500–16

Conversation No. 500-16

Date: May 18, 1971
Time: 11:30 am - 12:16 pm
Location: Oval Office

The President met with John D. Ehrlichman and George P. Shultz.

Supersonic Transport [SST]
-Boeing
-President's schedule
-William E. Timmons' Senate vote projections
-William M. Allen's previous testimony
-Possible Boeing statement
 19

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Effect
-Boeing
-Contract position
-Cost figures
-Allen
-Timmons
-Possible Boeing statement
-Senate
-House of Representatives conferees
-Senate
-Boeing
-George H. Mahon, Allen J. Ellender
-Future contracts
-Governor Daniel J. Evans
-Future participation in SST program
-Lockheed
-Future
-Boeing
-Government and private efforts
-Research and development
-Sharing costs
-707's and 727's
-Gerald R. Ford
-Efforts for SST
-Forthcoming meeting with Ehrlichman
-House of Representatives
-Allen
-Role

Boeing
-Actions
-President’s view
-Future contracts
-Prohibition
-Tanker
-Allen
-Future meeting with Ehrlichman
-A hydrofoil
-Actions
-Shultz's May 19, 1971 speech to aerospace industry meeting in Williamsburg

Senate
 20

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Peter H. Dominick
-Health
-Kissinger
-Statement regarding railroad strike
-Action regarding railroad strike
-Possible handling of policy matters
-Michael J. (“Mike”) Mansfield Amendment
-Clark MacGregor Conv. No. 500-16 (cont.)
-Dominick
-Health

House of Representatives
-[Thomas] Hale Boggs' action regarding debt amendment
-Wilbur D. Mills
-Effects
-Mills and House Ways and Means Committee
-Boggs' action regarding education bill
-George H. Mahon
-Leadership

Railroad strike
-Possible Congressional action
-President’s view

Boeing
-Ehrlichman's meetings
-Future
-Ford
-Robert P. Griffin

Railroad strike
-Senate Labor Committee vote
-Wage increase
-Prospects in House
-Unions
-Timing of action
-Pending legislation

President's schedule
-Ambassador's presentation of credentials
-Togo
-Interview with businessmen magazine editors
 21

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Herbert G. Klein
-Time, Fortune, Barron's, Forbes
-Shultz's possible role
-President's role
-Peterson

Alexander Butterfield entered at an unknown time after 11:30 am.
Conv. No. 500-16 (cont.)
-H.R. (“Bob”) Haldeman

Butterfield left at an unknown time before 12:10 pm.

-Interview with businessmen magazine editors
-Shultz's role
-Railroad strike
-Shultz's role
-Maurice H. Stans and Paul W. McCracken
-Peterson's role
-Shultz's role

Haldeman entered at an unknown time after 11:30 am.

-Ground rules
-Klein
-Fortune editors
-Klein

Haldeman left at an unknown time before 12:10 pm.

-Themes
-State of economy in 1969
-Administration efforts
-Rates of inflation
-Quadriad meeting, May 21, 1971
-John B. Connally, McCracken, and Arthur F. Burns
-Trip to Italy
-Haldeman
-Previous meeting
-Date
-President's role
-Agenda, purpose
 22

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



Economy
-Interest rates
-Burns and the Federal Reserve Board
-Connally's testimony to Abraham A. Ribicoff's committee
-Domestic compared with international economy
-Federal Reserve
-Connally, McCracken, and Burns trip
-Talking paper for President Conv. No. 500-16 (cont.)
-Connally, McCracken, and Burn trip
-Peterson
-Connally
-Burns
-Peterson

Social Security
-Congressional vote
-Family Assistance Plan
-President's statement
-Purpose
-Republican vote
-Cost-of-living escalator
-Budget outlay in Fiscal Year 1973

Economy
-Possible June budget meeting
-Location
-Shultz's conversation with Connally and McCracken
-Date
-Second quarter estimates
-Date
-President's schedule
-Tricia Nixon's wedding
-Fiscal Year 1973 budget
-John N. Mitchell
-Importance for 1972 Republican platform
-Property tax
-Possible tax revision
-Connally
-Importance
-Value-added tax
-Compared with revenue-sharing and government reorganization
-Revenue-sharing connection
 23

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-View among state and local governments
-Possible tax revision
-Mills
-Importance in 1972
-The poor
-Middle America

Domestic issues Conv. No. 500-16 (cont.)
-Food stamps
-Importance
-President's speeches
-Blacks
-President's reply to the Black Caucus
-A notebook
-Constituencies
-Hunger program, Family Assistance Plan
-Importance
-Tax credits
-Tuition tax credits
-Faculty salary subsidies
-Massachusetts Institute of Technology [MIT]
-Budget and economics review
-Tax revision
-Connally
-Influences
-Paul A. Volcker, Charls E. Walker
-Budget ceilings
-Review
-1970 review
-Space program
-Moon shots
-Ehrlichman's May 17, 1971 meeting with James C. Fletcher of National
Aeronautics and Space Administration [NASA]
-NASA's mission
-Future meeting(s)
-Saline water
-Possible NASA role
-President's review of option paper
-Importance
-Florida, Texas, California
-Option paper
 24

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



Economy
-Housing starts [?]
-Inflation figures
-Consumer Price Index [CPI]
-Interest rates
-Mortgage money
-Possible interest subsidy
-Housing Conv. No. 500-16 (cont.)
-Railroad strikes
-Status
-International situation
-Causes
-Connally's statement
-Milton Friedman's article \"The Mark Crisis\" in Newsweek
-Volcker's statement to President
-Stock Market

-Treasury Department
-Volcker
-”Establishment”
-Burns
-Position on gold
-Currency values
-Shultz’s view
-Effect of US trade
-Exports
-Japanese yen
-Stock market
-Effect of railroad strike

Domestic issues
-Racial violence
-May 17, 1971 Bedford-Stuyvesant incident
-Cause
-Police action
-Unemployment
-Prospects
-Possible action
-Effects
-Possible action
-May 17, 1971 incident
-Cause
 25

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Police action
-John V. Lindsay's actions
-1960's riots, 1971 Washington, D.C. demonstrations
-Riot control
-Law Enforcement Assistance Administration [LEAA]
-1967 Washington, D.C. riots

President's schedule Conv. No. 500-16 (cont.)
-Meeting with National Small Businessman of the Year

International trade statistics
-Stans' work
John N. Frank, Mrs. John N. Frank, Joniece Frank, Thomas S. Kleppe, and Peter M. Flanigan
entered at 12:10 pm; Oliver F. (“Ollie”) Atkins was present the beginning of the meeting.

Greetings

Ehrlichman and Shultz left at 12:10 pm.

Introductions

Republicans

Photo arrangements

Award

Frank's business

California, Oklahoma

Gifts
-Cuff links
-Bow pins

Frank's business

President's family
-Thelma C. (Ryan) (“Pat”) Nixon
-Decoration of Oval Office
-Julie Nixon Eisenhower
-Needlework
 26

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)




The Franks and Kleppe left at 12:15 pm.

Small business

Business magazine editors meeting [?]
-Roosevelt Room
-McCracken, Shultz, Peterson, [Unintelligible name], James
Conv.D.
No.
Hodgson,
500-16 (cont.)
Rogers C. B. Morton, Stans
-President's possible role

Flanigan left at 12:16 pm.