Showing posts with label Hobby Lobby. Show all posts
Showing posts with label Hobby Lobby. Show all posts

Tuesday, July 8, 2014

Hobby Lobby Horror

There is a problem with people who use their political leanings rather than legal doctrine and procedure being judges, that is they come up with piss poor legal decisions.

Burwell v. Hobby Lobby, 573 U.S. ___ (2014) will turn out to be yet another of the US Supreme Court's recent blunders because it used political leanings rather than legal method.

The concept that a corporation is a distinct entity with its own rights and obligations separate from those of its shareholders is the foundational principle of corporate law.

This concept means that people can invest in a company without risking personal assets beyond their investment (i.e., shares in the corporation). For example, the victim can only sue the corporation, not the individual shareholders if a corporation fails to observe proper safety precautions in manufacturing a product. This benefit is especially important for closely held corporations, like Hobby Lobby, because any liability would otherwise be shared by a small number of family members or other controlling shareholders. In exchange for this protection, individual owners are not supposed to treat a corporation as a mere extension of themselves.

Under the new decision, religious owners of closely-held, for-profit companies try to have it both ways. They get to assert their personal religious identity to exclude legally mandated birth-control benefits from their company’s health insurance plan. Yet they hope they also will still enjoy the insulation against personal economic liability that comes from doing business as a corporation.

The problem with this is that is that one cannot really have things both ways: one must either function as a corporate entity which is separate from the personal interests of the shareholder or accept full liability for the corporation.  In other words, this decision will “pierce of the corporate veil”, which is where the the rights or duties of a corporation switch to the rights or liabilities of its shareholders.  In other words, Plaintiffs may seek to have owners personally cover a corporate debt when a business goes bust, for example, or to hold a corporation responsible when an owner doesn’t have the money to pay their personal bills.

While I understand that the chickens have begun to come home to roost with this decision, this aspect has yet to rear its ugly face.  I have a feeling that when it does, the reality challenged right wing will find yet another aspect of its ideology influenced policy making will prove to be another golem for them to have to address.

Thursday, April 3, 2014

Hobby Lobby = Radical Right Wing Hypocrisy

Hobby Lobby SCOTUS protests


So......apparently religious beliefs about contraception only matter when sticking it to their employees, but not in their investments, and not in squeezing every last dime from their Chinese abortion-mandating, employee-oppressing suppliers.

You'd think if that was such a serious belief, that 1. they wouldn't cover the very contraceptives they are protesting now (which are NOT abortifacients); and 2. their dealings relating to their beliefs would be much more consistent when it comes to their purchasing (say, from AMERICAN suppliers?) and where they park their money.

ALL of which show their religious beliefs put money first, anti-contraception beliefs second, and employees just don't count at all, not even a distant third.

From the Huff Po:


Hobby Lobby Invests In Abortion Pill Manufacturers

The owners of Hobby Lobby, a Christian-owned craft supply chain, were so offended by the idea of having to include emergency contraceptives and intrauterine devices in their health insurance plans that they sued the Obama administration and took the case all the way up to the Supreme Court. But Mother Jones reported on Tuesday that the company's retirement plan has invested millions of dollars in the manufacturers of emergency contraception and drugs used to induce abortions.
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.
Hobby Lobby's attorneys argue that the provision in the Affordable Care Act that requires most employers to cover contraception in their health plans infringes on the company's right to exercise religious freedom because the company's owners believe that emergency contraception and IUDs are actually forms of abortion. Medical studies have debunked this claim.