78–4

Conversation No. 78-4
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




Date: October 7, 1971
Time: 4:30 pm - unknown before 4:57 pm
Location: Cabinet Room

The President met with Wallace F. Bennett, Robert C. Byrd, Allen J. Ellender, Robert P. Griffin,
Jacob K. Javits, Russell B. Long, Michael J. (“Mike”) Mansfield, Jack R. Miller, Hugh Scott,
John J. Sparkman, Herman E. Talmadge, William Proxmire, John G. Tower, Page Belcher, John
W. Byrnes, Gerald R. Ford, George H. Mahon, Albert H. Quie, Wright Patman, William L.
Springer, [Thomas] Hale Boggs, John B. Connally, Paul W. McCracken, George P. Shultz, John
D. Ehrlichman, William E. Timmons, Richard K. Cook, and Eugene S. Cowen

House

Football

Economy
-Spokesmen
-Ehrlichman
-McCracken
-President’s schedule
-Presentation of outline
-Briefings by others
-Ehrlichman
-McCracken
-Herbert Stein
-Clark MacGregor
-Shultz
-Connally
-Press conference
-President’s speech, October 7, 1971

Economy
-Spending
-Freeze
-Deferred pay raise
-Interest rates
-Dividends
-Profits
-Proxmire
-Windfall profits
-John L. McClellan
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



-Price Commission
-Membership
-Responsibilities
-Prices, rents, windfall profits
-Pay Board
-Labor
-Tripartite: Business, Labor, Government
-George Meany
-Concept of voluntary cooperation
-Shultz
-Interest and dividends
-Arthur F. Burns
-Committee
-Moral session
-Federal Reserve
-Connally
-Requirements for President’s program to work
-Sanctions
-Voluntary restraints
-One-year extension of wage stabilization legislation
-Interest rates
-Ehrlichman
-Wholesale prices
-Industrial prices
-Consumer Price Index [CPI]
-Freeze
-Javits
-International monetary affairs
-Surcharge
-Connally
-International Monetary Fund [IMF]
-Current situation


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International economics

[To listen to the segment (1m50s) declassified on 02/28/2002, please refer to RC# E-560.]

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 9

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)




-Need for public and Congressional support
-President’s experiences representing California
-President’s program
-Goal relating to inflations
-90-day freeze
-Controls
-Duration
-Taxes
-Long
-Connally
-Legislation status
-Senate
-President’s address, October 7, 1971
-Need for bi-partisan consultation

President’s schedule
-Continuance of meeting
-Connally
-Shultz

The President left at 4:52 pm

The economy
-Inflation-fighting mechanisms
-Cost of Living Council [COLC]
-Pay Board
-Duration of program
-Price Commission

Recording was cut off at an unknown time before 4:57 pm