108–3

Conversation No. 108-3

Date: October 13, 1972
Time: 10:06 am - 10:51 am
Location: Cabinet Room

The President met with George P. Shultz, Donald H. Rumsfeld, George H. Boldt, William G.
Caples, Donald Cagle, Kermit Gordon, Dr. Neil H. Jacoby, Rocco C. Siciliano, Arnold R.
Weber, and Robert P. Tiernan

Introductions

The Pay Board
-October 1971 meeting
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Appreciation for efforts
-Work
-Long-term effects
-Slowdown in wage escalation
-Wage settlements
-Wage increases
-Credit
-The President’s August 15, 1971 wage-price action
-Effect on wage earners
-Labor
-The President’s conversation with George Meany
-Construction industry
-The economy
-Cost of living, inflation, prices
-Effect of Pay Board and Price Commission’s work
-Inflation, wage increases
-Discipline of American people


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Great Britain

[To listen to the segment (2m12s) declassified on 02/28/2002, please refer to RC# E-602.]

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-The United States
-International Monetary Fund [IMF] meeting
-The President, Shultz
-Importance of economic action
-Use of controls
-Market forces
-Domestic issues
-Foreign policy
-The People’s Republic of China, Union of Soviet
Socialist Republics [USSR], Vietnam
-Work of members
-Motives, recognition
-Caseload
-Staff
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Cost of Living Council
-Support
-Rumsfeld
-Liaison
-Doug Johnson
-Cooperation of labor leaders
-Compliance


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Great Britain

[To listen to the segment (2m1s) declassified on 02/28/2002, please refer to RC# E-602.]

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-Harry S Truman’s use of Army to break strike
-Postal union negotiations
-Shultz, Meany
-Teamsters meeting
-Frank E. Fitzsimmons, Einar O. Mohn
-[Harry?] Bridges
-Brewery workers
-Labor movement
-Radicalism

Student unrest on campuses
-University of California, Los Angeles [UCLA]
-Berkeley
-Santa Barbara
-Activism
-Revolutionaries
-Environmentalists
-Students for a Democratic Society
-Attacks on conservative professors
-Jacoby
-Free trade
-Shultz

Pay Board
 8

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Free trade
-Hartke bill
-Long term effect of controls
-The President’s August 15, 1971 wage-price action
-Businessmen
-Business community
-Expectations
-Salaries
-Cooperation of labor and business
-Market forces
-Post-World War II period
-Shultz
-Gordon
-Policy
-Spending increases
-Budgetary action
-Pressures
-Unionization
-Regulation
-Use of executive and congressional power
-Shultz, John B. Connally
-Western capitalism’s problems
-Prosperity, full employment, prices
-Government action
-1972 economic situation
-Government responsibility
-Use of controls
-University of Chicago, UCLA

Gift presentation
-Cost

Pay Board
-Work

The President, et al. left at 10:51 am