Hobby Lobby invests in contraceptive, abortion drug manufacturers

[Panich52]

Daily Kos

Hobby Lobby invests in contraceptive, abortion drug manufacturers

It's peculiar how a group of individuals who are so devoted to their religious beliefs that they demand the very laws of the nation be rewritten to accommodate them can be so lax about those same religious beliefs if ignoring them will net them a little dough.

Documents filed with the Department of Labor and dated December 2012—three months after the company's owners filed their lawsuit—show 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).

Several of the mutual funds in Hobby Lobby's retirement plan have holdings in companies that manufacture the specific drugs and devices that the Green family, which owns Hobby Lobby, is fighting to keep out of Hobby Lobby's health care policies: the emergency contraceptive pills Plan B and Ella, and copper and hormonal intrauterine devices.

So the company demands it not have to pay for any employee insurance that might purchase such things, but investing in their manufacture? Not a problem.

Oh, but it gets worse. The assertion from Sharia Lobby is that whether or not those contraceptives actually cause abortions, the company owners have a religious belief that they do, so the law must not only be rewritten to eliminate the possibility of the company spending money on abortifacients but rewritten to allow the company to deny insurance for anything that the company feels is an abortifacient. What's still all right, at least from the investor side of things, is actual abortions.

More
https://www.dailykos.com/story/2014/04/01/1288906/-Hobby-Lobby-invests-in-contraceptive-abortion-drug-manufacturers?detail=emailclassic



What fkn hypocrites!


X p GD

[TlalocW]

1. You don't understand

Yes, they could invest in mutual fund packages that don't invest in companies that manufacture things they morally object to - they're out there, anti-abortion ones, pro-environment, etc., but they don't make as much money. That's their true god.

TlalocW