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Detailed text transcripts for TV channel - MSNBC - 20120308:22:58:00

Let me finish tonight with this. i m speaking tonight at the pratt library in baltimore about my new book jack kennedy, elusive hero. 50 years ago this month, the 35th president had a bitter fight with big business in this country. worried about inflation, he cut a deal with the steel industry that if he got the united steel workers to hold back on their wage demands, u.s. steel and its corporate rivals would hold back on prices. well, having cut the deal he got word that the president of the u.s. steel, roger blou wanted to come in and see him in the white house. when the steel company executive showed up he walked into the room with the president and dropped a press release on the table announcing a big increase in steel prices right there in kennedy s face. and that s when the trouble started. recognizing the double cross, kennedy made clear what he was about to do was this. mr. blou, kennedy told the steel company big shot. when you are doing right now is ....

Jack Kennedy , Pratt Library , Us Steel , United Steel Workers , Wage Demands , Big Business , Elusive Hero , Barack Obama , Press Release , White House , Roger Blou , Big Shot ,