John L. Flannery Quotes
We are a company built for fair and open trade.
Flannery, John L. "GE CEO John Flannery Warns on Tariffs." CNBC, NBCUniversal, 8 Mar. 2018.
Statement made during a speech announcing tariffs on Japan who had violated semiconductor trade agreements with the US.
Democratic politicians of that era mostly opposed free trade because the experience ever since NAFTA showed that many manufacturing jobs were lost in the United States although many new jobs were created but few of these were good paying jobs that Americans with limited educations could perform as they were able to with manufacturing jobs. And during that period, the requirements for fair trade and foreign workers rights have been very poorly enforced. The Democrats split between those who thought that new trade treaties could be negotiated and enforced, correcting the problems of the past, and those who did not believe that such proper free trade was very likely.
Referring to NAFTA, CAFTA and other international trade agreements
At the time, Republicans were the protectionists and Democrats were free traders—the reverse of the party roles at the end of the 20th century and the beginning of the 21st.
In England at the time, the liberals were for free trade and the conservatives against. In both England and America both liberals and conservatives have flip flopped their roles in foreign trade several times. Free trade is a two edged sword; it aids domestic growth, employment and prosperity in some cases and hurts them on others. And there are always winners and losers for each example of free trade within any country. The result is no long term commitment and much flip flopping.
John L. Flannery (born 1962) is an American business executive. He succeeded Jeff Immelt as the eleventh CEO and tenth Chairman of General Electric, serving as CEO from August 2017 until October 1, 2018, when he was fired "effective immediately". Prior to ascending to the CEO role, Flannery held leadership roles inside GE for nearly 30 years, heading GE Healthcare, GE India and other business units throughout his career.