Skip to main content

Mother Jones

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.

The real reason behind the Hobby Lobby case seems to be forwarding a religious agenda for the country and to elect politicians who share their beliefs. If they cared that deeply about abortions, they would not purchase most of their of their products from China.  

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.

Also republished by Abortion and Pro Choice.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Meteor Blades, SME in Seattle, Thumb, Duckman GR, Joe Bob, Sylv, DeminNewJ, chrississippi, Chi, Radiowalla, Subterranean, Pandora, karlpk, Sherri in TX, Wintermute, mslat27, polecat, Walt starr, exNYinTX, Gareth, hubcap, niemann, rasbobbo, agoldnyc, busternjake, opinionated, annrose, CoolOnion, boadicea, Minerva, mrblifil, paulitics, retLT, Iberian, splashy, Cedwyn, antirove, dksbook, wader, Texknight, psnyder, annan, emmasnacker, Damnit Janet, JCPOK, yet another liberal, niteskolar, Jujuree, Catte Nappe, never forget 2000, papercut, Brian82, imicon, zerelda, KellyB, mungley, tomjones, NapaJulie, Steven D, Josiah Bartlett, Gowrie Gal, sb, Dirk McQuigley, davidincleveland, maybeeso in michigan, radarlady, Tinfoil Hat, Ckntfld, ichibon, BluejayRN, geruta, Tonedevil, Lying eyes, Technowitch, Erik the Red, sc kitty, schumann, dewtx, ChemBob, Brooke In Seattle, YucatanMan, Kevskos, reflectionsv37, Sun Tzu, jimstaro, where4art, Ice Blue, most peculiar mama, blue jersey mom, Steve in Urbana, markdd, jane123, Tool, Tunk, Rusty in PA, FindingMyVoice, leftynyc, Blue Intrigue, Brian B, Alan Arizona, skywriter, elliott, golem, Patriot Daily News Clearinghouse, myboo, Mr Bojangles, HoundDog, Shakludanto, Wednesday Bizzare, aloevera, StrayCat, twigg, gooderservice, JVolvo, armadillo, middleagedhousewife, llbear, Turbonerd, onionjim, Dyana, IL clb, Unknown Quantity, CA Nana, lastamendment, Clive all hat no horse Rodeo, Statusquomustgo, bartcopfan, OHdog, PatConnors, ammasdarling, anna shane, FlamingoGrrl, john07801, Cronesense, merrylib, camlbacker, ksp, ColoTim, EdSF, edsbrooklyn, Matt Z, greenchiledem, sfbob, newpioneer, second gen, Back In Blue, carpunder, Got a Grip, leonard145b, madgranny, Empower Ink, JDWolverton, mconvente, flowerfarmer, Sixty Something, CDH in Brooklyn, Buckeye Nut Schell, mikeconwell, here4tehbeer, Lujane, Cassandra Waites, triplepoint, TokenLiberal, catly, Ismay, mattc129, JamieG from Md, sagansong, endo, sydneyluv, LaFeminista, Fiddlegirl, Louisiana 1976, artmartin, MufsMom, weaponsofmassdeception, DontTaseMeBro, ewmorr, bobatkinson, Don Enrique, earicicle, shopkeeper, kravitz, moonbatlulu, MKSinSA, RJH, asym, davespicer, jpmassar, Vita Brevis, Lefty Ladig, BlueOak, Amber6541, FogCityJohn, NJpeach, leftywright, kjoftherock, LOrion, Things Come Undone, NM Ray, samanthab, pixxer, Egalitare, nirbama, ericlewis0, Oh Mary Oh, nosleep4u, ZedMont, slice, theKgirls, Onomastic, TAH from SLC, kerflooey, Liberal Capitalist, slowbutsure, sabo33, implicate order, La Gitane, FarWestGirl, kevin k, Nicci August, California06, PedalingPete, boomerchick, thomask, ShowMeMoBlue, smoothnmellow, blw, wintergreen8694, fossil fish, Calvino Partigiani, organicus, PhilJD, StateOfGrace, Joe Jackson, Marihilda, Hayate Yagami, stlsophos, allergywoman, mikeVA, AnnetteK, hulibow, Pinto Pony, RockyJ, bluezen, OldDragon, anodnhajo, sow hat, TheLizardKing, Chrislove, Siri, IndieGuy, SilverWillow, nellgwen, rustypatina, a2nite, congenitalefty, reginahny, radical simplicity, Arahahex, MartyM, cassandracarolina, Glen The Plumber, 4mygirls, wasatch, live1, Greenfinches, nuclear winter solstice, UnionMade, Lily O Lady, Chaddiwicker, jusjtim35, The grouch, gypsytoo, Yo Bubba, knitwithpurpose, howabout, Smoh, BadKitties, ET3117, tampaedski, notevenclosetoonepercent, oslyn7, dreamweaver1, fredsfish, richardvjohnson, central oregon progressive, Dodgerdog1, Skyye, valmont, notbarkingdog, rduran, JimValent, Medde, mercedeslackey, hbk, cjsm, Cynthia Hobgood Strauss, kfunk937, funningforrest, Libby De, NewRomeIsBurning, GirlSwimmingInASeaOfRed, allie4fairness

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site