Fact Check: Obama Living in Fanatasy Island

From the RGH: OBAMA: “We have subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that’s rarely been more profitable, and double-down on a clean energy industry that’s never been more promising.”

THE FACTS: This is at least Obama’s third run at stripping subsidies from the oil industry. Back when fellow Democrats formed the House and Senate majorities, he sought $36.5 billion in tax increases on oil and gas companies over the next decade, but Congress largely ignored the request. He called again to end such tax breaks in last year’s State of the Union speech. And he’s now doing it again, despite facing a wall of opposition from Republicans who want to spur domestic oil and gas production and oppose tax increases generally.
http://www.rgj.com/article/20120124/NEWS12/120124035/FACT-CHECK-President-Obama-pushes-plans-flopped-?odyssey=tab|topnews|text|FRONTPAGE
Obama's living in Fantasy Island again, which, I believe is the only place Obama has not visited yet since he has been president.