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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHobby Lobby Invested In Numerous Abortion And Contraception Products While Claiming Religious Object
Hobby Lobby Invested In Numerous Abortion And Contraception Products While Claiming Religious Objection
In what just may be the most stunning example of hypocrisy in my lifetime, Mother Jones has uncovered numerous investments on the part of Hobby Lobbys retirement fund in a wide variety of companies producing abortion and contraception related products.
Hobby Lobby is currently seeking relief from certain contraception benefit requirements of Obamacare in a United States Supreme Court case that promises to be a landmark decision on the rights of corporations and the extension of personal religious protections to corporate entities. In the case of the Hobby Lobby corporation, the company is closely held by the Green family who purport to have strong religious objections to certain types of contraceptive devices and are suing to protect those religious rights.
Remarkably, the contraceptive devices and products that so offend the religious beliefs of this family are manufactured by the very companies in which Hobby Lobby holds a substantial stake via their employee 401(k) plan.
As I suspect many readers will find this as hard to believe and digest as I, the data can be confirmed by reviewing the companys 2012 Annual Report of Employee Benefit Plan as filed with the Department of Labor.
This according to Mother Jones Molly Redden:
In what just may be the most stunning example of hypocrisy in my lifetime, Mother Jones has uncovered numerous investments on the part of Hobby Lobbys retirement fund in a wide variety of companies producing abortion and contraception related products.
Hobby Lobby is currently seeking relief from certain contraception benefit requirements of Obamacare in a United States Supreme Court case that promises to be a landmark decision on the rights of corporations and the extension of personal religious protections to corporate entities. In the case of the Hobby Lobby corporation, the company is closely held by the Green family who purport to have strong religious objections to certain types of contraceptive devices and are suing to protect those religious rights.
Remarkably, the contraceptive devices and products that so offend the religious beliefs of this family are manufactured by the very companies in which Hobby Lobby holds a substantial stake via their employee 401(k) plan.
As I suspect many readers will find this as hard to believe and digest as I, the data can be confirmed by reviewing the companys 2012 Annual Report of Employee Benefit Plan as filed with the Department of Labor.
This according to Mother Jones Molly Redden:
Documents filed with the Department of Labor and dated December 2012 (see above)three months after the companys owners filed their lawsuitshow that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k).
The article continues... http://www.forbes.com/sites/rickungar/2014/04/01/hobby-lobby-401k-discovered-to-be-investor-in-numerous-abortion-and-contraception-products-while-claiming-religious-objection/
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Hobby Lobby Invested In Numerous Abortion And Contraception Products While Claiming Religious Object (Original Post)
ZombieHorde
Jul 2014
OP
elehhhhna
(32,076 posts)1. they also have a son who is hawking The Bible Museum and
content to help public schools teach about it.
Travis_0004
(5,417 posts)2. Hobby lobby doesnt invest in the 401k.
Individual employees do.