Pelosi Comes Out in Favor of Tobin Tax

Hopefully, this will give Timothy "Eddie Haskell" Geithner the vapors:

A proposed tax on financial transactions "has a great deal of merit" and would help Congress raise needed revenue, U.S. House Speaker Nancy Pelosi said Thursday.

"I believe that the transaction tax still has a great deal of merit," Pelosi said at a news conference.

The tax would have a "really minimal impact on the transaction, but a tremendous impact on helping us meet our needs," Pelosi said.

Timmeh....Suck....on...This...

Honestly, I expect Obama to oppose this fiercely in private, though I am not sure what he will do in public.