Demme, who filmed the award-winning documentary Neil Young: Heart of Gold, writes in an e-mail, "Neil just finished writing and recording—with no warning—a new album called Living With War. It all happened in three days." …
Details are pretty scarce, but the featured track, titled "Impeach the President," features a rap with Bush's voice set to the choir chanting "flip/flop" and the like.
Young has been outspoken on the president and the war for a while now—unlike the Dixie Chicks, his fanbase isn't enamored of the man from Crawford, either. Up in the air: Whether this album will be as knee-slapping hilarious as Burt Bacharach's At This Time.
In 2003, Jacob Sullum weighed in on the free speech issues of artists making political statements.
UPDATE: I don't know how it slipped my mind, but Young made a poorly-received 9/11 tribute album of sorts, Are You Passionate?, back in 2002. There's probably a John Kerry-Neil Young comparative essay to be written, but out of respect for dead Jesus I won't do that now.
UPDATE: Brian Doherty warned America about the Are You Passionate? 9/11 song, "Let's Roll," in 2002.