President Obama’s indignant anger at the bonuses doled out for Wall Street executives might mean something if it wasn’t covered in so much horse manure.

Upon hearing that financial bigwigs received $18.4 billion in bonuses for 2008 while the industry was crawling to the government for a bailout, Obama said:

That is the height of irresponsibility. It is shameful, and part of what we’re going to need is for folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility.

There will be time for them to make profits, and there will be time for them to make bonuses. Now is not that time.

Exactly. Now is the time to show some restraint, to show some discipline and to show some responsibility — just like Obama, Nancy Pelosi, Harry Reid and the Democrats in Congress are doing, right?

That’s why the economic “stimulus” package is devoid of pork and program expansions, right? How is it that Obama can issue such a “stern lecture,” as the LA Times called it, when the stimulus bill is the picture of fiscal irresponsibility? How can he call for restraint when the Democrats are blatantly following the advice of new White House Chief of Staff Rahm Emmanuel: “Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.”

But no. We’re looking at a massive influx of federal spending on programs and projects that have nothing to do with jump-starting the economy or creating jobs. This is not exercising restraint — especially when Obama says the government will be running deficits in excess of $1 trillion.

To paraphrase the hypocrite-in-chief, there will be a time to fund special projects, there will be time to expand government programs — now is not that time. Government, like the private sector, must show some restraint, discipline and responsibility.

There’s lists all over of the exorbitant spending in the House and Senate versions of the stimulus bill, but here’s some highlights.

• $75 million for smoking secession programs
• $54 billion for programs the Office of Management and Budget and the Government Accounting Office deemed ineffective (there’s a campaign promise out the window)
• $7 billion to improve federal buildings
• $200 million for the Defense Department to buy electric cars
• Another $200 million to build plug-in stations for the cars
• $3.5 billion for new buildings on college campuses
• $400 million for HIV and chlamydia testing
• $45 million to build off-roading trails and their maintenance
• $81 billion for Medicaid
• $50 million for the National Endowment of the Arts
• And, of course, $83 billion in tax “credits” for people who don’t pay taxes

Talk about “height of irresponsibility” and “shameful:”

The American people understand that we’ve got a big hole that we’ve got to dig ourselves out of, but they don’t like the idea that people are digging a bigger hole even as they’re being asked to fill it up.

When it comes to government, the rules are different. Digging a bigger hole for future generations to fill up later is OK. But Citigroup better not buy that airplane, and how dare the heads of the big three auto makers show up in anything but a hybrid car they drove in the carpool lane.

Here’s a video of the president’s statement — try not to get too much self-righteous ooze on yourself.

Anybody got a light?