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Conversation 001-087

TapeTape 1StartWednesday, April 14, 1971 at 7:55 PMEndWednesday, April 14, 1971 at 7:57 PMTape start time03:03:14Tape end time03:04:46ParticipantsNixon, Richard M. (President);  Flanigan, Peter M.Recording deviceWhite House Telephone
AI Summary

President Nixon and Peter M. Flanigan discuss the recent rise of the Dow Jones Industrial Average, noting that it has surpassed its January 1969 levels. Nixon expresses frustration that industry leaders like Donald Regan and Bernard Lasker are not publicly vocalizing optimism regarding this economic recovery. Consequently, Nixon tasks Flanigan with encouraging these figures to take a more positive public stance and potentially communicate their support to the White House.

Stock marketEconomic policyDow Jones Industrial AverageDonald T. ReganBernard J. LaskerPublic relations
AudioNARA Description

On April 14, 1971, President Richard M. Nixon and Peter M. Flanigan talked on the telephone from 7:55 pm to 7:57 pm. The White House Telephone taping system captured this recording, which is known as Conversation 001-087 of the White House Tapes.

Nixon Library Finding Aid
Conversation No. 1-87

Date: April 14, 1971
Time: 7:55 pm - 7:57 pm
Location: White House Telephone

The President talked with Peter M. Flanigan.

     Stock market
          -Donald T. Regan
          -Bernard J. (“Bunny”) Lasker
          -Increase
Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

Mr. Flanagan, sir.
Yes, sir.
Hope you noted that I went to 932 today.
Well, I'm just going to have to get out of this business and take your advice anytime I hear you making predictions.
Let me just suggest, though, that this is now time for fellows like Regan and Lasker and a few others.
They ought to be calling in to us and saying, well...
You know, tell me a little positive about that.
I know that today, as you talked about it to Regan, he was, you had to drag it out of him.
Yeah, here we are.
Well, no, he was all right, but he was coming through over CD lines.
It was all right.
But the point is that here they are with the Dow is now up 300 points from the low.
More important, it's two points above what it was when we came into office.
I didn't realize that.
January 20th, it was at 930.
January 20th of 69, 9.30.
Now it's 9.32.
No, and I think they ought to start talking pretty damn positively, you know, up there.
Those guys should be feeling pretty good, and they ought to say so.
Yes, I agree with that.
I agree with that, and they ought to be making waves through the rest of the economy, because they're the people who... Talk about Bunny Lasker.
Tell him that he ought to...
Maybe a few of those guys ought to write me a letter or something, or, you know... You bet.
Or something they could do.
Okay?
Yes, sir.
I'll do it.
Fine.
That's good.
I'm sorry I didn't think about that when we came in.
Okay.
Bye.
Okay, Pete.
Thank you.
Bye-bye.
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