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re: Hobby Lobby's Retirement Plan Invests in Contraception Manufacturers
Posted on 4/1/14 at 5:58 pm to FT
Posted on 4/1/14 at 5:58 pm to FT
quote:
It might be if they continue using the same funds
Even THAT is a stretch.
I see a huge difference in mutual fund investing and the Fed Gov FORCING you to provide anything.
I think this is silliness
4
Posted on 4/1/14 at 6:00 pm to BlackHelicopterPilot
Not only is the mutual fund a stretch but look at these companies:
I don't know much about the first two, but Pfizer, Aetna and Humana, gimme a break.
Including insurance companies that then offer packages to sell birth control?
That's like 3 to 4 degrees of separation.
quote:
These companies include Teva Pharmaceutical Industries, which makes Plan B and ParaGard, a copper IUD, and Actavis, which makes a generic version of Plan B and distributes Ella. Other holdings in the mutual funds selected by Hobby Lobby include Pfizer, the maker of Cytotec and Prostin E2, which are used to induce abortions; Bayer, which manufactures the hormonal IUDs Skyla and Mirena; AstraZeneca, which has an Indian subsidiary that manufactures Prostodin, Cerviprime, and Partocin, three drugs commonly used in abortions; and Forest Laboratories, which makes Cervidil, a drug used to induce abortions. Several funds in the Hobby Lobby retirement plan also invested in Aetna and Humana, two health insurance companies that cover surgical abortions, abortion drugs, and emergency contraception in many of the health care policies they sell.
I don't know much about the first two, but Pfizer, Aetna and Humana, gimme a break.
Including insurance companies that then offer packages to sell birth control?
That's like 3 to 4 degrees of separation.
Posted on 4/1/14 at 6:00 pm to BlackHelicopterPilot
quote:
I see a huge difference in mutual fund investing and the Fed Gov FORCING you to provide anything.
I'm against the Fed Gov force, too, but only because I think it is a violation of my freedom not on some religious belief that I only believe in when it's convenient.
Posted on 4/1/14 at 6:01 pm to BlackHelicopterPilot
Well, they're not being forced to invest that way. They're choosing to. That's where I can see some hypocrisy.
If it's just coming to their attention, there are about a zillion ways you can invest. Move to a new fund.
If it's just coming to their attention, there are about a zillion ways you can invest. Move to a new fund.
Posted on 4/1/14 at 6:26 pm to BlackHelicopterPilot
quote:
It might be if they continue using the same funds
Even THAT is a stretch.
I see a huge difference in mutual fund investing and the Fed Gov FORCING you to provide anything.
I think this is silliness
yes, there is a difference one is a cost and one is income.
It would be quite easy for hobby lobby to avoid these investments if they really cared about the topic. They don't. They care about making a point.
Its just political grandstanding on their part, and well this article too.
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