Date: June 7, 1973
Time: 7:33 pm – 7:41 pm
Location: White House Telephone
The White House operator talked with the President.
Incoming telephone call
The President talked with John B. Connally.
Connally’s schedule
National economy
-Wholesale Price Index
-Increase
-Need for action
-Telephone calls to George P. Shultz
-Labor, industry opposition to wage and price freeze
-Price freeze
-Wholesale Price Index
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
-Industrial commodities compared with food
-Food
-Compared with Phase II price controls
-60-day freeze
-Congressional legislation
-Phase II price controls
-Exceptions
-Compared to Phase III
-Inflation
-Connally’s prediction
-President’s support
-Need for action
-Tax surcharge
-Exemptions
-Effect
-Consumer credit
-Inflation
-Effects on production
-Chemical industry
-Paper mills
-Newspaper supply
-Rationing
-West Coast
-Need for comprehensive action
-Connally’s assessment
-Congressional legislation
-Labor opposition
-Wage freeze
-Controls
-Profits
-Prices
-Freeze
-Increases
-Ceiling
-Compared to wages
-Impact
-Cost of Living Council [COLC]
-Connally’s role
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NIXON PRESIDENTIAL LIBRARY AND MUSEUM
Tape Subject Log
(rev. February-2011)
-Meeting with Shultz, Peter J. Brennan
-Deliverables
-Price freeze
-Free market competition
-COLC meetings
-President’s forthcoming speech on national economy
-Need for action
-Price freeze
-Roy L. Ash’s viewpoint
-Shultz’s support
-60-day freeze
President’s schedule
-Trip to Key Biscayne