It sounds remarkably similar in style to a track that came out a few years back called "I don't like it" by Pauline Pantsdown. It was a piss-take of the racist Australian right wing politician Pauline Hanson. It took excerpts from her taped interviews and speeches and re-arranged them to get a different meaning. A cheesy sounding disco backing track was also added to make a funny song.
At the end of that Bush song there's also a reference to John Howard the Aussie prime minister, so I'm guessing it's probably the same guy who made it. Funny stuff