
David Green, Asshole of the Day for April 2, 2014
by TeaPartyCat (Follow @TeaPartyCat)
Hobby Lobby CEO David Green has become a religious conservative hero for fighting the Obamacare contraceptive mandate. His lawyers have argued that some of the contraception methods required to be covered are abortifacients, meaning they effectively cause abortions, which violates his religion. The Supreme Court is currently deliberating on his case.
But funny thing— it turns out that the very same contraceptive methods he doesn’t want to cover are made by companies his 401K is invested in:
When Obamacare compelled businesses to include emergency contraception in employee health care plans, Hobby Lobby, a national chain of craft stores, fought the law all the way to the Supreme Court. The Affordable Care Act’s contraception mandate, the company’s owners argued, forced them to violate their religious beliefs. But while it was suing the government, Hobby Lobby spent millions of dollars on an employee retirement plan that invested in the manufacturers of the same contraceptive products the firm’s owners cite in their lawsuit.
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.
So apparently his religion won’t let him contribute to a plan that allows employees to purchase abortifacients, but it’s just fine with him making money off women not in his employ taking abortifacients.
And of course that’s if you even believe the methods of contraception he doesn’t want to cover are abortifacients— medical science says the drugs in question aren’t abortifacients at all.
So, for insisting on purity in his employees’ subsidized insurance that he doesn’t insist on in their subsidized retirement plan, David Green is the Asshole of the Day.
It is David Green’s first time as Asshole of the Day.
Full story: Mother Jones