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  Steel not to institute the price inc

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lynk2510




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PostSubject: Steel not to institute the price inc    Steel not to institute the price inc Icon_minitimeWed Mar 23, 2011 4:28 am

ying, "Why did they do this? Do they think they can get away with this? God, I hate the bastards." The president took personal charge of a campaign against the industry, assigning to each cabinet member a statement regarding the effects of the price increase on their area. Robert Kennedy, echoing his brother's own sentiments, "We're going for broke...their expense accounts, where they've been and what they've been doing...the FBI is to interview them all...we can't lose this."[145] Robert took the position that the steel executives had illegally colluded in doing this. There was genuine concern about the inflationary effects of the price increase. The administration's actions influenced US Steel not to institute the price increase.[146] The Wall Street Journal wrote that the administration had acted "by naked power, by threats, by agents of the state security police."[147][page needed] Yale law

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