Religion does teach children good morals, the bible is no different. The problem with teaching kids good morals with religion, is you also teach them a bunch of bullshit.

Jesus did not raise from his grave. When people die they stay dead. My life isn't controlled by "God," my life is controlled by me. If I kill someone, bad things will happen to me, I can't just repent and be cleansed of my sins, people pay for what they do and saying "I'm sorry" doesn't get you off the hook.

The bible itself is bullshit. The morals in it from the stories are not.