Date: April 18, 1973
Time: Unknown between 3:23 pm and 5:20 pm
Location: Oval Office
The President met with Stephen B. Bull.
President’s schedule
-Meeting with Henry A. Kissinger
-Jewish leaders
-Recommendations
-Paper
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Camp David
-John D. Ehrlichman
-Helicopter
George P. Shultz, Arthur F. Burns, and Ehrlichman entered at 3:24 pm.
President’s schedule
-Meeting with Kissinger
-Meeting with Jewish leaders
-Length
Bull left at an unknown time before 3:45 p.m.
Greetings
Burns’s personnel requests
-Approval by President
-Shultz
-Teamwork
-Federal Bureau of Investigation [FBI] checks
-Robert C. Holland
-James L. Robertson
-Secretary
President’s mood
-Length of day
-Congress
Wilbur D. Mills
-Shultz’s conversation concerning most favored nation
-Congressional committee
-Approval by House of Representatives
Jewish emigration’s effect on US-Soviet Union policy
-Henry M. (“Scoop”) Jackson, Jacob K. Javits, Abraham Ribicoff
-Jackson
-Sacrifices
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Arms control
-Mutual and Balanced Force Reduction [MBFR]
-Influence of Soviet Union
-Middle East
-Arms in Vietnam
-Agreement between Soviet Union and US on Jewish emigration
-President’s conversation with Kissinger concerning US Jewish community
-Nuclear arms control
-MBFR
-Peace in Middle East, Vietnam
-Anti-Semitism
-Communists
-Trust
-President’s meeting with Jackson
-John Downey’s release from People’s Republic of China [PRC]
-Relationships
-Responsibility
-Shultz’s conversation with Jackson
Kissinger entered at an unknown time after 3:24 pm.
President’s concerns
Kissinger and the President left at an unknown time before 4:06 pm.
Burns’s personnel request
-FBI checks
-Senate
-William E. Timmons
-Individual’s state of origin
-Virginia
-Carl T. Curtis
-Roman L. Hruska
-Cabinet
Jackson
-Political ambitions
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Presidency
*****************************************************************
[Begin segment reviewed under deed of gift]
Burns’s conversation with Soviet friends
-Political inefficiency
-Change in law
Jewish emigration issue
-Official statements
-States
-Jackson
The President entered at an unknown time after 3:23 pm.
Jewish emigration issue
-President’s forthcoming meeting with Jewish leaders, April 19, 1973
-Ribicoff, Jackson, Javits
-Political issue
-Possible national television [TV] broadcast by President
-Javits
-Comparison with Jackson and Ribicoff
-Strength of Jackson
-Legislation
-Discretion of President’s
-Negotiations
-Number allowed out of Soviet Union
-President’s initiatives
-Soviet Union law
-Inefficiency
-Administration
-Javit’s understanding of American Jewry
-President’s negotiations in Peking, Moscow
-Arms Control treaty
-National TV broadcast
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Jackson
[End segment reviewed under deed of gift]
*****************************************************************
National Economy
-Bank regulation
-Interest rate
-Dual schedule
-Big business compared with small business, home buyers, farmers, consumers
-Market driven rate
-Political impact
-Protection of politically important groups
-Subsidies
-Prime rate
-Pace
-Effect on legislation
-Federal Housing Administration [FHA]
-Burns’s press conference
-Public relations [PR]
-Statement
-Congressional relations
-Edward J. Patten
-Gale W. McGee
-William S. Cohen [?]
-Economic Stabilization Act
-John G. Tower, Gerald R. Ford, John J. Sparkman
-Rent control
-House of Representatives
-Possible veto
-Interest rate
-Market driven rate
-Prime rate
-Fluctuations
-Effect
-Small banks
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Traditional banking
-Stable rate
-Big business compared with small businesses, home buyers, farmers,
consumers
-National money market
-System of guidelines
-Flow of credit
-Reporting
-Pledges from banks
-Burns’s duties with Committee on International Dividend [CID]
-Chairmanship
-Federal Reserve System and the political process
-Prime rate
-Routine guidelines
-George P. Shultz
-William E. Simon
-Treasury Department
-Power of Federal Reserve over banks
-Voluntary system
-Clout
-Agreement
-Economic Stabilization Act
-Phase III Act
-Relationship with Shultz
-Pledge
-Campaign finances
-Nominees
-Czechoslovakia
-Recommendations of President
-Economic boom
-Civil disorder
-Blacks
-Students
-Crime
-Watergate issue
-Inflation
-Understanding
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Congress
-Senate
-Interest rate ceiling
-Roll backs
-Veto
-Voluntary programs
-Committee on Inflation
-Wage and price review board
-Rent controls [?]
-Incomes policy
-Political impact
-Federal Reserve
-Elections
-Quadriad meeting
-Controls
-John B. Connally’s view
-Freeze
-Political effects
-Long view held by President
-Freeze
-Wages
-Prices
-Recession
-Inflation
-Economic boom
-Federal Reserve Board
-New appointment
-Action
-Discount rate
-Banks’ requests for increase
-Economic Stabilization Act
-Congress
-Committee on Interest and Dividends [CID]
-Raise discount rate
-Effect
-Subsidies
-Loans to banks
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
Meany
-Relations with administration
-Common situs picketing
-Peter J. Brennan’s view
-Labor
-Building trades
-Steel workers
-Statements concerning wages
-Public posture
-Conversations with Shultz concerning food prices
-Wages
-Inflation
-Relationship with Shultz
-Secretary of Labor position
-Brennan’s qualifications
-John F. O’Connell
-Bechtel Corporation [?]
-Public statements
-Miami, Florida
-Reaction of building trades
-Public esteem for organized labor
-Political impact
-Congress
-Senators
-Confrontation with Meany
-Howard Survey
Forthcoming Quadriad meeting
-Price freeze
-Pierre Rinfret’s view
-Advocacy
-Effects
-Long term effects
-Phase II
-Political impact
-Phase III
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Modification
Economic indicators
-Gross National Product [GDP]
-Inflation rate
-CPI index
-Annual rate of increase
-Food prices
-Wholesale price index
-Need for political action
-House of Representatives victory
-Senate
Wilbur D. Mills
-Illness
-Fear
-Expense
-Walter Reed hospital
-Telephone call by President
An unknown man entered at an unknown time after 3:24 pm.
President’s schedule
-Quadriad meeting
-Roy L. Ash
-Herbert Stein
Unknown man left at an unknown time before 4:06 pm.
Mills
-Political ambitions
-Presidential election
-Desire to help administration
-Attention
National economy
-Price freeze
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Duration
-Wage freeze
-Cost of living
-Public response
-Price freeze
-Duration
-Inflation
-Congressional response
-Public response
-Sentiment
-Psychology
-Effect
-Businessmen
-Optimism
-Investors
-Depression
-Consumers
-Depression
-“Scissors movement”
-Burns’s reaction
-Federal Reserve’s actions
-Economic indicators
-Gross National Product [GNP]
-Rate of expansion
-Capacity
-Recession
-Psychology
-Expectation
Professional men
-Psychiatrists
Tuxedo
Ash and Stein entered at 4:06 pm.
Greetings
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
Impoundments
Wounded Knee incident
-Legal actions
-Suits
-Constitutional issues
-Hostages
-Indians
-Congressional relations
-Control
National economy
-Economic indicators
-CPI
-Food prices
-Wholesale price index
-Mood of nation
-Consumers
-Investors
-Business men
-Economic boom
-Inflation
-Status
-Comparison with August 1971
-Recession
-Inflation
-Inflation
-Price freeze
-Effect
-Psychological effect
-Long term effect
-Labor
-Food prices
-Phase II, Phase III
-Modifications
-Recommendations
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Phase III
-Duration
-Timing
-Election
-Efficacy of controls
-Market forces
-Supply and demand
-Expectations
-Presidential announcements
-Inflation rate
-Psychology
-Controls
-Possible duration
-Need for honesty
-Projections
-CPR
-WPR
-Congressional response
-Policy
-GNP
-Phase II
-Modification
-Money volume
-Political impact
-Government spending
-Public reaction
-Inflation
-Budget
-Receipts
-Deficits
-Need for fiscal restraint
-Federal Reserve
-William McChesney Martin, Jr.
-Sentiment of American people
-Government action
-Prosperity
-Confidence in government
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Congress
-Economic Stabilization Act
-Frustration of American people
-Price statistics
-Inflation
-Government action
-Political impact
-Phase II
-Modifications
-Rent controls
-Small business
-Pre-notification
-Cost of Living Council’s [COLC] power
-Wages and prices
-Leadership by President
-Perception of Congress
-Economic Stabilization Act
-Expansion
-Phase III
-Pre-notification
-History
-Explanation
-Food price statistics
-Labor and management statement
-Congress
-Newspapers
-COLC action
-Administrative stance
-Price increases
-Study of business
-Pre-notification
-Wage and price controls
-Inflation
-Long term trend
-Business cycle
-Price advantages
-World-wide phase
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Raw materials prices
-Devaluation
-Industrial prices
-Products
-Economists’ predictions
-Need for Presidential leadership
-Consequences
-Election
-Franklin D. Roosevelt
-Economic thinking
-Herbert C. Hoover
-Political impact
-Phase II
-Pre-notification
-COLC action
-Individual cases
-Choice
-Wage and price increases
-Name for new program
-Phase IV
-Pre-notification
-Burns’s recommendation
-Price freeze
-Duration
-Public reaction
-Meat price ceiling
-Trade unions
-Business practices
-Antitrust laws
-Enforcement
-Penalties
-Fines
-Trade unions
-Monopolies
-Public reaction
-Temporary nature of President’s controls program
-President’s leadership role
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. July-2012)
-Pre-notification
-Free market direction
-Confidence
-Controls
-Free market
-Corporations and trade unions
-Monopolies
-Banks
-Competition
-Brennan
-Meany
-Trade unions
-Corporations
-Farmers’s organizations
-George W. Romney
-Speech
-Congressional action
-Lobbyists
-Labor
-Business
-Two vetoes before Congress
-William J. Baroody’s activities with business lobbyists
-Influence
-Cattlemen’s visit to Carl B. Albert
The recording cut off at an unknown time before 3:12 pm.
An unknown portion of this conversation was not recorded while the audiotape reels were
changed.
[Continued on Conversation No. 901-1]