I'm not sure who did the song but it's obviously a professional production. Terry Anderson played most of the song about 40 minutes into his March 21 show [archived here].
The tune is a knock off of the classic Frankie and Johnnie song but with a very different kind of message. The song equates the liberal policies of McCain and Kennedy and uses that as a justification to tell McCain that it's time for him to retire from the Senate. It's a RINO go home message.
The lyrics and some links that may have inspired each verse:
Flush the toilet Johnny and Teddy
Johnny and Teddy were Senators On opposite sides of the aisle They got together and drafted a bill Guaranteed to make illegals smile Amnesty was their game — and they had no shame
Johnny and Senator Feingold Gave campaign finance a try But then the highest court in the land Said the 1st amendment must apply Gotta play by the rules — now Johnny looks like a fool
Johnny and Mr. Obama They both agree Gitmo should close But bringing terrorists into the USA Is a plan that we oppose No, they don’t belong — and Johnny’s got it all wrong
Now Johnny and Senator Lieberman Got together on cap and trade Anemic hands across the aisle Gonna send the country to its grave It’s time to let him know — old Johnny’s gotta go
Johnny believes Global Warming Limousine Liberals and all Congressional junkets to Copenhagen Everybody’s havin’ a ball Just ask Al Gore - Johnny knows the score
S & L Man Charlie Keating He came to Johnny one day Said "the government boys are sniffing around How much to make 'em go away?” Did Johnny take a bribe to join the Keating 5?
Now fast-forward 20 years later Banks are in trouble again Johnny says, ”Let’s bail ”em out It’s just a trillion — or maybe ten. Let’s put some wind in their sails — ”cause they’re too big to fail.”
We know there's oil in Alaska Drilling won't cause any harm But Johnny agrees with the tree-hugging geeks Gas is gonna cost a leg and an arm Johnny why can’t you see what’s good for you and me?
Now everyone knows about ACORN They get lots of taxpayers’ dough Prostitution rings and voter fraud And home loans to any old schmoe No matter ACORN’s crimes — Johnny thinks they’re just fine
We're tired of hearin' your flip-flops We're tired of hearin' your lies You may think we're all dummies but you can't Pull the wool over our eyes You're career's hit a snag - so start packin' your bags
”Cause Johnny, you’ve worn out your welco It’s time to bid DC goodbye Go write a book or learn to cook And eat a little humble pie Just ask Sheriff Joe — he says you gotta go
Yeah, go Johnny, go — it’s time to hit the road. Good-bye