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Has Hobby Lobby lost the high moral ground
#1
grenade 
If verified, this news could mean that Hobby Lobby is talking out of both sides of its mouth.

"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"

http://m.dailykos.com/story/2014/04/01/1...l=facebook

Discuss. No nastiness, please.
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#2
I think it's quite possible that they didn't know all the holdings of their retirement plan. Considering those plans are normally being handled by a third party for the investments, they may have invested the money without knowing.

If you have a retirement plan, do you know everything that it's invested in, or do you leave it up to your investment manager? Have you given your investment manager the guidelines of what types of companies you want to invest in?
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#3
The entire idea that corporations are people with rights is stupid. The bill of rights applies to individuals, not corporations.

Yes,we can all agree that the government shouldn't be involved with healthcare, and contraception shouldn't be a benefit, but right now it is.

That said, their policies should have to cover it just like everyone else's. It is, in no way, a violation of their religious freedom. What about the religious freedom of their employees?

Justin
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#4
streaker69;139712 Wrote:I think it's quite possible that they didn't know all the holdings of their retirement plan. Considering those plans are normally being handled by a third party for the investments, they may have invested the money without knowing.

If you have a retirement plan, do you know everything that it's invested in, or do you leave it up to your investment manager? Have you given your investment manager the guidelines of what types of companies you want to invest in?

"To avoid supporting companies that manufacture abortion drugs—or products such as alcohol or pornography—religious investors can turn to a cottage industry of mutual funds that screen out stocks that religious people might consider morally objectionable. The Timothy Plan and the Ave Maria Fund, for example, screen for companies that manufacture abortion drugs, support Planned Parenthood, or engage in embryonic stem cell research."

http://www.forbes.com/sites/rickungar/20...objection/


Justin
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#5
mingomom;139711 Wrote:If verified, this news could mean that Hobby Lobby is talking out of both sides of its mouth.

"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"

http://m.dailykos.com/story/2014/04/01/1...l=facebook

Discuss. No nastiness, please.

By the way, what do you mean high moral ground? Since when did they have that?

Justin
[Image: pafoasig.png]
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#6
Corporations are.people. plural always have been...
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#7
That is the position they took when they chose to use faith/beliefs as their position in fighting the mandate. When you do that, it is inferred that the action is consistent with other positions taken.

For those who wonder about hidden investments, most Christian companies/organizations employ companies that advertise that they weed out all investments that might support abortion, etc. As a former church employee, I know that these issues were a significant topic at staff meetings that were focused on benefits, retirement plans, etc.

If Hobby Lobby didn't employ such a strategy, then the issue is not as important as they would like us to believe. The only option that I feel would let them off the hook in this area is if the portfolio manager at the investment firm failed to do due diligence. I would then expect they would sue.

JustinHEMI;139720 Wrote:
mingomom;139711 Wrote:If verified, this news could mean that Hobby Lobby is talking out of both sides of its mouth.

"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"

http://m.dailykos.com/story/2014/04/01/1...l=facebook

Discuss. No nastiness, please.

By the way, what do you mean high moral ground? Since when did they have that?

Justin
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#8
Update from Forbes: they (HL) knew...

"Documents filed with the Department of Labor and dated December 2012 (see above)—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)."

http://www.forbes.com/sites/rickungar/20...objection/
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#9
I don't care if they knew or didn't know. A business should be able to offer whatever benefit they choose, or not choose without praise or punishment from the government.

If calling on religious freedom is what it takes tho prevent the government from doing what it has NO PLACE doing, so be it.

Not one single person who works for Hobby Lobby or anyone/anywhere else is forced to work there--if they do not like the benefits, or want to have a benefit the company does not offer then they are free to quit and find work elsewhere that does offer that benefit.
Vampire pig man since September 2012
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#10
I say, every normal business should stop offering health care and say screw it. Then watch as premiums for obama care go immediately into the sky with awful coverage for all so we can just rip this freaking bandage off quick and move on with life.
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