Summary

Gerald Ford President Ford–Cabinet memcon (1974)

We can't be tied in our actions to the international community, but we should attempt close cooperation.
Secretary Kissinger: I don't know the economics, but Schmidt is our strongest ally in Europe. He is convinced that the whole western world is in a financial crisis. I think you should coordinate with him before taking any action -- and at your level. I think he would agree with what we want to do and I would run any proposals by him.
Amb. Rush: I concur.
*⁠*⁠*
Secretary Lynn: All the mayors and other local people will say "Take it out of Defense and foreign aid."
Source: Wikisource

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