No. It's telling the world that the Jews who died as a result of being Jews wasn't really good enough for God and need fixing in the afterlife.
It is also a direct breech of the agreement the LDS Church made with Jewish groups.
See: Vatican trying to avoid baptism by proxy - from today's Salt Lake Tribune
http://www.sltrib.com/ci_9155036
The practice of LDS baptism for the dead has come under fire from Jewish groups that say the names of Jewish Holocaust victims are still showing up in the church's vast genealogical database for unwelcome baptisms, even after the church agreed in 1995 not to proxy baptize Jewish Holocaust victims.
Make no mistake about it. Jews have asked specifically and repeatedly that the LDS Church stop this practice and have received numerous assurances that it would stop... but then it doesn't.
Which is precisely the reason that Israel, exactly like the Vatican, has gone out of its way to bgin keeping the records from the LDS Church because the LDS Chruch cannot keep it's word.
See: Mormons meet with Jews over baptizing Holocaust victims
http://archives.cnn.com/2002/US/West/12/10/baptizing.the.dead.ap/
SALT LAKE CITY, Utah (AP) -- Mormon and Jewish leaders met Tuesday in New York City to discuss the Mormon church's apparent breach of its agreement not to posthumously baptize Holocaust victims and other deceased Jews.
So, if the LDS Church has agreed to stop the practice, why haven't they?
In what way is breeching their agreement with Jews a moral thing to do?
Unless the Jews believe they may be right, so what? Sure, it's annoying, but it really isn't a big deal if they are secure in their beliefs. I'd certainly say it was different if the Mormons or Catholics were grabbing Jews off the street and forcing them to be baptised, but that isn't what is happening.
It is also a direct breech of the agreement the LDS Church made with Jewish groups.
I'm not aware of such an agreement, but if that's the case, the issue is breaching the agreement, not that they were doing it in the first place. It amazes me that Jews would get so bent out of shape over this as to demand an agreement in the first place. No one except Mormons actually think it is anything but silly.
So, if the LDS Church has agreed to stop the practice, why haven't they?
Don't know. It is dishonest to say they will and then not follow through. But it is rather amusing that anyone would get bent out of shape over this in the first place. Who cares? (Unless, of course, one believes there is a shred of truth to the LDS reasons for post-death baptism.)