936–2

Conversation No. 936-2

Date: June 11, 1973
Time: 5:16 pm - 5:24 pm
Location: Oval Office

The President met with George P. Shultz, Herbert Stein, and John T. Dunlop.

President’s schedule

National economy
-Export control
-Legal justification
-Report
-Completion date
-President’s knowledge
-Staff
-Shultz
-Office of Management and Budget [OMB]
-Labor-Management Advisory Committee
-President’s assessment
-George Meany
-Health
-Attendance
-Walter B. Wriston
-Moscow
-I[lorwith] W[ilbur] Abel
-Steelworker meeting in Nevada
-Abel’s views
-Public attention
-Wage-price freeze
-Follow up
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log
(rev. July-2011)

Conversation No. 936-2 (cont’d)

-Stein’s view
-Price, wage czar

-Paul Hall and Frank E. Fitzsimmons’s views

-Goals

-Public attention

-Phase III

-Food

-Attention to Congress

-Compared to export controls

-Soybeans

-Japan

-Wages, prices

-Labor-Management Advisory Committee
-Shultz
-Impact
-Business
-Labor
-Consumer credit
-Budgetary problems
-Interest rates
-Mortgage rates
-Government subsidies
-Arthur F. Burns’s views
-Controls
-Possible freeze
-Duration
-30, 60 days
-Results
-Congressional reaction
-Follow-up
-Phase III
-Political considerations

-1974 elections

-Economic predictions

-White House response

-President’s reluctance
-Export controls
 -4-


NIXON PRESIDENTIAL LIBRARY AND MUSEUM


Tape Subject Log

(rev. July-2011)

Conversation No. 936-2 (cont’d)

-Credibility of White House plan
-Dunlop’s assessment
-Pre-notification, licensing
-Crop yields
-Food prices

-Retail

-Risk

-President’s willingness
-Phase IV controls
-PL 480

-Paper

-Aid requests

-India
-Pakistan
-Shultz’s conversation with National Security Council [NSC], Gen.
Brent G. Scowcroft
-Aid levels
-Cuts
-Supply problem
-Price rise
-Wheat
-President’s forthcoming speech

-Preparation

-Philosophy and practice


Shultz, Stein, and Dunlop left at 5:24 pm.