514–8

Conversation No. 514-8

Date: June 8, 1971
Time: 11:06 am - 12:00 pm
Location: Oval Office

The President met with H. R. (“Bob”) Haldeman

American Committee on Italian Migration
-Photographs

Peter G. Peterson Congressional briefing
-Allen amendment
-Voting
-Reception
-Queen Elizabeth II’s garden party
-Alternatives
-Adjournment
-Conflict with garden party

Lyndon B. Johnson’s visit to Washington, DC
-Johnson’s schedule
-Jake Nichols
-Breakfast invitation
-Madison Hotel
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Presidential suite
-Past Nixon/Johnson visits
-Johnson letter to Nixon
-Nixon library

Press conference

Polls Conv. No. 514-7 (cont.)
-Approval/disapproval question
-Format
-Meaning of question

Stephen B. Bull entered at an unknown time after 11:06 am

President’s schedule

Bull left at an unknown time before 11:17 am

-Need for question
-Demonstrations
-Marijuana question
-Use in upcoming poll

Strategic Arms Limitation Talks [SALT]
-John A. Scali
-Henry A. Kissinger

Haldeman left and Bull, George P. Shultz, Milton Friedman, and Oliver F. (“Ollie”) Atkins
entered at 11:17 am

Japanese talks

Bull and Atkins left at an unknown time before 12:00 pm

Friedman’s thoughts on economy

Manolo Sanchez entered at unknown time after 11:17 am

Refreshments

Sanchez left at unknown time before 12:00 pm
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



United States economy
-Attitudes
-Wage controls
-Policy versus lack of policy

Sanchez entered at unknown time after 11:17 am

Sanchez left at unknown time before 12:00 pm Conv. No. 514-8 (cont.)

-Friedman letter
-Appropriate economic measures
-Political judgement
-Future of dollar
-Hubert H. Humphrey intentions
-Edmund S. Muskie intentions
-Edward M. (“Ted”) Kennedy intentions
-Henry M. (“Scoop”) Jackson intentions
-Economic changes
-Inflation in the future
-Unemployment in the future
-Overall outlook
-Reasons
-Economic cycles
-Arthur F. Burns’ view
-Repetition of mistakes
-Interest rate rises
-Short range versus long range
-Overall view of economy
-”Filter down” of money
-History of last recession
-General Motors [GM] recovery
-Consumer status
-Polls
-Questions
-Records
-Recession end
-GM strike
-Interest rates
-Controlling factors
-Construction
-Government borrowing
-Demand
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Behavior
-Focus of economic plans
-Effect time of economic changes
-Cost of living
-Price rises
-Political damage
-Unemployment
-Political implications Conv. No. 514-8 (cont.)
-Public reaction
-Democratic economists
-Political judgements
-President’s creation of recession
-Democratic view
-Job creation
-Wage and Price Board
-Burns
-Interest rates
-Economic analysis
-Humphrey
-Segment analysis
-Overall analysis
-Performance
-Overall analysis
-Application to US economy
-Housing loan control
-Interest rates
-Money manipulation
-Short and long run effect
-History of 1967 and 1968
-Legislative efforts
-Administration policy
-John D. Ehrlichman
-Confidence in economy
-Wage/price board
-Federal Reserve Board
-International economics
-Monetary crisis
-Effect on US money
-Exchange rates
-Housing
-Housing boom
-Davis-Bacon Act
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Labor
-James D. Hodgson
-Burns
-Problems
-European economy
-Wall Street tycoons
-Reaction to suggestions
-International monetary crisis Conv. No. 514-8 (cont.)
-Federal Reserve Board stability
-Policy
-Money policy
-Past Federal Reserve Board policy
-Future policy
-Alfred Hayes
-Attitude
-Inflation fear
-New York dollar market
-Banking capital
-Capital control
-European money market
-Business concern
-Balance of payments
-Policy changes
-Unemployment reduced
-Tax reduction
-Effect on government spending
-Deficit size
-Credit
-Retail sales statistics
-Sears and Roebuck
-Accuracy
-Wage/price problem
-Unions
-Negotiation of wages
-Inflation
-Steel contract
-GM contract

President’s appreciation
-Presentation of gifts

Bull entered at an unknown time after 11:17 am
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




-Photograph

Bull left at an unknown time before 12:00 pm

-Friedman’s persuasive powers
-Burns’ position
Conv. No. 514-8 (cont.)
Shultz and Friedman left at 12:00 pm