483–16

Conversation No. 483-16

Date: April 20, 1971
Time: 3:06 pm - 3:34 pm
Location: Oval Office

The President met with George P. Shultz.

Schedule
-John B. Connally

Removal of Donald E. McLarnan
-H.R. (“Bob”) Haldeman
-Republican
-Competence
-Replacement
-Career status
-Possible appeal
-Ronald W. Reagan
-Loyalty
-Charles W. Yost
-Vita
 46

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



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

BEGIN WITHDRAWN ITEM NO. 1
[Privacy]
[Duration: 40s ]


END WITHDRAWN ITEM NO. 1 Conv. No. 483-16 (cont.)

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


-Acquaintance of President
-Competence

Social Security taxes
-Issue
-Budget
-Wage base
-Social Security bill
-Wage base
-Date
-Increase in wage base
-President’s statemnet on signing bill increasing social security benefits, March
17, 1971
-Impact
-Maximum
-Deduction
-H.R. 1
-Alternatives
-Committee's intent
-Alternatives
-Raise of wage base
-Impact
-1972 budget
-Revenue
-Further increase of wage base
-Impact
-Tax deductions
-Income
-Problem
-Opinions
 47

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Herbert Stein
-Murray L. Weidenbaum
-Shultz
-Connally
-Paul W. McCracken
-Connally
-Inflation
-Budget Conv. No. 483-16 (cont.)
-Stein
-McCracken
-Shultz's conversation with Arthur F. Burns
-Budget deficits
-Wage-price board
-Fiscal stimulus
-Monetary policy
-Tight
-Economy
-Economy
-Consumer confidence
-Possible administration policy
-Social Security bill
-President's position
-Burns
-Expanding economy versus fighting inflation

Budget
-Fiscal Year [FY] l972/1973
-Deficit

Economy
-Prospects
-Federal Reserve Board [FRB] policy
-Burns
-Dollar
-Administration's policy
-Inflation

Meetings
-Administration's position
-Wage and Means Committee
-FY 1973
-Revenue
 48

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Congress

Shultz's upcoming talk at Chicago Economic Club, April 22, 1971
-President's possible comments
-Black tie
-Schedule
-Economic conditions
-Slow down Conv. No. 483-16 (cont.)
-Future perspective
-Compared with 1954, 1958
-Recession
-Pessimism
-Stock market
-Youth
-Lack of interest in materialism
-Avant-garde
-Materialism
-Cars
-Radios
-Liberals
-Unemployment
-Wages
-Autos
-Steel negotiations
-Administration's possible position
-Prospects
-Price increases
-Impact on US economy
-Steel industry
-Importance
-Watershed
-Dangers
-Administration's concern
-Productivity
-Wage increase
-United Steelworker of America [USWA]
-Clint Hildon [sp?] and Joe Scammon
-Rhetoric
-Speech
-Trade
-US representatives abroad
-Economic personnel
 49

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-American private enterprise
-President's travels abroad
-Peter G. Peterson
-Council on International Economic Policy [CIEP]
-US economic representatives abroad
-Compared with other countries
-Quality
-US business abroad Conv. No. 483-16 (cont.)

Economy
-Wall Street
-Confidence

Stephen B. Bull entered at an unknown time after 3:06 pm.

President’s schedule
-Unknown apointment

Bull left at an unknown time before 3:34 pm.

-View from Washington/New York
-Tone of rhetoric
-Consumer psychology
-Change
-Improvement
-Budget
-Monetary policy
-Football analogy
-Administration policy
-President's meeting with US Jaycees

Bull entered at an unknown time after 3:06 pm.

President’s schedule
-Meeting with Clifford M. Hardin

Bull left at an unknown time before 3:34 pm.

Shultz's upcoming talk at Chicago economic club
-Unemployment
-Economy
 50

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



Bull entered at 3:34 pm.

Schedule
-Press corps
Bull left at 3:34 pm.

Shultz's upcoming talk at Chicago economic club
-Unemployment Conv. No. 483-16 (cont.)
-Raymond K. Price, Jr.

Shultz left at 3:34 pm.