Thu, 5 Apr 2012, 3:44am PDT
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The Cato Institute is a neoconservative joke. It's single purpose has always been to supply misinformation and make the people ignorant enough to believe their garbage even more stupid.
This is one of my favorites. Published in 2001:
So where are these (hybrid) cars? I doubt most people can recall seeing one, even though the Insight’s profile is as striking as an old Citroen. You haven’t seen them because there aren’t many being produced. They’re hemorrhaging money for both Toyota and Honda. My best guess is that Honda has already lost about $80 million on the 8,000 Insights it has shipped to the U.S. over the 18 months of its availability. Last spring, the Washington Post estimated Toyota is losing even more—$17,000 per copy—on each Prius.
Obviously, these cars can’t achieve profitability under any reasonable sales projections. If they could, the advertising spots would be as frequent as Chevy’s “Heartbeat of America.” But they are not. In fact, I’ll bet most readers can’t recall ever having seen the plugs for the Prius (aging hippies drive it in through a tropical rainforest while a chimpanzee applauds) or the Insight (comes out of a car wash— it’s a “clean” vehicle, get it?).
Published Tuesday of this week:
Toyota Prius sales surge 54% from a year earlier to monthly record
The Japanese automaker sold 28,711 Prius hybrids in March, the all-time U.S. monthly record since introducing the model stateside in 2000. Prius sales were up 54 percent from a year earlier and helped push total Toyota Motor Sales USA sales up 15 percent. The Camry Hybrid, which got an update late last year, boosted sales by 35 percent from a year earlier and set an all-time March record.
Thu, 5 Apr 2012, 6:24am PDT
I can't drive my Suburban 5 miles without having to clean another Prius off the front bumper..
"Obviously, these cars can’t achieve profitability under any reasonable sales projections."
Yeah right. And they call Cato a think tank.
Thu, 5 Apr 2012, 1:35pm PDT
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Luckily they have been defunct more or less since 2005
That's the great thing about 5013c. So easy to just let it go defunct if it's not doing well and switch activities to another one. Much like shell corporations.
Makes me think, why would the Koch brothers care so much about Cato? They could just defund it, and open up other paper mills run by some more compliant toadies.