Date: June 14, 1971
Time: Unknown between 4:34 pm and 6:46 pm
Location: White House Telephone
The President talked with the White House operator.
41
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/08)
[See Conversation No. 519-16]
Call to George P. Shultz
Conversation
Conv. No. 5-66
No.
(cont.)
5-67
Date: June 14, 1971
Time: 6:46 pm - 6:57 pm
Location: White House Telephone
The President talked with George P. Shultz.
[See Conversation No. 519-17A]
President's schedule
-Meeting with Quadriad
-John B. Connally
Economy
-Expansion
-Inflation
-Arthur F. Burns’ figures
-Budget and monetary policy
-Wage and labor cost figures
-US businessmen's lack of confidence in US
-Burns’ opinion
-Previous meeting of Business Council
-Impact of increase in output per manhour on labor costs
-National City Bank report in H.R. (“Bob”) Haldeman's office
-Paul W. McCracken
-Economic condition of Armor division of Greyhound Corporation
-Shultz's conversation with unknown man
-Plant-equipment expenditures in American business
-Inventory expansion
-Sales
-Retail sales (May 1971 figures)
-McCracken's memo to President
-Revising of figures
-Sears, Montgomery Ward, J.C. Penney's
42
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/08)
-Unemployment and expansion of U.S. economy
-Decline of actual unemployment
-Seasonal factors in unemployment
-Armed forces discharges and employment of veterans
-Wage and price control system
-Costs
-Novelty
Conv. No. 5-66 (cont.)