her'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 professor Charles Reich wrote in The New Republic his opinion that the administration had violated civil liberties by calling a grand jury to indict US Steel for collusion so quickly.[147][page needed] A New York Times editorial praised Kennedy's actions and said that the steel industry's price increase "imperils the economic welfare of the country by inviting a tidal wave of inflation."[148] Nevertheless, the administration's Bureau of Budget reported the price increase would have resulted in a net gain for GDP as well as a net budget surplus.[149]
Kennedy had little knowledge of the agricultural sector of the economy, and farmers were definitely not on his list of priorities, at least in his 1960 campaign. After giving a speech to a farming community, he rhetorically asked an aide, "Did you understand any of what I just said in there? I sure didn't."[150]
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