{"id":20988,"date":"2014-07-01T14:51:57","date_gmt":"2014-07-01T18:51:57","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=20988"},"modified":"2014-07-01T14:54:52","modified_gmt":"2014-07-01T18:54:52","slug":"hobby-lobby-hypocrisy-not-so-fast","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/20988\/hobby-lobby-hypocrisy-not-so-fast\/","title":{"rendered":"Hobby Lobby Hypocrisy?  Not So Fast"},"content":{"rendered":"<p>Criticism of yesterday&#8217;s Supreme Court <a href=\"http:\/\/online.wsj.com\/articles\/supreme-court-exempts-some-companies-from-health-care-law-on-religious-grounds-1404138333\" target=\"_blank\">Hobby Lobby decision<\/a> is already pioneering new realms of intellectual dishonesty and irrationality.\u00a0 In one commentary that seems to be maintaining particular inertia on the Internet,<em> Mother Jones<\/em> labels the Hobby Lobby organization hypocritical because its retirement plan invests in contraceptive manufacturers.<\/p>\n<p>Fortunately, Ryan Ellis of Americans for Tax Reform provides a <a href=\"http:\/\/www.forbes.com\/sites\/ryanellis\/2014\/07\/01\/hobby-lobby-owners-can-have-a-401k-and-first-amendment-rights\/\" target=\"_blank\">welcome antibiotic<\/a>.\u00a0 Specifically, he rebuts the <em>Mother Jones<\/em> commentary, explaining in clear terms the nature of such retirement plans and the weakness of the Mother Jones assertion:<\/p>\n<blockquote><p><strong>401(k) plans are directed and invested by employees, not by employers.<\/strong> It\u2019s the Hobby Lobby employees that would be disenfranchised by the  twisted logic employed by Redden and Ungar here.\u00a0 They are the ones\u2013not  their bosses\u2013who choose which mutual funds to invest in.\u00a0 This is true  both of the employee\u2019s elective deferral and the employer\u2019s match.\u00a0 The menu of choices is primarily provided not by the Hobby Lobby  employers, but by the 401(k) plan administrator, who helps select a wide  menu of mutual fund (and, increasingly, exchange traded fund) choices  so that the fiduciary obligations of the plan are met.&#8221;<\/p><\/blockquote>\n<p>It&#8217;s a brief, straightforward piece that is well worth taking a moment to read and share with others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Criticism of yesterday&#8217;s Supreme Court Hobby Lobby decision is already pioneering new realms of intellectual dishonesty and irrationality.\u00a0 In one commentary that seems to be maintaining particular inertia on the Internet, Mother Jones labels the Hobby Lobby organization hypocritical because its retirement plan invests in contraceptive manufacturers. Fortunately, Ryan Ellis of Americans for Tax Reform [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4540,4539,4541],"class_list":["post-20988","post","type-post","status-publish","format-standard","hentry","category-posts","tag-401k","tag-hobby-lobby","tag-retirement-plan"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=20988"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20988\/revisions"}],"predecessor-version":[{"id":20995,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/20988\/revisions\/20995"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=20988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=20988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=20988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}