Date: December 5, 1972

Time: 10:15 am – 11:38 am

Location: Executive Office Building

The President met with George P. Shultz and John D. Ehrlichman. The White House

photographer was present at the beginning of the meeting.

Greetings

Economy

-Cost of living

-Wage and price controls

-Shultz’s message from the President

-Arthur F. Burns

-Shultz’s conversations with John B. Connally, Burns, and Pierre Rinfret

-Public relations [PR]

-30-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Food prices

-Burns

-Congressional relations

-Meat import quotas suspension

-Increase of oil import quotas

-Rice

-Guidelines

-Construction industry

-Medical care

-Food prices

-Government action

-Food prices

-The President’s conversation with Gerald R. Ford

-Meat import quotas suspension

-Earl L. Butz

-Cattlemen

-Structure of controls

-Inflation

-Big companies and unions

-Food prices

-Medical care

-Food prices

-Rinfret

-Construction industry

-Shultz’s memorandum

-Donald F. Rumsfeld

-Burns

-Conversation with Shultz

-Food prices

-Quotas

-Price Commission

-Term-limit price controls

-Internal Revenue Service [IRS]

-Enforcement

-PR

-Decontrol

-Inflation fight continuation

-Controls change

-Phase III

-Inflation fight “continues”

-31-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Substance

-Decontrol

-Cost of Living Council [COLC]

-John T. Dunlop

-Conversation with Shultz

-Rumsfeld

-Labor unions

-Food prices

-Rinfret

-Rinfret’s support

-1972 campaign

-Labor relations

-George Meany, Frank E. Fitzsimmons, Leonard Woodcock

-Disputes

-Settlement

-Strikes

-Peter J. Brennan

-Milton Friedman’s view

-Tightened controls

-April 1973

-End of controls

-Psychological effect

-Labor relations

-Avoiding conflict

-Business council

-Frederick B. Dent

-Confirmation

-Profit system

-Consultations

-Meany

-Brennan

-Fitzsimmons

-Productivity Commission

-Meany

-John H. (“Jack”) Lyons

-Phase II

-Dunlop

-Peter G. Peterson

-Meany’s view

-Industry labor-management groups

-32-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Steel

-I[lorwith] W[ilbur] Abel

-Shultz’s role

-Brennan

-Confirmation

-Dent, Brennan

-Timing

-State of the Union address

-1973 Inauguration

-Pre-January 1, 1973

-Christmas

-Congressional reconvention

-Christmas

-Productivity Commission meeting

Commission on Industrial Peace

-Dent, Brennan

-Timing

-Membership

-Names

-Size

-Experience

-George S. McGovern supporters

-Labor relations

-Woodcock

-Productivity Commission

-Netrual intellects

-Business

-Professors

-1972 election

-McGovern supporters

-Economists

-Newspaper advertisement

-Rinfret

-PR

-Conversation with Shultz

-Interest in administration position

-Visibility, status, perquisites, access to the President

-Importance

-The President’s view

-33-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Meany’s view

-Labor-management relations

-Membership

-Charles W. Colson’s lists

-Business, labor

-Donald McI Kendall

-Frederic V. Malek

-Roy L. Ash

-Labor, management

-Congressional relations

-Philip M. Landrum ­ Robert P. Griffin Act

-Farm labor bill

Economy

-Wage and price controls

-Timing

-Christmas

-Sales

-PR

-Inflation

-Budget

-Inflation

-Phases

-Phase III

-Continuation of law

-Method

-Speculation

-Phase III

-Budget

-Spending ceiling

-Phase III

-Christmas

-Continuation of law

-Inflation fight continuation

-Congressional relations

-Comprehensiveness

-Voluntarism

-Labor relations

-Meany, Fitzsimmons, Brennan, Dent

-Shultz’s role

-34-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-John B. Connally’s view

-Politics, psychology

-Labor relations

-Business

-Conflict

-Pay Board, Price Commission

-Meany

-Colson’s role

-Politics

-Conflict

-Announcement

-Timing

Revenue sharing

-Issuance of first check

-Timing

-Congressional relations

-Treasury Department briefing

-Announcement

-Information update

-Customer and tax packets

-Congressional relations

-Democrats

-House of Representatives

-Senate

-Republicans

-Southern Democrats

-James E. Smith

-Charles H. Percy

-Amounts

-Change

-Data

-New York City

-Suburban areas

-Chicago

-Indianapolis

-Richard G. Lugar

-Los Angeles County

-Samuel W. Yorty

-Congressional relations

-35-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

Second term reorganization

-Treasury Department

-Charls E. Walker and Eugene T. Rossides

-Announcement

-Timing

-Ronald L. Ziegler

-Department of Housing and Urban Development

[HUD]

-Walker

-Congressional relations

-Lobbying activities

-Relations with administration

-Possible meeting with the President

-Handshake

-Expression of gratitude

-Photograph session

-Treasury Department

-William E. Simon

-Announcement

-Solomon Brothers

-Resignation

-Conflict of interest

-Fraud

-Edward L. Morgan

-Rossides

-Edwin S. Cohen

Congressional relations

-Shultz’s possible trip to Arkansas

-Wilbur D. Mills

-Russell B. Long

-Shultz’s conversation with Mills

-House Ways and Means Committee agenda

-Trade

-Taxes

-Health

-Pension portability

-Unemployment insurance

-Tax credits for private schools

-36-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Property taxes, tax reform

-Health

-Trade

-Most Favored Nation [MFN] status

-General Agreement on Tariffs and Trade [GATT]

-Restrictions

-MFN

-Soviet Union

-Compared to liberalization

-GATT

-Europe

-Oil prices

-Liberalization

-International monetary relations

-Tariff reduction

-Presidential discretion

-General resolution

-Treasury Department

-Deals

-Ratification

-Effect on negotiations

-Concessions

International economic relations

-Trade

-Countervailing duty legislation

-Michelin

-Canada

-Announcement

-State Department

-Japanese

-Electronics

-South Koreans

-Sneakers [tennis shoes]

-Surplus

-Henry A. Kissinger

-Politics

-William J. Casey

-Japan

-Economic, political, military considerations

-37-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Kissinger

-“QT”

-Canada

-Jobs

-Auto pact

-Negotiations

-Agreement

-Cancellation

-Duration

-Michelin

-Latin America

-Expropriations

-Peru

-Company worries

-David Packard

-New government

-January 1973

-Settlement

-Loans

-National Security Council [NSC]

-Chile

-Hardline

-Multilateral organizations

-Latin America

-World Bank

-Robert S. McNamara

-Replacement

-Inter-American Development Bank [IADB]

-Pledge

-Emilio Garrastazu Medici of Brazil

-Increments

-Congressional relations

-Appropriations

-Continuing resolution

-Review

-Compared to bilateral agreements

-US relations

-Control

-Latin America

-IADB

-38-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Asian Development Bank

-IADB

-United Nations [UN]

-Budget cuts

-Effect

-UN Development Program

-Rudolph A. Peterson

-US foreign policy

-World Bank

-McNamara

-Latin America

-IADB

Second term reorganization

-Peter G. Peterson

-H. R. (“Bob”) Haldeman

-Ambassadorship to North Atlantic Treaty Organization [NATO]

-Donald H. Rumsfeld

-David M. Kennedy

-Need for full-time person

-Cabinet rank

-“Super ambassador”

-Rumsfeld

-UN ambassadorship

-Job performance

-Soviet Union

-Departure

-Leaks

-Washington Post

-Dent

-James T. Lynn

-Ehrlichman

-Departure

-Means

-Kissinger’s view

-Living abroad

-Personal reasons

-Possible trip

-East-West negotiations

-Soviet Union, Poland

-39-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Report

-European Economic Community [EEC], Soviet Union, Poland

-Role as President’s special representative

-Poland

-EEC

-Japan

-East-West trade

-Moscow

-US-Soviet Union gas deal

-Kissinger

-Soviet Union

-US-Soviet Union summit

-Europe, Japan

-East-West trade

-US-Soviet Union gas deal

-Peter M. Flanigan

-Connally

-Commerce Department

-Shultz

-Kissinger

-White House

-Connally

-Kissinger

-Armand Hammer

-Economics

-Companies’ interests

-Government guarantees

-Export-Import [Ex-Im] Bank

-Connally

-Commerce Department

-Soviet Union

-Connally

-Europe, Japan

-East-West trade

-Role as President’s special representative

-EEC, Japan

-Recommendations

-Speeches, press conferences

-Contacts

-Shultz, Flanigan, Kissinger

-40-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Rumsfeld

-Ambassadorship to NATO

-Peterson’s possible trip

-EEC-NATO ambassadorship

-[Joseph A. Greenwald]

-State Department

-Feasibility

-Rumsfeld

-Departure

-US economic representation in industrial countries

-William J. Casey

-Rogers

-Soviet Union

-Maurice H. Stans

-Europe

-Japan

-Asian countries

-Latin America

-Brazil

-Mexico

-Japan

-Philippines

-Indonesia

-Casey

-State Department

-East-West trade

-US-Soviet Union summit

-US economic representation

-Public statements

-Purpose

-Recommendations on broad policy

-EEC, Asia

-European community

Stephen B. Bull entered at an unknown time after 10:15 am.

The President’s schedule

Bull left at an unknown time before 11:38 am.

-41-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

Second term reorganization

-Peterson’s possible trip

-Recommendations

-EEC-NATO ambassadorship

-James D. Hodgson

-US economic representation

-US policy

-Cartels, anti-trust

-Report

-Duration

-Timing

-Confirmation of Secretary of Commerce

-Spring 1973

-Announcement

-Speculation

-Sally (Hornbogen) Peterson

-Travel

-Presidential plane

-Kennedy

-Commercial

-Special plane

-Europe

-Paris

-Attache planes

-Japan, Indonesia

-NATO

-US economic representation

-Consultations

-Rogers

-[David] Kenneth Rush

-Casey

-State Department

-Shultz

-Kissinger

-Flanigan

-Role as President’s special representative

-Ambassadorship

-Ehrlichman’s schedule

-Meeting with Warren E. Burger

-Robert H. Bork

-42-

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. July-08)

-Experience

-Erwin N. Griswold

-Richard G. Kleindienst

-Charles S. Rhyne

-Supreme Court

-Age

-Paul Klein [?] [sp?]

-McGovern

-John B. Davis, Jr. [?]

-L[ouis] Patrick Gray, III

-Clifford P. Case

Shultz and Ehrlichman left at 11:38 am.