http://www.slate.com/blogs/xx_factor/2014/04/02/hobby_lobby_retirement_plan_invests_in_companies_that_manufacture_the_same.html
i wrote recently on my thought that they are just trying to keep from spending any money they can get around and keep in their pockets, looks like i may have had a point.
Hobby Lobby's argument in Sebelius v. Hobby Lobby is that its religious opposition to some forms of contraception goes so deep that it represents a substantial burden for the company to allow its employees to use their own health care plans to purchase those forms of contraception.
So it's no wonder that, in its piece revealing that Hobby Lobby's retirement plan invests in "in the manufacturers of the same contraceptive products," Mother Jones accuses the company of "hypocrisy":
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.
shades of Poppa John crying about raising prices and not being able to thrive well he's doing good TV commercials running daily deals for patrons and lies to the public. the republicans started that with claims of hurting small business but we have yet to hear of any of them succumbing to failure do to ACA, did i mention 7 million enrolled and no noise on the business front.
