Sen. Richard Shelby (R-Ala.), perhaps the harshest congressional critic of government bailouts, issued a scathing criticism of President Bush's action Friday to prop up the U.S. auto industry. The statement notes Shelby's opposition to the Troubled Assets Relief Program (TARP) in October and calls Bush's action "a shameful attempt by the president to protect his own legacy."

Shelby's full statement:
The plan the President announced today gives the taxpayer no upfront assurances that these companies will take the steps necessary to become efficient and competitive.