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This Copy For PRESIDENT RICHARD M. NIXON'S NEWS CONFERENCE #16 Held at the Western White House San Clemente, California May 1, 1971 AT 10:00 A.M. PDT (Saturday) Official White House Transcript THE PRESIDENT: Good morning, ladies and gentlemen. I thought this morning that it would be well to give those who particularly are members of the White House Press Corps, and others, of course, who are here, who joined us in California, an opportunity to follow up on the press conference we had Thursday. After that conference, I noted that there were only one or two questions out of all the questions that were asked, of the 18 or 19, that were in the field of domestic policy. So, consequently, so that you can have a chance to follow up in the domestic field, we will limit this conference to domestic policy questions, any area that you would like to explore in that particular case. I note that you are all standing. I understand that for the purpose of this conference, to get recognition, if you will simply hold your hand up, or speak up, either one, I will recognize you. I think Mr. Cormier has the first question. QUESTION: Mr. President, on the basis of the first quarter GNP figures which were up sharply, Director Shultz saw the basis for a broad expansion. Some others in your Administration said, "Well, it is too early." "One swallow doesn't make a spring," and what have you. What is your view on that?