Monday, June 6, 2016

Aetna

It is hard to be positive talking about Connecticut and Hartford these days.  The city and state can't stop spending, have big budget deficits and high debt.  The solution is always to raise taxes on companies and wealthy folks, to the cheers of politicians and residents who don't understand economics.  That works until companies and wealthy residents get fed up and leave.


The latest worry is about Aetna, a cornerstone of good Hartford jobs since 1853.  Aetna is buying Humana and has promised to relocate many jobs to Louisville.  But, Hartford is the "Insurance Capital," right?  Aetna's CEO says Hartford is its headquarters . . . for now.  Too late,
the politicians are scrambling to figure out how to keep Aetna.  Idiots.

7 comments:

Kate said...

It is discouraging, isn't it?

bill burke said...

Unfortunately more and more businesses are doing that.

RedPat said...

Politicians always seem to be thinking more about getting reelected rather than what is really needed to be done.

William Kendall said...

Oh, brother...

In regards to your comment from the other day, I think the tree outside that church is either cherry or crab apple. It looked quite different yesterday with the blossoms gone.

Michelle said...

Sad to hear about Aetna. Things are a mess in so many cities these days.

jennyfreckles said...

I think once a place starts going 'down' like that it is hard to turn the momentum around. How sad, as it has always looked like a lovely city to live and work.

Kay said...

When Bank of America was bought up the promise was to keep its headquarters in San Francisco where it had been founded by A.P. Giannini in the early 20th century. I can't recall the buyer but almost before the ink was dried on the deal they'd canned the BofA president and moved it to somewhere on the east coast. Giannini almost single handedly saved San Francisco's financial bacon after the 1906 earthquake when he emptied the bank's vaults and hauled everything out of town on a wagon. The bank was synonymous with San Francisco...at least in the eyes of San Franciscans. (I went to A.P. Giannini Jr. High School.)