PI Original Adam Doster Thursday March 19th, 2009, 4:01pm

Bean Backs AIG Bonuses (UPDATE)

On Sunday, we noticed an unsettling quote from suburban Democratic Rep. Melissa Bean. In an AP article
about the rising influence of “moderate” Democrats in Congress, Bean
made quite clear that she views the business community as her primary constituent:

“We’re ...

On Sunday, we noticed an unsettling quote from suburban Democratic Rep. Melissa Bean. In an AP article about the rising influence of “moderate” Democrats in Congress, Bean made quite clear that she views the business community as her primary constituent:

“We’re very connected to the business community and very much appreciate the importance of their success to our overall economic recovery. We are trying to champion their issues and concerns,” Bean said. “We’re going to be at the table and we’re going to assert ourselves when we think it’s important.”

Today, she proved just how beholden she is to the denizens of Wall Street. In a vote to levy a 90 percent tax on the outrageous bonuses promised to executives of the insolvent American International Group, Bean was the only congressperson from Illinois -- and one of only six Democrats nationwide -- to vote against the measure.

Why do bailout recipients need extra taxpayer dough to pad their bank accounts, representative? We are all ears.

UPDATE (3/20): Here's Bean's explanation to the Sun-Times:

Her spokesman Jonathan Lipman issued this statement: "The congresswoman is as outraged as anyone by bonuses paid to those that brought down AIG and the economy along with it. However, she came to Congress to work on commonsense legislation that would not have unintended consequences that could cost the taxpayers, who own stakes in all of these TARP-backed institutions, even more in the long run."

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