Date: February 7, 1973

Time: 2:35 pm – 3:07 pm

Location: Executive Office Building

The President met with George Shultz and John D. Ehrlichman.

Budget

-Congressional hearings

-Publicity

-Televised hearings

Economic policy

-The President’s meeting with Colson

-Taxes, trade

-New York Times article

-Developments

-Monetary powers

-Discussions

-Devaluation

-Compared to August 1971 action

-Problem

-International crisis

-Leadership

-Trade

-Trade package

-Compared to August 1971 action

– 21 –

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. Aug.-09)

-Public reaction

-Ports

-Jobs

-The President’s forthcoming speech

-Trade package, devaluation of the dollar

-Public relations

-Form of announcement

-News leads in August 1971

-Freeze in wages and prices

-Dollar devaluation

-Surcharge

-News leads for new policy

-Trade

-Devaluation

-Complications

-Timing of remarks

-Positive stories

-Compared to August 1971 action

-Announcement

-Radio talk compared to press conference

-Newspapers

-Television [TV] excerpt

-Trade

-Foreign imports into US markets

-Competitive goods

-Global audience

-Rhetoric

-Appeal to Congress

-Discussions before announcement

-Leaks

-Recommendations from others

-Devaluation decision

-Final decision

-Consultation with Arthur F. Burns, Herbert Stein [?], Roy

L. Ash, Quadraid

-Congressional relations

-Wilbur D. Mills

– 22 –

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. Aug.-09)

-Russell B. Long

Manolo Sanchez entered at an unknown time after 2:35 pm.

Refreshments

Sanchez left at an unknown time before 3:07 pm.

Economic policy

-Congressional relations

-Mills, Long

-Ehrlichman

-Taxes

-Welfare reform

-Health programs

-Schultz

-The President’s meeting with Long

-Groundwork

-Ehrlichman’s [?] call to Wallace F. Bennett

-Long

-Herman T. Schneebeli

-John W. Byrnes

-Mills, Long

-Welfare reform

-Senate

-Caspar W. (“Cap”) Weinberger

-White House staff

-Schultz’s role

-Ehrlichman, William E. Timmons, Ash

-Trade package

-Confidentiality of devaluation decision

-Ash

-Trade package

-Timmons

-Henry A. Kissinger

-Kissinger’s trip

-Knowledge of devaluation decision

– 23 –

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. Aug.-09)

-Cable

-Kakuci Tanaka

-Gen. Brent G. Scowcroft

-John T. Dunlop

-Scowcroft

-Kissinger’s role

-William P. Rogers, Burns

-Kissinger’s trip to Japan

-Vietnam

-Kissinger’s opinion of Treasury Department

-Post-war reconstruction

-Ideas

-North Vietnam

-Long term plans

-Japan

-North Vietnam

-World Bank, Asian Development Bank

-Ehrlichman’s meeting with Kissinger

-H. R. (“Bob”) Haldeman

-Secretary of State, Secretary of Treasury, NSC

member

-Kissinger’s understanding of monetary issue

-International Monetary Fund [IMF]

-Workload

-The President’s schedule

-Dunlop’s swearing-in

-Committee involvement

-Summit with Union of Soviet Socialist Republics [USSR]

-Strategic Arms Limitation Treaty [SALT II}

-Vietnam settlement

-Involvement in policy

-Europe, Japan, US

-Common bond

-Economy

-Demeanor at meetings

-Rogers

-Eisanku Sato

– 24 –

NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. Aug.-09)

-Devaluation

Tax policy

-The President’s schedule

-Vice President Spiro T. Agnew

-Checklist

-Simplified minimum tax proposal

-Capital gains reduction

-Tax package

-Meeting with Dunlop

-Minimum tax

-Reduction of top rate

Stephen B. Bull entered at 3:05 pm.

The President’s attendance at swearing-in ceremony

Bull left at 3:06 pm.

James R. (“Jimmy”) Hoffa

-Frank Fitzsimmons

-Newspaper article

-Tucson

-Hoffa’s release from prison

-Ehrlichman’s role

The President, Shultz, and Ehrlichman left at 3:07 pm.