Taking advantage of the bright spot in his administration's economic meltdown, President Bush refinanced the White House yesterday. A gleeful President Bush inked a deal on a ten year mortgage that offered the lowest lending rate - just over four points.

President and Laura Bush purchased the White House from Bill and Hillary Clinton in 2000 for a reported 191 million dollars. While the President is rumored to have gotten a more favorable interest rate than was being offered at the time, experts estimate the Bush's were making monthly payments of approximately $1,910,000.00 on their thirty year loan, or $1000 for every $100,000 financed.

With a new ten year mortgage at a lower lending rate, the Bush's monthly payment will increase by only about $300,000 but the Bush's will own the White House outright approximately 5 years after President Bush leaves office.

A President of The United States earns about $400,000 yearly but makes up the difference with frequent trip per diems, speech honoraria and White House tours.