502–20

Conversation No. 502-20

Date: May 20, 1971
Time: 2:47 pm - 3:58 pm
Location: Oval Office

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

Strategic Arms Limitation Talks (SALT)
-President's SALT agreement
-Soviets
-Negotiations
-Strength
-President's SALT agreement television announcement
-Columbia Broadcasting System [CBS]
-Dan Rather's comments
-Defensive
-Offensive
-Negotiations
-Marvin L. Kalb's comments
-Edmund S. Muskie's question
-President's performance

US economy
-Collective bargaining
-1973
-1972
-Longshoremen
-General Electric [GE] Westinghouse
-Peter G. Peterson's meeting with economic leaders
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-Herbert G. Klein
-John B. Connally
-Maurice H. Stans
-Policy coordination
-Connally
-Council of Economic Advisors [CEA]
-Domestic Council
-Meeting of Connally, Paul W. McCracken, Peterson, Peter
Conv.M.No.
Flanigan,
502-20 Shultz
(cont.)
-Schedule
-Stans
-James D. Hodgson
-Labor Department statistics
-Prices
-Employment level
-Commerce Department statistics
-Stans
-Hodgson
-Stans
-Flanigan
-Stans
-McCracken
-Connally's relationship with Arthur F. Burns
-Meeting of Quadriad, May 21, 1971
-McCracken
-Herbert Stein
-Monetary policy and interest rates
-Burns’ statement in Congressional testimony, May 19, 1971
-Interest rates and international monetary system
-US dollar
-Money speculation
-Germans
-German Mark
-International monetary conference
-Ambassador from the Hague
-Shultz’s view
-German Mark
-Lunch at French Embassy
-Valery Giscard D'Estaing
-Shultz, Connally, Burns, Flanigan
-Food
-Giscard D’Estaing's view on the German Mark
-Burns’ view on the German Mark
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-German's Views on the German Mark
-Parity
-Capital Flows
-Giscard D’Estaing's views
-Giscard D’Estaing's views
-Fiscal restraint
-Economic stimulation
-Fiscal policy Conv. No. 502-20 (cont.)
-Burns’ views
-Implementation
-Congressional spending
-Politics
-Republicans
-1972
-Veto
-Estimate of Fiscal 1971 deficit
-$21 billion
-Government expenditure
-Full employment revenue bill
-Treasury measurements of income
-Estimate of Fiscal 1972 deficit
-$18 billion
-Full employment revenue
-Fiscal policy stimulative power
-Expansionary status of US economy
-State of the economy
-Expansionary
-Inflation
-President's position
-Antiballistic Missile [ABM] negotiations
-SALT talks
-Government budget
-Burns
-Social Security tax
-Consumer Price Index [CPI] figure
-Forthcoming announcement
-Food prices
-Percentage of CPI
-Burns
-Monetary policy and interest rates
-Government budget
-Shultz
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-International monetary developments
-Connally
-Bankers meeting in Munich, Germany
-US economic policy
-Shultz’s view
-Domestic priority
-Proposed Committee of Economic Policy
-Stans Conv. No. 502-20 (cont.)
-President's meetings with Hodgson and Stans
-George W. Romney
-John A. Volpe
-Ehrlichman's meetings with Stans
-Stans
-Role in economic matters
-Meetings of the Quadriad
-Burns’ views on membership in the Quadriad
-Peterson
-Connally, McCracken, Flanigan, Shultz
-Burns
-Balance of payments statistics
-Stans’ meeting with President
-Russell B. Long's views on computation of Balance of Payments [BOP]
statistics
-Shultz's new system for computing BOP
-Short and long-term movements
-Stans
-Long
-Shultz's testimony on May 21, 1971 before International Committee
-Stans’ letter to Shultz
-Leaks
-Stans’ meeting with President
-President's approval
-Long's reaction
-President's meeting with Stans
-President's instructions
-Shultz's new system
-Imports
-Exports
-Government subsidies
-International trade
-Government subsidies
-Previous meeting with President
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-Shultz's views on subsidies
-Market
-Henry Kearns
-Budget
-La Pantha [sp?]
-Rolls Royce
-Lockheed
-Boeing Conv. No. 502-20 (cont.)

Supersonic Transport [SST]
-Status

John W. Bynes
-Social Security

Nathaniel A. Owings
-National Mall
-Owing's presentation for President in 90 days

Manpower special revenue sharing
-Trip to Birmingham, Alabama
-Southern Congressmen
-Byrnes [?]
-Romney
-Urban special revenue sharing
-Hodgson
-Manpower special revenue sharing
-Stein
-CEA
-Hendrik S. Houthakker
-Europe
-White House strategy
-President's meeting with press
-Birmingham

Ronald W. Reagan
-Edwin Meese III's conversation with John D. Ehrlichman
-Reagan's position
-White House's Legal Service's Bill and HR 1
-Edwin Reinecke

HR 1
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Vacancies in the Federal judiciary
-Former law partner of the President, named [Forename unknown] Liddig (?)
-Unknown law firm
-Rating by American Bar Association [ABA]
-Stanley N. Barnes
-Rating by ABA
-Liddig (?)
-Political allegiances Conv. No. 502-20 (cont.)
-Earl [Surname unknown]

Court of Military Appeals
-Albert W. Watson
-Two vacancies
-Blacks
-Robert E. Quinn
-William H. Darden
-Frederick V. Malek
-Blacks
-Edward F. Brooke
-Future appointments

Executive Departments
-Retirement of assistant secretaries and undersecretaries
-Political impact
-Recruiting replacements
-Political impact
-Upcoming election
-Richard C. Van Dusen, Department of Housing and Urban Development [HUD]
-SST
-William M. Magruder
-Job offer with aerospace industry
-Salary

Congressional relations
-Parks
-House Armed Services Committee
-F. Edward Hébert
-Camp Pendelton, California
-Legislation
-Marine Corps
-Melvin R. Laird
-Arnold R. Weber's meeting with Hébert
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-Laird in Louisiana
-Hébert's reaction
-California
-H R 1
-Byrnes
-Republicans
-Social Security
-Aged Conv. No. 502-20 (cont.)
-Meeting with Laird
-Byrnes
-General revenue sharing
-Byrnes
-Laird
-Chairman
-Cities, states
-Speech on May 20, 1971 in North Carolina legislature
-Shultz's views
-Legislative leaders
-California democrat
-Romney
-State Department
-Wilbur D. Mills
-Suggested meeting between Ehrlichman and Laird
-Byrnes
-Cabinet meeting on May 20, 1971
-Mills
-Social Security
-Byrnes [?]
-Apologies
-Republicans
-Aged
-Unknown person
-Office of Management and Budget [OMB]

Revenues
-Treasury Department estimates
-Full employment revenues
-Gross National Product [GNP]
-Expenditures for 1971
-Caspar W. (“Cap”) Weinberger
-1971 deficit
-Fiscal 1973
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Full employment revenues
-Fiscal 1973 budget
-Tax system
-Tas raises
-Property tax
-Burden
-Raises
-Secretary (Connally?) Conv. No. 502-20 (cont.)
-John N. Mitchell
-Political impact of changing tax system
-Need for Presidential decision
-H.R. (“Bob”) Haldeman
-President's schedule
-Child care
-Unknown person's bill
-Health, Education, and Welfare [HEW]
-Revenue Sharing financing
-Kevin P. Phillips' backing of unknown person's bill
-OMB
-Phillips' wife
-Job with the Committee

Black Caucus

Stephen B. Bull entered at an unknown time after 2:47 pm.

President's schedule
-Meeting with Kissinger

Bull left at an unknown time before 3:43 pm.

Employment

Education

Housing

Black Caucus
-President's record

Civil Rights Commission
-Theodore S. Hesburgh
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-June 14th, 1971 hearing on housing
-Subpoenas of assistant secretaries
-Samuel C. Jackson
-Samuel J. Simmons
-Statement prepared for the President

Haldeman entered at 3:15 pm.
Conv. No. 502-20 (cont.)
Dr. Bertram S. Brown
-Firing
-Reconsideration
-Elliot L. Richardson
-Brown
-Richardson’s view
-Richardson’s appointment request
-John W. Dean, III
-Egil G. (“Bud”) Krogh, Jr.
-Malek
-Position on narcotics
-Dean
-Krogh
-Weber
-Richardson
-Health, Education, and Welfare [HEW]
-Brown
-Drug traffic
-Marijuana
-President's meeting with Arthur G. (“Art”) Linkletter on May 18, 1971

Ehrlichman and Shultz left at 3:43 pm.

[The President talked with the White House operator at an unknown time between 3:15 pm and
3:44 pm]

[See Conversation No. 3-89]

[Conversation No. 502-20A]

[End of telephone conversation]

Donald H. Rumsfeld
-Office of Economic Opportunity [OEO]
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-Knowledge
-Knowledge of National Security Council [NSC]
-President’s plan
-George A. Lincoln

Bull entered at an unknown time after 3:43 pm.

President's schedule Conv. No. 502-20 (cont.)
-Meeting with Kissinger
-President's appointment at 4 o'clock

Bull left at an unknown time before 3:46 pm.

[The President talked with Mrs. Lee, Weber's secretary, at an unknown time between 3:43pm
and 3:46 pm]

[See Conversation No. 3-90]

[Conversation No. 502-20B]

[End of telephone conversation]

Connally
-Treasury

Kissinger entered at 3:46 pm.

SALT agreement
-Soviet clarification statement
-Soviet Embassy's press secretary
-Anatoliy F. Dobrynin
-Distribution

-Kissinger's briefings
-John W. Chancellor

President's schedule
-Haldeman’s call to Connally
-Kissinger’s forthcoming meeting with Connally

Haldeman left at 3:48 pm.
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NIXON PRESIDENTIAL MATERIALS STAFF

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SALT agreement announcement
-Headlines
-Chancellor, [Arnold] Eric Sevareid, [Forename unknown] Morgan (?), Marvin L.
Kalb
-Understanding of SALT agreement
-Columbia Broadcasting System [CBS]
-Dan Rather and Kalb
-Kissinger's briefings Conv. No. 502-20 (cont.)
-Gerard C. Smith
-Kissinger’s phone calls
-McGeorge Bundy
-President's thoughts on Kissinger
-Bundy
-Reaction to announcement
-Offer of assistance
-Senate Foreign Relations Committee

Haldeman entered at 3:49 pm.

President's schedule
-Haldeman’s conversation with Connally
-Connally’s reaction

SALT agreement announcement
-Bundy's offer of help
-Senate Foreign Relations Committee
-J. William Fulbright
-Michael J. (“Mike”) Mansfield
-Harold E. Hughes
-George D. Aiken
-Democrats
-Hubert H. Humphrey
-Charles W. Colson
-Mindset
-President
-Mindset
-Colson's report on a Humphrey speech on Antiballistic Missiles [ABM],
Multiple Independently Targetable Reentry Vehicle [MIRV] and
arms talks
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Edmund S. Muskie
-Someone Kissinger sent to see Muskie
-Dean G. Acheson
-Kissinger's call

[The President talked with the White House operator at an unknown time between 3:49 am 3:53
pm]
Conv. No. 502-20 (cont.)
[See Conversation No. 3-91]

[Conversation No. 502-20C]

[End of telephone conversation]

SALT agreement announcement
-[Forename unknown] Kleiman of New York Times
-Kissinger's call
-Kleiman's comments

[The President talked with the White House operator at 3:53 pm]

[See Conversation No. 3-92]

[Conversation No. 502-20E]

[End of telephone conversation]

Rose Mary Woods entered at 3:53 pm.

Copy of President’s memo to Acheson, May 20, 1971

Woods left at 3:54 pm.

-Dobrynin's call to Kissinger
-Soviet press release
-Offer to call Senators

Statement President made to the Rules Committee
-Albert J. Beveridge
-[First name unknown] Marshall
-[First name unknown] Bowers [?]
-Text of statement
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NIXON PRESIDENTIAL MATERIALS STAFF

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-Partisanship
-1898
-Patriotism

SALT agreement
-William P. Rogers
-Laird
-Military Conv. No. 502-20 (cont.)
-Kissinger's forthcoming call to Rogers
-Rogers’ meeting with President
-Photographs
-U. Alexis Johnson's comments

Shultz

[The President talked with the White House operator at an unknown time between 3:54 pm and
3:56 pm]

[See Conversation No. 3-93]

[Conversation No. 502-20F]

[End of telephone conversation]

Laird


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

BEGIN WITHDRAWN ITEM NO. 4
[Privacy]
[Duration: 14s ]


END WITHDRAWN ITEM NO. 4

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

[The President talked with Shultz between 3:56 pm and 3:57 pm]

[See Conversation No. 3-94]
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[Conversation No. 502-20D]

[End of telephone conversation]

The President, Haldeman, and Kissinger left at 3:58 pm.


Conv. No. 502-20 (cont.)