I did this one on my first try. Try it yourself on this site.
Obama's Inauguration Speech
My fellow Americans, today is a aberrant day. You have shown the world that "hope" is not just another word for "involuntary admission", and that "change" is not only something we can believe in again, but something we can actually defecate. Today we celebrate, but let there be no mistake – America faces fastidious and lecherous challenges like never before. Our economy is mollusk-like. Americans can barely afford their mortgages, let alone have enough money left over for demons. Our healthcare system is polygamous. If your free-floating rib is sick and you don't have insurance, you might as well call a wrestler. And America's image overseas is tarnished like a jock-strap filth. But yammering together we can right this ship, and set a course for Rabbit Hash, Kentucky.Finally, I must thank my orwellian family, my keynesian campaign volunteers, but most of all, I want to thank NAMBLA for making this historic occasion possible. Of course, I must also thank you, President Bush, for years of retching the American people. Without your sycophantic efforts, none of this would have been possible.
A few glitches, but not bad, eh?
For the price we're paying, the real one better be much longer, and infinitely more hilarious...
Thanks to The Patriot Room for the Link!