Page 2 of 20 FirstFirst 123412 ... LastLast
Results 11 to 20 of 192

Thread: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

  1. #11
    Weekend Political Pundit
    Bob N's Avatar
    Join Date
    Nov 2012
    Last Seen
    12-06-17 @ 11:05 PM
    Gender
    Lean
    Independent
    Posts
    3,821

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by Bob Blaylock View Post
    Do you know anything about investing in mutual funds?
    Yeah. You do get a Prospectus which includes the names of the companies in a particular mutual fund.
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

  2. #12
    Sage

    Join Date
    Mar 2012
    Location
    okla-freakin-homa
    Last Seen
    Today @ 05:33 AM
    Gender
    Lean
    Progressive
    Posts
    12,619

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by Bob Blaylock View Post
    Do you understand what mutual funds are, and how they work? I'm guessing that you do not. If one has reasons not to want to be invested in certain businesses, one would have to be paying much closer attention than is normally to be expected of mutual fund investors.
    Do YOU understand what mutual funds are, and how they work? I'm guessing you do not.

    It takes but a minute to find DOZENS of Faith-based funds to invest in. Even the secular 'Business Week' discusses the Faith Based mutual funds. Difficult to believe the supposedly very devout Leadership of Hobby Lobby was so unaware of the alternative to secular funds. It would be a strange 'job creator' who doesn't keep a sharp eye to investment strategies...

    So the CON game continues. It appears the Leadership of Hobby Lobby has ZERO problems with MAKING money from non Christian sources- it is only when it comes to SPENDING money to care of it's employees when the Good Book is held high.

  3. #13
    Sage


    Join Date
    Feb 2013
    Location
    IL
    Last Seen
    Today @ 02:56 AM
    Gender
    Lean
    Moderate
    Posts
    36,762

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    This continues to be the mantra of rightiecons lately on dp, attack the web-site with as much vitriol as the actual political position.
    Didn't Romney have this problem with dispensers of Aborted fetuses?
    I found that terribly disgusting, considering his flip-flop on the issue from being "left" of Sen. Kennedy .
    Quote Originally Posted by RiverDad View Post
    Why are you linking to toxic hate sites?
    Physics is Phun

  4. #14
    Guru
    Join Date
    Jan 2014
    Last Seen
    01-15-15 @ 03:36 AM
    Gender
    Lean
    Liberal
    Posts
    2,578

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by shavingcollywob View Post
    Meh.

    That Hobby Lobby matches employees contributions to 401(k) plans that hold mutual funds that include emergency contraceptives, etc. might make for good fodder from those on the extreme left but that's about it.
    look an apologist it must suck to have to defend hypocrisy.

  5. #15
    Sage
    Moot's Avatar
    Join Date
    Oct 2006
    Location
    Utah
    Last Seen
    Today @ 03:31 AM
    Lean
    Undisclosed
    Posts
    27,460

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by ernst barkmann View Post
    it does not matter if you think its a double standard, you and otherS do not dictate, what you shall receive, when other people,business is doing the offering , if you dont like what they offer, you free to seek your own way.

    It seems you people have never heard of rights...unless their your own
    Employees have rights, too. The employees are paying for their health insurance with their labor just as if it were wages.

  6. #16
    Guru
    WorldWatcher's Avatar
    Join Date
    Jun 2013
    Last Seen
    Yesterday @ 05:39 PM
    Gender
    Lean
    Independent
    Posts
    3,041

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by notquiteright View Post
    Do YOU understand what mutual funds are, and how they work? I'm guessing you do not.

    It takes but a minute to find DOZENS of Faith-based funds to invest in. Even the secular 'Business Week' discusses the Faith Based mutual funds. Difficult to believe the supposedly very devout Leadership of Hobby Lobby was so unaware of the alternative to secular funds. It would be a strange 'job creator' who doesn't keep a sharp eye to investment strategies...

    So the CON game continues. It appears the Leadership of Hobby Lobby has ZERO problems with MAKING money from non Christian sources- it is only when it comes to SPENDING money to care of it's employees when the Good Book is held high.

    401(k) are accounts held by the employee, not the employer. Individuals make contributions and in some cases the company will make some type of match (usually not that much in the grand scheme of things but every little bit helps). Even if match does occur, that amount goes to the employee who then selects from the available list of funds which they should chose based on the need for diversity and their individual risk assessment.

    Hobby Lobby doesn't own those accounts - the individual employees do.

    Hobby Lobby isn't selecting the fund profile - the individual employees do.

    Hobby Lobby doesn't select the portfolio investments - the Fund managers in the investment firm do.




    This is a little different then Hobby Lobby paying (directly) the bulk of an insurance premiums.

    An employer makes arrangements with a fund management company, in my case it's ING. My money is deducted from my paycheck through an automatic deduction. That money is transferred from me to ING and deposited in my account where ING they distributes it into the mutual funds that I as an individual have selected.



    >>>>

  7. #17
    Gradualist

    Join Date
    Apr 2011
    Last Seen
    09-25-17 @ 12:48 PM
    Lean
    Socialist
    Posts
    34,949
    Blog Entries
    6

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by darkrecess View Post
    Hello again all,

    Just found this little nugget. If true, it would certainly be a blow to the Hobby Lobby position (their standing with the rest of us, including those who defend them), if not to their case pending in front of the SCOTUS as well. A company that protests being forced to comply with a mandate to provide contraceptive coverage (including IUD's and Plan B Contraceptives) based on their religious objection to those services either has no business investing in these companies, or has no business arguing that their religious beliefs provide them with an exception to avoid providing services they religiously object to while continuing to invest in companies that manufacture those products.

    Thoughts?
    ****ing hypocrites.


  8. #18
    Sage
    Lutherf's Avatar
    Join Date
    Sep 2012
    Location
    Tucson, AZ
    Last Seen
    Today @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    24,641

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    The premise of this thread may well be the most ridiculous overreach I have seen on this site (note that I don't frequent the conspiracy forum).

    29 CFR 2550.404c-5 covers the requirements for funds a 401(k) can be invested in. While the reg doesn't specify particular financial instruments it does require 'pooled funds' and also requires diversified investment managed in such a way as to minimize risk. It would be INCREDIBLY difficult for a fund manager to fulfill the obligations of this regulation without investing in certain instruments that are, in turn, invested in some form of medical research or manufacturing.

    For these reasons it behooves an employer to hire a management firm to handle their 401(k). The employer will generally not interfere with the fund manager because to do so might create a violation of the aforementioned regulation.

    Furthermore, the employer is not allowed to direct the employee's investment choices but is (if they provide matching funds) required to meet their contribution requirements as defined by the written agreement. If the employee opts for a fund that is partially invested in medical and pharmaceutical businesses (as many funds are) then they have no choice but to match those contributions.

    Finally, when the employer (or you) buy the stock of a pharmaceutical corporation you ARE NOT making a cash payment to that corporation. All you are doing is purchasing the right to a certain percentage of the equity in that corporation. In some cases you might have voting rights but that's about it.

  9. #19
    Sage

    Join Date
    Mar 2012
    Location
    okla-freakin-homa
    Last Seen
    Today @ 05:33 AM
    Gender
    Lean
    Progressive
    Posts
    12,619

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by WorldWatcher View Post
    401(k) are accounts held by the employee, not the employer. Individuals make contributions and in some cases the company will make some type of match (usually not that much in the grand scheme of things but every little bit helps). Even if match does occur, that amount goes to the employee who then selects from the available list of funds which they should chose based on the need for diversity and their individual risk assessment. Hobby Lobby doesn't own those accounts - the individual employees do. Hobby Lobby isn't selecting the fund profile - the individual employees do. Hobby Lobby doesn't select the portfolio investments - the Fund managers in the investment firm do. This is a little different then Hobby Lobby paying (directly) the bulk of an insurance premiums. An employer makes arrangements with a fund management company, in my case it's ING. My money is deducted from my paycheck through an automatic deduction. That money is transferred from me to ING and deposited in my account where ING they distributes it into the mutual funds that I as an individual have selected.
    Wide spacing of your post doesn't improve the CON argument...

    a 401(k) is PROVIDED by the EMPLOYER sometimes with a match fund. a Health care plan is PROVIDED by the EMPLOYER. The EMPLOYER offers the plans in BOTH cases to pick from. There are many 'Faith Based' companies that offer 'Blessed' funds for the employee to select from for retirement. In Hobby Lobby's case they wouldn't use ING as the fund account company. Your attempt to claim otherwise is false. The EMPLOYER selects the company from which funds are made available to the employee- not the other way round. The family that runs Hobby Lobby are employees as well... both directly as 401(K) holders and as employers using the 401(K) as a hiring tool benefit- they profit from the 401(K). I can't imagine the folks running Hobby Lobby failing to do their religious homework on 401(K)s but so strict on the tiny amount of money going to BC compared to everything else covered by the healthcare plan.

    To use your CONvoluted 'logic' Hobby Lobby's contribution to the Healthcare care plan has a fractional amount of their profits POTENTIALLY for use in Birth Control and CONTRACEPTION (it seems the Religious Right is trying to throw the baby out with the bathwater), just like a fractional amount of their profit gets diverted to help invest in Big Pharma companies making so E-Vile a product that a huge percentage of American women are quite alright with.

    But like I said, one is Mammon coming in and one is it going out...

  10. #20
    Sage
    Lutherf's Avatar
    Join Date
    Sep 2012
    Location
    Tucson, AZ
    Last Seen
    Today @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    24,641

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by notquiteright View Post
    Wide spacing of your post doesn't improve the CON argument...

    a 401(k) is PROVIDED by the EMPLOYER sometimes with a match fund. a Health care plan is PROVIDED by the EMPLOYER. The EMPLOYER offers the plans in BOTH cases to pick from. There are many 'Faith Based' companies that offer 'Blessed' funds for the employee to select from for retirement. In Hobby Lobby's case they wouldn't use ING as the fund account company. Your attempt to claim otherwise is false. The EMPLOYER selects the company from which funds are made available to the employee- not the other way round. The family that runs Hobby Lobby are employees as well... both directly as 401(K) holders and as employers using the 401(K) as a hiring tool benefit- they profit from the 401(K). I can't imagine the folks running Hobby Lobby failing to do their religious homework on 401(K)s but so strict on the tiny amount of money going to BC compared to everything else covered by the healthcare plan.

    To use your CONvoluted 'logic' Hobby Lobby's contribution to the Healthcare care plan has a fractional amount of their profits POTENTIALLY for use in Birth Control and CONTRACEPTION (it seems the Religious Right is trying to throw the baby out with the bathwater), just like a fractional amount of their profit gets diverted to help invest in Big Pharma companies making so E-Vile a product that a huge percentage of American women are quite alright with.

    But like I said, one is Mammon coming in and one is it going out...
    Let's think about this for a minute.

    You are contending that Hobby Lobby should be aware of what funds the 401(k) offers and, based on their principles, opt out of those funds or else they're hypocrites.

    Hmm.....

    Every April I send the IRS a check that goes to fund a whole bunch of crap I would like to opt out of so am I also a hypocrite for funding Planned Parenthood through my taxes? Should I be eligible to make a discretionary adjustment to my tax payment to avoid funding an organization I dislike?
    Last edited by Lutherf; 04-01-14 at 10:48 PM.

Page 2 of 20 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •