679–13

Conversation No. 679-13

Date: March 7, 1972
Time: 3:05 pm - 4:43 pm
Location: Oval Office

The President met with John B. Connally, George P. Shultz, and Herbert Stein.

Arthur F. Burns’s schedule
-Central bank meeting
-Switzerland
-Federal Reserve Board [FRB] staff

West Germany and France
-Burns’s [?] sppech
-Interest rates
-Gold

Social Security
-Spending ceiling
-Gold bill
-Debt ceiling
-Willy Brandt
-Treasury Department
-Social Security
-Debt ceiling
-House of Representatives
-Tax bill
 30

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Social Security increase
-Connally’s view
-Wilbur D. Mills
-Wages
-Inflation
-Civilian federal employees
-Mills
-Florida primary
-Hubert H. Humphrey [?]
-Democrats
-Proposals
-Senior citizens
-Support for the President
-Congress
-Tax
-Deficit
-Inflation
-Testimony by Shultz and Connally
-Cost of living raise
-Mills
-William E. Timmons and Clark MacGregor
-Mills’s proposal
-Tax change
-Wage base increase
-House Resolution [HR] 1
-Timing
-Elliot L. Richardson’s proposal
-Mills
-HR 1
-Office of Management and Budget [OMB]
-Gerald R. Ford
-MacGregor and Timmons
-Representatives and Senators
-The President’s experience
-Russell B. Long
-Taxes
-Mills
-Timing
-Walter F. Mondale
-Senate Finance Committee
-HR 1
-Popular opinion
 31

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Inflation
-Business people
-Shultz’s previous conversation with Bryce N. Harlow
-Wallace F. Bennett
-The President’s disapproval
-Senior citizens
-Stein’s view
-Appropriation of monies
-Timing
-Ronald L. Zeigler
-Connally
-Shultz
-Richardson
-Department of Health and Education and Welfare [HEW]
-Mills
-Cost of living increases
-Taxes compared to benefits
-Full employment budget
-Inflation
-Senior citizens
-Administration position
-Congress
-No increase in spending
-Arthur S. Flemming
-Gilbert Carmichael
-Cost of living
-Inflation
-Wage and Price Boards
-Deficit
-Compared to veto of previous education bill
-National Education Association [NEA]
-Senior citizens

Budget
-Other forthcoming spending measures
-Higher education bill
-Veto
-Senior citizens compared to educators
-Water quality authorization bill
-John D. Ehrlichman
-Environment
-Edmund S. Muskie
 32

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-The President’s view
-Potomac River cleanup
-Expense
-Navy
-Dumping problems
-Expense
-Compared to the net impact
-Defense
-Air Force and Army

Social Security
-Richardson
-Troika
-Paper
-Tax rate increases
-HR 1
-Administration position
-Election
-Deficits
-Stein
-Mills


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

BEGIN WITHDRAWN ITEM NO. 2
[Personal Returnable]
[Duration: 2m 5s ]


END WITHDRAWN ITEM NO. 2

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


Budget
-Shultz
-Connally
-Environmental bill
-Shultz’s memorandum to the President
-Ehrlichman
-Environmental issue
 33

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Expense
-Timing
-Congress

Economy
-Social Security
-Wage and price controls
-Longshoremen strike
-Pay Board
-Harry Bridges
-J. Curtis Counts
-Bridges
-Previous agreements with longshoremen
-Previous practices
-Stealing
-Donald H. Rumsfeld
-Connally
-Previous agreement

Manolo Sanchez entered at an unknown time after 3:05 pm.

Refreshments

Sanchez left at an unknown time before 4:43 pm.

Labor relations
-Longshoremen strike
-Bridges
-West Coast docks
-Unemployment compensation
-Military cargo
-Possible legal measures
-Injunction
-Strike fund
-John L. Lewis
-Gridiron dinner
-The President as a congressman
-Labor support of administration
-I[lorwith] W[ilbur] Abel
-Construction industry
-Wages
-Pay Board
 34

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Possible labor walk-off
-International Brotherhood of Teamsters
-Shultz’s forthcoming meeting with Frank E. Fitzsimmons
-Fitzsimmons
-The President’s return from the People’s Republic of China [PRC]
-Meeting with Connally
-Economy
-Social Security
-Rising cost of living
-Business confidence
-Consumer confidence
-Bridges
-Employers
-Employment figures
-Stevedores
-Contingency plan
-OMB
-Justice Department
-Use of military
-National Guard
-Compared to Postal Service strike
-Units with experience from Vietnam
-Naval Construction Battalions [Seebees]
-Saigon compared to Los Angeles
-Military cargo
-Defense Department
-Bridges
-Thomas W. (“Teddy”) Gleason
-East Coast docks
-Possible national strike
-Use of military
-Troops in Postal Service strike
-Forthcoming meeting with George Meany
-Possible task force
-Possible chairman
-Rumsfeld
-Shultz
-Rumsfeld
-Labor
-Cost of Living Council [COLC]
-Contingency plan
-Justice Department
 35

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Defense Department
-Rumsfeld
-OMB

Busing
-Moratorium
-Importance as an issue

Economy
-Minimum wage legislation
-Future
-Increase
-Democrats
-Labor
-Level of increase
-William M. Colmer
-Republicans
-Conservative Democrats
-Increase
-Timing of increase
-Wage controls
-Economic Stabilization Act
-Wage controls
-Low income group
-COLC
-Youth minimum wage differential
-Youth vote
-Youth unemployment
-Lyndon B. Johnson
-Detroit unemployment project
-Amount
-Cost of living
-Level comparable to working poor
-Compared to sweat shops
-Youth unemployment
-Percentage
-Amount of increase
-Youth differential
-Legislation
-Possible veto
-Amount of proposed increase
-Mills
 36

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Coverage
-Extension
-Bargaining
-Extension of coverage
-Youth differerential
-Amount of increase
-The President’s view
-COLC
-The President’s view
-Possible veto
-Extension of coverage
-Youth differential
-Amount of increase
-Unemployment insurance amendments
-Unemployment figures
-Possible report from Stein
-Memoranda
-White House
-Shultz
-Connally
-Rumsfeld proposition
-Retail sales figures
-General Motors [GM]
-Manufacturing
-Wage and price controls
-Expansion of government spending
-Environment
-Navy
-Adm. Elmo R. Zumwalt, Jr.
-Air Force
-Army
-Income tax
-Consumer confidence
-Unknown person
-New York
-Western Europe
-Payroll
-Equipment expenditures
-Orders for capital goods
-Orders for manufactured goods
-Orders for durable goods
-Increase in orders
 37

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Employment
-Domestic automotive sales
-Financial position of consumers
-Leading indicators
-Unemployment insurance
-Manufacturing layoffs
-Housing starts
-Housing permits
-Mortgage lending institutions
-Savings
-Standard and Poor’s Index of stock prices
-Dow Jones
-Weekly earnings
-Consumer Price Index [CPI]
-Unemployment
-Money supply
-Interest rates
-Decline
-Retail sales
-Merchandise trade
-Balance of payments
-Imports
-Exports
-Confidence in business community
-Consumer index
-Interest rates
-Burns
-Money supply
-Convertability
-Administration position
-Wall Street
-International bankers
-Jelle Zijistra
-Balance of payments
-Stein
-Connally
-Burns
-Hobart Rowen
-Stein
-Memoranda
-The President
-Shultz
 38

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Connally
-Report
-Council of Economic Advisors [CEA]
-Ezra Solomon
-[Marina von N. Whitman]
-Burns
-Value added tax [VAT]
-The President’s view
-Example of foreign policy advisors
-Henry A. Kissinger
-Economists
-Forthcoming meeting in New York
-Figures
-Connally
-Social Security
-Connally’s previous meeting with C. Jackson (“Don”) Grayson, Jr.
-Price Commission
-Utilities
-Regulatory agencies
-Federal Power Commission
-Telephone companies
-Connally’s view
-Tier 1
-Tier 2
-First quarter reports
-Semi-annual reports
-OPM
-Internal Revenue Service [IRS]
-Defense Department
Melvin R. Laird
-IRS
-Audits
-The President’s schedule
-Forthcoming meeting
-Connally, Shultz, Stein
-Social Security
-Congress
-MacGregor and Ehrlichman
-Minimum wage issue
-Longshoremen’s strike
-Task force
-Meany
 39

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



-Social Security
-Senior citizens
-Issues
-Wage and price controls
-Busing
-Budget
-Cost of living
-Stock market
-Stein
-Standard and Poor’s
-Dow Jones

Meeting
-The President’s view
-Quadriad
-Burns
-Schedules
-Invitees
-CEA

Connally, Shultz, and Stein left at 4:43 pm.