On March 23, 1972, President Richard M. Nixon and members of the Cost of Living Council, including John B. Connally, Herbert Stein, Donald H. Rumsfeld, J. Philip Campbell, Peter G. Peterson, James D. Hodgson, George W. Romney, George P. Shultz, Gen. George A. Lincoln, Virginia H. Knauer, Arthur F. Burns, James W. McLane, Albert E. Abrahams, Joseph Mullaney, Marvin H. Kosters, Richard B. Cheney, James Connor, Richard J. Alfultis, Donald Smith, Clark MacGregor, William L. Gifford, Charles R. Perry, and the White House photographer, met in the Cabinet Room of the White House at an unknown time between 3:02 pm and 3:56 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 096-004 of the White House Tapes. Topics include: The President met with John B. Connally, Herbert Stein, Donald H. Rumsfeld, J. Philip Campbell, Peter G. Peterson, James D. Hodgson, George W. Romney, George P. Shultz, General George A. Lincoln, Virginia H. Knauer, Arthur F. Burns, James W. McLane, Albert E. Abrahams, Joseph Mullaney, Marvin H. Kosters, Richard B. Cheney, James Connor, Richard J. Alfultis, Donald Smith, Clark MacGregor, William L. Gifford, and Charles R. Perry; the White House photographer was present at the beginning of the meeting [Recording begins while the conversation is in progress] [Previous archivists categorized this section as unintelligible. It has been rereviewed and released 08/22/2019.] [Unintelligible] [096-004- W001] [Duration: 3m 21s] The President Greeting Texas [?] Head scratching Priest [?] [This portion of the tape is mostly tape noise with some muffled background conversation.] National economy - US Department of Agriculture [USDA] - Food prices - Announcement - Cattle - Pay Board - Structure - The President's schedule - Meeting - Connally - Shultz - Rumsfeld - Stein - Pay Board - Price Commission - Members - Public board - Corporations - Cost of Living Council [COLC] - Politics - Democratic candidates - Pay Board - Prices - Leaders - Public interest - Private and public interest - Cost of living - Control - Phase I and Phase II - American people - Wage earners - Support - Council - Public statements - Pay Board - Members - Role - Success - The President - American Federation of Labor- Congress of Industrial Organizations [AFL- CIO] convention - Labor - Cooperation - Public board - Wage- Price controls - Longshoremen - Pay increase - Percentage - Interest of the American people - Wage- Price controls - Food prices - Increases - Percentages - Last six months - Employment - Real earnings - Senators - Press statements - Pay Board - White House - Organized labor - William L. Safire - New York Times - Inflation - Bargaining - Give and take - Burns - Dividends - Guidelines - Percentages - Interest rates - Mortgages - Dividends - Mortgage bankers - Mandatory controls - Congress - Voluntary restraint - Congress - Burns - Testimony before Congress - Interest rates - Student loans - Automobiles - Housing - Money market rate - Employment - Food prices - Wholesale prices - Retail prices - Wholesale and retail value - Percentages - Farm retail - Value - The farmer - Benefits - Secretary of Agriculture - Farmers - Farm prices - World prices - Increase in food prices - Administration role - Disposable income - Eggs - Meat - Tricia Nixon Cox and Edward R. F. Cox - Dinner - The President - Beef and chicken - Connally's neighbor - Cost of food - Farm costs - Poultry and eggs - Retail - Profit margins - The farmer - Farm income - Future - August, 1972 - Farm prices - Past compared with present - Wholesale compared with retail - Food prices - Washington, DC - Comparisons - Politicians - Food prices - Concern - Connally - Food chains - Farmers - Controls - Retail - Rumsfeld - Statement - Connally - Price of shoes - Comparison - Predictions - USDA - Department of Commerce - Controls - Prices - Council on International Economic Policy - Purchasing power - COLC - Price control - Appropriations Committee [Previous archivists categorized this section as unintelligible. It has been rereviewed and released 08/22/2019.] [Unintelligible] [096-004- W002] [Duration: 19s] [Tape malfunction] National economy - Argentina - Hoof- In- Mouth disease - Cattle - Export control - Prices - Shoes - Agreement - David M. Kennedy - Spain - Exports - Farmers - Export controls Recording ends at an unknown time before 3:56 pm, while the conversation is in progress. Participants: Nixon, Richard M. (President); Cost of Living Council; Connally, John B.; Stein, Herbert; Rumsfeld, Donald H.; Campbell, J. Philip; Peterson, Peter G.; Hodgson, James D.; Romney, George W.; Shultz, George P.; Lincoln, George A. (Gen.); Knauer, Virginia H.; Burns, Arthur F.; McLane, James W.; Abrahams, Albert E.; Mullaney, Joseph; Kosters, Marvin H.; Cheney, Richard B.; Connor, James; Alfultis, Richard J.; Smith, Donald; MacGregor, Clark; Gifford, William L.; Perry, Charles R.; White House photographer.
- Parte de White House Tapes: Sound Recordings of Meetings and Telephone Conversations of the Nixon Administration, Cabinet Room Sound Recordings