The Cato Institute's Love-In with Gas-Guzzlers

Patrick Michaels on discussing fuel efficiency standards on Fox NewsWhen Barack Obama announced new fuel efficiency standards for passenger vehicles, the Cato Institute, a Washington D.C. think tank, reacted angrily. In an opinion column for USA Today, senior Cato fellow Jerry Taylor claimed that the measure "is likely to be all cost and no benefit." Taylor claimed that foreign oil imports would not decrease, fuel savings would not offset increased costs "if gasoline prices remained in today's neighborhood," greenhouse gas emissions might not decrease, and car safety would be reduced. Cato Institute senior fellow Patrick Michaels got in on the act, too. Michaels landed interviews on ABC, WIBA's "Upfront with Vicki McKenna," FOX's "Happening Now" program and FOX's "Special Report" program. What wasn't disclosed to USA Today's readers or any of the television viewers or radio listeners was that the Cato Institute's latest annual report (pdf - see page 47) lists its corporate sponsors as including General Motors, Honda, Mazda, Toyota, Volkswagen and the American Petroleum Institute.


This is absolutely stupid...

Remember how the Big Three fought improved CAFE standards, and they won? Then Japan improved gas milage nonetheless, and now GM and Chrysler are in or near bankruptcy? This is a classic case of "Be careful of what you ask for."

Jack Lohman ...

This is one of the many reasons I'm no longer a supporter, financial or otherwise, of the Cato Institute, as I was for many years. They talk a good talk about freedom, liberty, the power of the market, but what they really are keen about is protecting their corporate buddies.