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1553374
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February 19, 1976 - Ford, Representative Otto Passman, OMB Director James Lynn
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1553374
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document
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February 19, 1976 - Ford, Representative Otto Passman, OMB Director James Lynn
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Memoranda of Conversations (Nixon and Ford Administrations)
Ford Administration Memoranda of Conversations
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Indonesia
Israel
Jordan
Syria
Egypt
Foreign aid
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1553374
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19
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1976-02-19
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2
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1976
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19
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1976-02-19
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2
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1976
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File scanned from the National Security Adviser's Memoranda of Conversation Collection at the Gerald R. Ford Presidential Library
MEMORANDUM
THE WHITE HOUSE
WASHINGTON
MEMORANDUM OF CONVERSATION
PARTICIPANTS:
President Ford
Rep. Otto Passman, D-LA
James Lynn, OMB Director
Don Ogilvie, Deputy Director, OMB
Max Friedersdorf, Assistant to the President
for Legislative Affairs
Brent Scowcroft, Assistant to the President
for National Security Affairs
DATE AND TIME:
Thursday, February 19, 1976
7:40 - 8:45 a.m.
PLACE:
The Oval Office
Passman: I am worried about the House International Relations Com-
mittee putting a minimum under these multi-national lenders, whose
reserves have multiplied fantastically.
The Export-Import Bank is a good outfit, but when you have
25-year loans, that is aid. On bilateral aid, the money comes back into
the Treasury. On the multi-nationals none of it comes back into the
Treasury and we can't audit it and we get no credit for it. I know it
supports our foreign policy and I didn't come down here to bitch about it.
I have never seen pressure like there is from Israel, especially
on Transitional Quarter this year.
President: We don't think they need it. We looked at it and added some
in '77. The Senate Foreign Relations Committee screwed up the bill,
but if the proportions are changed, we will veto.
Passman: I thought about 1.5 for Israel and $700 for economic aid
which is a cut of only 50 million. Then I would cut 100 out of Egypt, be- -
cause they got the oil fields back, which are worth about $350 million.
2.
President: But the oil belonged to them.
Passman: 80 for Syria, and 72. 5 for Jordan. We are increasing Egypt
plenty. They didn't used to get anything.
Scowcroft: But they used to get it from the Soviet Union. They don't
get that anymore.
Lynn: That is right, and they were very courageous in cutting loose
from the Soviet Union.
Passman: All right, let's raise the Egyptians to 700.
I want you to raise schools and hospitals for '76 and '77 by 10
million. These are really good projects. Not a penny is wasted. Help
me out. These are peanuts.
President: Do you want to hurt Indonesia?
Passman: If I had my way they wouldn't get a dime.
President: They are important and have been very good.
Passman: Okay, I will protect it.
President: If you cut the Middle East, it must stay proportional.
[Program discussion]
I will give you 10 million for '76. You don't need the '77 yet.
2
P/ tt. Passman/hyungun Ogilure/
Feb 76
Pa
don creasing almot HIRE patty - enolu
these uniti buder, whose userves have multighed
funtustrially
X-m is a good anifit but when you have 25 yr
loons, chat is and On balaterol, C money comes
be us into c etc Treasury. On multi- now evenes
back into - Tras, we can't andit it & we get no
cribit for it it supports our FP+ I didn't
come down here of birth about it.
I hand over the persons his ohmer is esp on
TQ this you
P
We dnit think Shy mid it. we Sooked at it + Gold
The SFRC firerved up C bill
from in 77, but if C performs and changed, and
and ruto.
Pa
& tht about 1.5 Por I & 700 lem. a ent of only 50-enil
Then 2 would ent 100 out of E, camel they got-
and firlds bank worth 350mil
P
Best onl belonged to then.
Pa
Wean increasing I planty they due list pteml Agetomy book the
80 for segin, 72. 5 for Jordn
used
S
B-T they rel sqit it from C SJ, They don't get
that any were
L
That is uphrs an l they inducing energives in
cutting lage from c SU
to
all M phr, lots in c E 40 700
2 wondyan to raise scholot help fn 76 + 77 by 10 oral
These our early good projects wife pering wasted
Hill meant- these is penerate,
P
for wont hest Indinisia?
FORD
LIBRARY'S &
Pa If 9 had my any they wonldn't get a dive,
P
They and important of have ben very yess.
Pa
ok, 2 well partect it.
P
of you ent NIE, it must stay proportined
(Program dycussion
P
In
P
Imil give you 10 unit for 76. your don't mude
77 yet,
FORD LIBRARY & GERALD