Hobby Lobby

[southbymidwest]

Well, well, well...

According to Mother Jones/ Huffington Post, "Hobby Lobby's 401(k) employee retirement plan holds $73 million in mutual funds that invest in multiple pharmaceutical companies that produce emergency contraceptive pills, intrauterine devices, and abortion-inducing medications.

The companies Hobby Lobby invests in include Teva Pharmaceutical Industries, which makes the Plan B morning-after pill and ParaGard, a copper IUD, as well as Pfizer, the maker of the abortion-inducing drugs Cytotec and Prostin E2. Hobby Lobby's mutual funds also invest in two health insurance companies that cover surgical abortions, abortion drugs, and emergency contraception in their health care policies."

So let me see if i get this- Hobby Lobby invests in companies that manufacture emergency contraceptive pills, IUDs and abortion inducing medications, and it buys millions of dollars worth of goods from China, where the government sponsors abortions, birth control, and has issues with child labor practices, but hey, no IUD for you, Hobby Lobby Worker! Humphhh.

And yes, Hobby Lobby can make sure that their investments do not contain shares of stock from certain companies. It is not terribly unusual. That is not a valid excuse if they say, "oh gees, we didn't know that..."