With so much debate about the economic stimulus package and the ongoing plans to rescue America’s banks, this site was bound to happen. Bank of Obama is a quick and fun parody of the current economic climate, allowing you to send virtual or real bailout checks from the President to your friends.

Input the name of who you’re sending a bailout to, how much to send them, the ‘memo’ (with options like mortgage, car loan, and gambling debt), and a personal note and you’re on your way. You can then opt to deliver a virtual check to the recipient (like the one below), or for $2.99 via PayPal, have the folks behind Bank of Obama send the physical parody check to your friend via postal mail.

Actually sending the parody check might be a bit ironic. On one hand you’re complaining about the government frivolously spending your money, but on the other, you’re paying to send out worthless pieces of paper. Nonetheless, the joke will likely be appreciated by those that think the bailout and stimulus package are wasteful – not so much perhaps by those on the other side of the issue.

(Via Mashable!.)