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December 04, 1981
An easy day. Meeting with leaders of Steel industry. Persuaded them to let us deal with Europe’s dumping of 3 1⁄2 mil. tons of subsidized steel on our mkt. They wanted to go at them with law suits. John Simpson sworn in today as S.S. Chief. Meeting on ec. policy. ? is how to make people & Cong. understand that our program offers the best chance to get out of the recession. Signs are all there—inflation falling, int. rates dropping— Feds. discount rate down to 12. A most enjoyable dinner (about 12) mainly old Hollywood friends on hand for the annual awards Sun. at Kennedy Center—the Stewarts, Grants, Fairbanks etc. After dinner gave them a W.H. tour. They were enthused about all that Nancy & Ted have accomplished.