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Wow! According to an analysis of financials for Hobby Lobby. Reporters for Mother Jones discovered $73 million in mutual funds with investments in the companies that manufacturer contraceptives including emergency contraceptive pills, intrauterine devices, and drugs used to perform abortions.
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.
Hobby Lobby contributes to their employees' retirement plans:
A website Hobby Lobby set up to answer questions about the Supreme Court case states that its 401(k) plan comes with "a generous company match." In 2012, Hobby Lobby contributed $3.8 million to its employee savings plans, which had 13,400 employee participants at the beginning of that year.
All nine funds—which have assets of $73 million, or three-quarters of the Hobby Lobby retirement plan's total assets—contained holdings that clashed with the Greens' stated religious principles.
Coupled with details on how Hobby Lobby is funding Right Wing political groups, per Salon , the picture is becoming abundantly clear that the Hobby Lobby Case is about more than allowing companies to deny types of health care coverage for religious reasons.
And although the one child policy was technically lifted, abandonment and selective killing of female babies continues. Forced abortion, although technically frowned upon by the government, is still a regular practice in China. Is the disruption of creation of life only relevant as a Christian when it's an American life?
Originally posted to Intheknow on Tue Apr 01, 2014 at 05:22 AM PDT.