476–11

Conversation No. 476-11

Date: April 9, 1971
Time: 10:33 am - 11:05 am
Location: Oval Office

The President met with Paul W. McCracken

Greetings

President’s speech on Southeast Asia, April 7, 1971
-Kevin Taylor
-Lyndon B. Johnson
-Posthumous awards
-East Room
-Ceremony with Sergeant Karl Taylor family
-Kevin Taylor
-Brother Karl (“Skipper”) Taylor, Jr.
-”Skipper”
-Sergeant K. Taylor
-Shirley Taylor
-Television appearance
-Support for President
-Sons to Annapolis

McCracken’s role and plans
-University of Michigan
-Personal considerations
-Change in position
-Analogy
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Vietnam
-Cambodia and Laos

Economy
-Policies
-Prospects
-Vietnam
-McCracken’s possible departure
-Possible interpretations
-Change in economic plan
-Need for steadfastness
-Future re-evaluation
-Wrong signal
-President’s conversation with Arthur F. Burns
-Confidence
-Unemployment
-Figures
-Consumer spending
-Optimism
-Michigan
-New York department store sales
-Apparel
-Home furnishings
-Automobiles
-Leadership
-Changes
-McCracken
-John B. Connally
-James D. Hodgson
-Maurice H. Stans
-Need for unity
-Washington Post story, April 9, 1971
-McCracken’s possible resignation
-Administration’s economic policy
-McCracken’s plans
-University
-Need for steadfastness
-Possible response to stories
-Administration’s economic policy
-Labor
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Stock market
-Rise
-Gold
-Speculation
-Margin
-McCracken’s possible resignation
-Ronald L. Ziegler
-Plans Conv. No. 476-11 (cont.)
-Council of Economic Advisers [CEA]
-Present composition
-Replacement for Hendrik S. Houthakker
-Dr. James R. Schlesinger
-Schlesinger
-Confirmation by Congress
-Ezra Solomon
-George P. Shultz
-George J. Stigler
-Solomon
-Reputation
-California
-West
-Schlesinger
-Solomon
-Schlesinger
-Congress
-Carl B. Albert
-Staffing for CEA
-Schlesinger
-Solomon
-Background
-Western focus, California
-Stanford University
-Heritage
-Liberia
-[Samuel Z. Westerfield, Jr.]
-Instructions to Solomon
-Possible appointment
-Qualifications
-International economics

Peter G. Peterson
-Briefing at Council of International Economic Policy [CIEP]
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NIXON PRESIDENTIAL MATERIALS STAFF

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-President’s conversation with Shultz
-Manner of presentation
-Need for expressions of opinions
-Pace
-Scope
-Possible briefing to Congressional leadership

International balance of payments Conv. No. 476-11 (cont.)
-Complexity
-US policy

CEA
-Solomon’s possible appointment
-Background
-President’s first choice
-Possible meeting with President
-Age

Economy
-California
-Unemployment
-Pacific Northwest
-Southern California
-Growth
-Unemployment
-Population
-Work force
-California
-Task force
-Tax incentives for research and development
-Possibilities
-Wilbur D. Mills
-Tax reform
-Scientists and engineers
-Executive Order
-Tax bill
-Mills
-Unemployment
-Significance
-Recent rates
-Type
-Teenagers
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
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-Average worker
-Condition
-General state of economy
-Temporary unemployment

McCracken’s meetings with businessmen
-Nathan Cummings
-Background Conv. No. 476-11 (cont.)
-Support for President
-Arts committee position
-List of names
-President’s meeting with Leonard Garment
-Ted Cummings
-Art collection
-Labor costs
-Attitude of business community
-Pollution
-Equal Employment Opportunity Commission [EEOC]
-Gavin McVay [sp?]
-Henry Crown
-Pollution
-Anti-trust
-EEOC
-EEOC
-Letter [Vicente T. Ximenes to McCracken, April 15, 1971]
-Minorities
-Ximenes
-Environmentalists
-Peter M. Flanigan
-Connally
-McCracken
-Flanigan
-Charles W. Colson
-Stans
-Task force
-Flanigan, Connally, and Stans
-Colson
-Responsibilities
-President’s support for business community
-Edmund S. Muskie
-Edward M. (“Ted”) Kennedy
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Anti-trust
-Richard W. McLaren
-John D. deButts
-American Telephone & Telegraph [AT&T]
-Blacks

[The President talked with the White House operator at an unknown time between 10:33 am and
11:01 am] Conv. No. 476-11 (cont.)

[Conversation No. 476-11A]

[See Conversation No. 1-58]

[End of telephone conversation]

Future press briefing for Ziegler

Economy
-Prospects
-Retail sales
-Rise
-Spring

[The President talked with Ziegler between 11:01 am and 11:02 am]

[Conversation No. 476-11B]

[See Conversation No. 1-59]

[End of telephone conversation]

Ziegler

Steven Parker
-Speech writing
-Michigan

McCracken left at 11:05 am
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)