491–28

Conversation No. 491-28

Date: May 5, 1971
Time: 11:40 am - 12:08 pm
Location: Oval Office

The President met with Paul W. McCracken, Ezra Solomon, and George P. Shultz; the White
House photographer and Stephen B. Bull were present at the beginning of the meeting.

Greetings

Bull left at 11:40 am.

Photo session
-Seating arrangements
-Weather

Solomon's appointment
-Announcement
-Timing
-Solomon’s schedule
-Stanford University
-Council of Economic Advisors [CEA]
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Economy
-Prospects
-Direction
-Confidence
-Unemployment
-Prices
-Mortgage rates
-Confidence Conv. No. 491-28 (cont.)
-Stock market
-Business planning
-Consumers
-Views
-Pierre Rinfret
-Views
-Paul A. Samuelson
-Congress
-Retail sales
-McCracken's conversation Harry B. Cunningham
-Chain stores
-Consumer sentiment
-Chain stores
-McCracken’s conversation with Cunningham
-Mail orders
-Shultz’s trip to Chicago
-Montgomery Ward
-Business
-Size
-Automobiles
-Imports
-President's previous meeting with Peter G. Peterson
-Japan
-CEA
-Solomon

US competitive position
-Foreign policy analogy
-Armaments
-Anti-ballistic missiles [ABM]
-Free trade economics
-Trade barriers
-Japan
-Europeans
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Japanese exports
-US
-Japanese exports
-Automobiles
-Long-range economic plans
-Businessmen
-Labor
-Long-range projects Conv. No. 491-28 (cont.)
-Japan
-Europe
-Common market
-Great Britain
-Union of Soviet Socialist Republics [USSR]
-Productivity
-People’s Republic of China [PRC]
-Gross National Product [GNP]
-Japan
-Overseas Chinese
-Singapore
-Taiwan
-Bangkok
-San Francisco
-Japan
-Possible study
-US production goals
-Agriculture
-Forthcoming “Salute to Agriculture” address, May 7, 1971
-Farm labor
-Costs
-Productivity
-Industry
-Machinery
-Solomon's visit to Burma
-Need for review
-State Department
-Vietnam
-Middle East
-Latin America

Foreign Policy
-Vietnam
-Middle East
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
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-USSR
-US relations
-West
-Europe
-US
-Vietnam
-Korea
-Japan Conv. No. 491-28 (cont.)
-PRC
-Pacific

US competitive position
-Long-term
-Europe
-Japanese
-PRC
-Africa
-Latin America
-Asia
-Long-range planning
-Prospects
-Pacific
-Europe
-Germans
-British
-French
-Italians
-Middle East
-USSR
-Japan
-US policy
-Relations

Solomon
-Role

Burma
-President's visit in 1953
-U Nu
-Pegu
-Solomon's visit
-Herbert Hoover
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Humor

Caribbean
-Tourism
-Nassau, Jamaica

French
-Paris Conv. No. 491-28 (cont.)

Burma

Cities
-New York
-Consumer Price Index [CPI]

CPI
-John D. Ehrlichman
-New York
-Numbers
-California

Burma


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

BEGIN WITHDRAWN ITEM NO. 3
[National Security]
[Duration: 17s ]


BURMA


END WITHDRAWN ITEM NO. 3

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


-Resources
-Thailand
-Poverty
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Compared to Bolivia, Haiti
-President's visit in 1953

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

BEGIN WITHDRAWN ITEM NO. 4
[National Security]
[Duration: 19s ] Conv. No. 491-28 (cont.)


BURMA


END WITHDRAWN ITEM NO. 4

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


-Socialists
-President’s visit in 1953
-Rangoon

CEA
-Solomon's assignment
-Role
-Challenges
-McCracken
-Herbert Stein
-Shultz
-Peterson
-Peter M. Flanigan
-John B. Connally
-James D. Hodgson
-Nathaniel Samuels
-Ehrlichman

Housing in Washington, DC
-Real estate

McCracken, Solomon, and Shultz left at 12:08 pm.
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)