Here's the analysis I went through to get my interpretation:
A Public service announcement followed me home the other day
I paid it nevermind. Go away.
Public service announcement--a media thing
free Teflon whitewashed presidency
We're sick of being jerked around
Wear that on your sleeve
This supports the interpretation that it's political...teflon is nonstick, so things can't stick to it? Whitewashed may be a Biblical reference meanin hypocracy
Broadcast me a joyful noise unto the times, lord,
Count your blessings.
We're sick of being jerked around
We all fall down.
Broadcast could mean radio or TV. Jerked around, well, the media often jerks the public around
Have you ever seen the televised St. vitus subcommittee prize
Investigation dance? Those-ants-in- pants glances.
Well, look behind the eyes
It's a hallowed, hollow anesthesized
"save my own ass, screw these guys"
smoke and mirror lock down
Televised, smoke and mirrors
Broadcast me a joyful noise unto the times, lord,
Count your blessings.
The papers wouldn't lie!
I sigh. Not one more
The papers wouldn't lie...we all know how true that is
Its been a bad day.
Please dont take a picture
Please don't take a picture may refer to media photographers
We're dug in the deep the price is steep.
The auctioneer is such a creep.
The lights went out, the oil ran dry
We blamed it on the other guy
The media is great at assigning blame
Sure, all men are created equal.
Heres the church, heres the steeple
Please stay tuned--we cut to sequel
ashes, ashes, we all fall down.
Please stay tuned