsfeld
-Burns
-Price controls
-Foreign reaction
-Shultz
-American economy
-Europe
-Comments on the President’s speech
-Hobart Rowen
-Shultz’s speech

Social Security
-Rumsfeld
-Increases
-Rent control
-Curtis
-Rent Advisory Board
-Flemming
-Walters
-Residences of Social Security recipients
-Home ownership
-Renting
-Percentage of income for housing
-Northeast
-Cost of maintenance
-Tax assessments
-Rent increases
-Compared with Federal pay increases
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Concern with landlords’ and tenants’ rights and responsibilities
-Illegal rent increases
-Internal Revenue Service [IRS]
-Rent watch
-Rent sweep
-Mailings
-Publicity
-Cheney
-Statements by Rumsfeld, Flemming
-Press
-IRS
-Decontrol
-Four-family ownership
-Landlords
-Abuses
-Curtis
-Rent Advisory Board
-Tripartite Board
-Nursing home operators
-Shultz
-Directive
-Senior Citizens’ Group
-Talks by surrogates
-Ball
-Social Security Office
-Presidential Directive
-IRS
-Enforcement power
-Justice Department [DOJ]

Food
-Rumsfeld
-Inflation
-1972, 1973 figures
-Shultz
-Stein
-Kosters
-Assistant Director for Planning and Analysis, Cost of Living Council
[COLC]

Work stoppages
-Hodgson
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Strikes
-Numbers
-Man-days lost
-Length
-Industrial peace
-Wage and price controls
-Shultz

Production
-Burns
-Leaders
-Economic journals
-Great Britain
-Price and wage controls
-Labor relations
-Construction
-Burns
-Shultz
-Poll
-Harris
-Controls
-Guidelines
-Burns
-Competition

Labor relations
-Economic factors
-Wage settlements
-Inflations
-Labor market
-Construction
-Public sector
-Collective bargaining agreements
-Workers to be covered
-Effective wage changes
-Sectors
-First-year wage increases
-Construction
-Manufacturing
-Cost of living increases
-Inflation
-1973 situations
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Steel
-Rubber
-First-year wage increases
-Inflation
-Real wages
-Cost of living escalators
-Deferred increases
-1972
-Wage increases
-Construction
-Influence on other sectors
-Real wages
-Cost of living
-1973 prospects
-Wages
-Cost of living
-Real wage increases
-Presentation summarized

Food
-US Department of Agriculture [USDA]
-Data reports
-COLC action
-Retail prices
-Beef
-September vis-a-vis August figures
-Timing of reports
-Retail situation
-California
-Los Angeles area grocery stores
-Ralph’s Grocery Company
-Alpha Beta Markets, Inc.
-Rumsfeld’s actions
-Beef
-Long range
-Imports


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Beef imports
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



[To listen to the segment (2m1s) declassified on 02/28/2002, please refer to RC# E-600.]

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-Per capita consumption
-Increasing production
-Other crops
-Marginal cost areas
-Peterson
-Congress
-Future trends
-Farmers
-Pork production
-India
-Vegetarian cuisine
-Cattlemen
-Temporary quotas
-Shultz
-Stein
-Beef imports
-Quantities
-Secretary of Agriculture
-Knauer

US economy
-Economic factors
-Controls
-Wages
-US compared with other industrial nations
-Inflation
-Rate of growth
-Real wages
-Beef
-Unemployment
-US compared with other industrial nations
-Inflation
-Rate of growth
-Real wages
-Japan
-Germany
-Britain
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-France
-Performance of the COLC
-Economic factors
-Consumer Price Index [CPI]
-Wholesale Price Index [WPI]
-Unemployment figures
-Use of figures
-Repetition
-Approach prior to the election
-Full employment without war
-Vietnam
-Inflation
-Eisenhower administration

Public Broadcasting System
-Sander Vanocur

The President left at 12:03 pm

COLC schedule
-Stein

Recording ends at an unknown time before 10:06 pm, while the conversation is in progress