Sep 27 2008

Shelby Opposes $25 Billion Auto Bailout

U.S. Senator Richard Shelby (R-Ala.) today voted against the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009, because it provides Detroit-based automobile manufacturers with an unnecessary and economically harmful $25 billion bailout.  The Senate approved this legislation by a vote of 78-12 and it will now go to the President for his signature.

“Since I was first elected to Congress, I have believed that my most important duty is to the taxpayer,” said Shelby.  “I do not support using taxpayer dollars to save private companies.  This is not a national problem, it’s their problem.  Although the bailout was attached to legislation containing billions of dollars for projects I personally fought for, I could not support this gross misuse of American taxpayers’ hard-earned money.”