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Conversation: 294-022

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Start Date: 18-Nov-1971 2:56 PM

End Date: 18-Nov-1971 4:50 PM

Participants:

Nixon, Richard M. (President)Shultz, George P.Sanchez, Manolo

Recording Device: Old Executive Office Building

Full Tape Conversation Start Time: 03:41:30

Full Tape Conversation End Time: 05:17:41

294a.mp3

294b.mp3

294c.mp3

294d.mp3

NARA Description:

On November 18, 1971, President Richard M. Nixon, George P. Shultz, and Manolo Sanchez met in the President's office in the Old Executive Office Building from 2:56 pm to 4:50 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 294-022 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 294-22

Date: November 18, 1971
Time: 2:56 pm - 4:50 pm
Location: Executive Office Building

The President met with George P. Shultz and Manolo Sanchez.

     Refreshments

Sanchez left at an unknown time before 3:36 pm.

     John B. Connally
          -Previous meeting with Shultz
               -Henry A. Kissinger
          -Upcoming meeting with the Group of Ten

Manolo Sanchez entered at an unknown time after 2:56 pm.

     [Unintelligible]

Sanchez left at an unknown time before 3:36 pm.
                                         29

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                   Tape Subject Log
                                     (rev. 10/06)
                                                          Conv. No. 294-22 (cont.)


Connally
    -Previous meeting with Shultz
    -Staff
          -Gold

International monetary situation
      -Price of gold
            -Convertibility

Charles H. Percy
     -Previous statement
           -Richard B. Ogilvie
           -Vietnam

Nelson A. Rockefeller

Ronald W. Reagan
    -Conversation with the President
          -Welfare reform

Rockefeller
    -Revenue sharing

Ogilvie
     -Previous call to Shultz
          -Percy's speech
          -House Resolution 1

House Resolution 1
    -Percy's efforts
         -Shultz's previous conversation with Connally

Congress
    -Pending legislation
    -Connally's efforts

Ogilvie
     -Federal welfare funds
                                              30

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                   Conv. No. 294-22 (cont.)


     Congress
         -Tax Bill
         -Michael J. Mansfield

An unknown person entered at an unknown time after 2:56 pm.

     Delivery

The unknown person left at an unknown time before 3:36 pm.

     American Federation of Labor-Congress of Industrial Organizations [AFL-CIO]
          convention
         -George Meany's previous speech
               -Soviet Union and People's Republic of China [PRC]
         -Executive Council's meeting
         -Pay Board participation
               -The President's forthcoming speech
         -Meany's statement on the President's economic program

     National economy
          -Consumer Price Index [CPI]
                -Increase

     AFL-CIO convention
         -The President's forthcoming speech
              -Vietnam
         -Meany
              -Relations with Lyndon B. Johnson and Dwight D. Eisenhower
         -The President's schedule
              -Pay Board

     Federal Budget
          -Manipulation
          -Pending tax bill
          -Revenue-sharing
          -Family assistance
          -Value added tax
               -Possible role in tax system
          -Hubert H. Humphrey's proposal
          -Russell B. Long's proposal
               -Cost
                                               31

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/06)
                                                                           Conv. No. 294-22 (cont.)


                  -Herbert Stein

     Stein
             -Shultz's call to Maj. Gen. James D. (“Don”) Hughes
                   -White House car
             -Possible role with administration
                   -Shultz's previous conversation with Connally
                   -Milton Friedman
                   -Arthur F. Burns
             -Paul W. McCracken
             -Council of Economic Advisors [CEA] appointment
                   -Jews in administration
                   -Connally's views
             -Health

     National economy
          -Pay Board
                -Coal miners
                -Retroactivity of contracts
                      -Shultz's daughter's question
                      -Possible strike
                      -Congress
          -Effect of freeze
                -Previous Wall Street Journal article
          -Duration of freeze
          -Burns
                -Letter to the President regarding his visit to New York

The President talked with the White House operator at an unknown time between 2:56 pm and
3:36 pm.

[Conversation No. 294-22A]

[See Conversation No. 15-35]

[End of telephone conversation]
                                               32

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                          (rev. 10/06)
                                                                        Conv. No. 294-22 (cont.)


     Burns
          -Lyndon B. Johnson
          -Contacts
               -Pierre-Paul Schweitzer

The President talked with Peter M. Flanigan between 3:36 and 3:42 pm.

[Conversation No. 294-22B]

[See Conversation No. 15-36]

[End of telephone conversation]

     Fredrick M. Eaton
          -Possible role with Administration
          -North Atlantic Treaty Organization [NATO] Ambassadorship
               -Requirements

     David Kennedy
          -Possible role with Administration

Stephen B. Bull entered at an unknown time after 3:42 pm.

     The President's schedule
          -Donald H. Rumsfeld
          -Cost of Living Council [COLC]
          -Kissinger

Bull left at an unknown time before 3:47 pm.

     David M. Kennedy
          -Possible role with Administration

     International monetary situation

Manolo Sanchez entered at an unknown time after 3:42 pm.

     Refreshments

Sanchez left at an unknown time before 3:47 pm.
                                             33

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                     Conv. No. 294-22 (cont.)


     Pending legislation

     National economy
          -Money supply
                -Burns

The President talked with the White House operator at an unknown time between 3:42 pm and
3:47 pm.

[Conversation No. 294-22C]

[See Conversation No. 15-37]

[End of telephone conversation]

     National economy
          -Money supply
                -Burns
                -Friedman
          -Federal budget for Fiscal Year 1973

The President talked with Charles W. Colson between 3:47 pm and 3:51 pm.

[Conversation No. 294-22D]

[See Conversation No. 15-38; one item has been withdrawn from the conversation]

Rumsfeld entered at 3:48 pm.

[End of telephone conversation]

The President talked with H. R. (“Bob”) Haldeman between 3:51 pm and an unknown time
before 4:17 pm.

[Conversation No. 294-22E]

     Colson

     The President's schedule

[End of telephone conversation]
                                              34

                           NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                   Conv. No. 294-22 (cont.)



     National economy
          -Pay Board
                -Retroactivity of contracts
                     -Pending legislation
          -Pending legislation
                -Clark MacGregor's views

     Congress
         -Authority vis-a-vis the President
              -Washington Post article

     National economy
          -Rumsfeld's deputy
                -Frank C. Carlucci
                -Requirements
          -The President's program
                -C. Jackson Grayson and George H. Boldt
                -Pay Board and Price Commission
                      -Relations
                           -Rumsfeld's activities
                           -Staffs' activities
                -Effects
                -Exemptions
                -Cost of Living Council
                      -Activities
                      -Virginia H. Knauer
                           -Connally
                           -Telegram from Jewel Tea Company
                      -Activities

The President talked with an unknown person at an unknown time between 3:51 pm and 4:17
pm.

[Conversation No. 294-22F]

     [Unintelligible]

[End of telephone conversation]

     National economy
                                              35

                         NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                 Conv. No. 294-22 (cont.)


         -The President's schedule
         -The President's program
              -Foreign policy
              -Cost of Living Council
                    -Role
              -Rumsfeld's conversation with Dick [Surname unknown] [Richard Ogilvie?]

    Ogilvie
         -Welfare reform


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

BEGIN WITHDRAWN ITEM NO. 7
[Personal Returnable]
[Duration: 2m 4s ]


END WITHDRAWN ITEM NO. 7

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


         -Possible role with administration
              -Judicial appointment
                    -Mitchell
                    -Confirmation


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

BEGIN WITHDRAWN ITEM NO. 8
[Personal Returnable]
[Duration: 3m 47s ]


END WITHDRAWN ITEM NO. 8

*****************************************************************
                                            36

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                    Conv. No. 294-22 (cont.)


The President talked with an unknown person at an unknown time between 3:51 pm and 4:17
pm.

[Conversation No. 294-22G]

     The President's schedule
          -Mitchell
          -Subway in Washington, DC
                -Daniel P. Moynihan
          -Joel T. Broyhill

[End of telephone conversation]

     District of Columbia
           -Home Rule
           -Subway

The President talked with the White House operator at an unknown time between 3:51 pm and
4:17 pm.

[Conversation No. 294-22H]

[See Conversation No. 15-39]

[End of telephone conversation]

     National economy
          -The President's program
                -Effect
                -Duration

The President talked with John B. Connally between 4:17 pm and 4:24 pm.

[Conversation No. 294-22I]

[See Conversation No. 15-40]

[End of telephone conversation]

     The President's schedule
          -Kissinger and Mitchell
                                              37

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/06)
                                                                       Conv. No. 294-22 (cont.)



     National economy

The President talked with an unknown person in Kissinger's office at an unknown time between
4:24 pm and 4:34 pm.

[Conversation No. 294-22J]

     The President's schedule
          -Kissinger

[End of telephone conversation]

     National economy
          -The President's program
                -Inflation
                -Rent Board
                      -Thomas B. Curtis
                      -Rent controls
                           -Paris
                      -Curtis
                -Democrats' actions
                -Tax cut
                -Labor unions
          -Shultz's conversation with Willie J. Usery
                -Usery's speech in St. Louis in 1960
          -Connally's views
                -Public perceptions of Administration's policy towards labor unions

     Supreme Court
          -William H. Rehnquist and Lewis F. Powell, Jr.

     National economy
          -The President's program
                -Pay Board
                     -George Meany
                -Business's reaction
                     -Stein's views

An unknown man entered at an unknown time after 4:24 pm.
                                               38

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                       Tape Subject Log
                                         (rev. 10/06)
                                                                   Conv. No. 294-22 (cont.)


     Kissinger's schedule

The unknown man left at an unknown time before 4:34 pm.

The President talked with an unknown person at an unknown time between 4:24 pm and 4:34
pm.

[Conversation No. 294-22K]

     The President's schedule
          -Mitchell

[End of telephone conversation]

     National economy
          -The President's program

Henry A. Kissinger entered at 4:34 pm.

     The President's schedule

     Kissinger's schedule
          -Prisoner of war [POW] wives

     The President's schedule
          -Mitchell and Rumsfeld

Shultz and Rumsfeld left at 4:35 pm.

     Vietnam
          -Military dispositions
                -North Vietnamese Army

Stephen B. Bull entered at an unknown time after 4:35 pm.

     The President's schedule
          -Rumsfeld
          -Mitchell
          -Broyhill

Bull left at an unknown time before 4:50 pm.
                                              39

                             NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                     Conv. No. 294-22 (cont.)



     Vietnam
          -Military dispositions
                -North Vietnamese Army
          -Bombing
                -Timing
                -People's Republic of China [PRC] initiative
                -The President’s decision
                -Thomas H. Moorer
                -Possible effect
                      -PRC, Soviet Union
                -Le Duc Tho's possible actions
          -Negotiations
                -William J. Porter's statement
                -Le Duc Tho's schedule
          -Bombing
                -Possible effect
                      -Kissinger’s view
                -PRC and the Soviet Union
                -Timing
                -Possible effect
                      -The President’s view
                           -PRC trip
                -Timing

     Soviet Union
          -William P. Rogers's statement
                -Mitchell
                -Kissinger's forthcoming conversation with Yitzhak Rabin

     Connally's schedule
         -Press conference

     Kissinger's conversation with an unknown man

     The President's schedule
          -Press conference
               -Time

Kissinger left at 4:50 pm.
                                              40

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                     Conv. No. 294-22 (cont.)