Wednesday, December 26, 2007

G.O.P. Candidates Given Poor Marks from Moral Investments Group

A report out of the Biblically Responsible Investing Institute (BRII) suggests that the Republican presidential hopefuls have a few items in their stock portfolios that at least some conservative voters are going to find ironic...and bothersome.

BRII spokesman Warren Smith says that Mike Huckabee and Fred Thompson are perhaps the "cleanest" in the GOP field when it comes to investing in companies involved in promoting abortion, homosexuality, casino gambling and other practices moral conservatives find unacceptable; Mitt Romney has perhaps the worst.

"You've got Romney again [who is] an owner of Verizon, one of the nation's leading supporters of homosexuality," Smith points out. "You've got Romney, and this is probably one of the most egregious ones, [who] has holdings in J.P. Morgan Chase -- which is not only one of the largest banks in the country, but it is also one of the largest corporate contributors to Planned Parenthood."

Smith contends the stewardship practices of the candidates provide a window into how they would handle the country's business if elected. "We find these activities extremely troubling," he continues. "Especially when it's so easy for these candidates to look at their portfolios and just ream these companies out and instruct their financial advisors not to buy these companies."

Smith also points out the strange fact that Romney owns stock in Anheuser-Busch although the Latter-day Saints do not permit alcohol consumption.