Lyric discussion by ReActor 

I think the lines like, "From this position, I totally get how the decision was reached" are (like a lot of James Murphy's lyrics) meant to be ironic. I think the song is about how all the bad things that happen in life wear you down and sap your energy. Eventually you reach a point where you can't take a definite position on any issue because you're too weak, and all you can resort to is the weary acceptance of both sides.

Hence the lines: "It's kind of like eating myself to death", "I'm coming back, coming back until there's nothing left in the well", "I'm paralyzed and looking through you", "as we compromised every good person", "to use up your desire for discovery", and particularly:

"So while times have been tough, and times have been tough / You've been put down, washed up, and rinsed out / But honestly, and be honest with yourself / How much time do you waste? How much time do you blow every day?"

Therefore, when he says "And it goes pow pow pow", "it" refers to modern life rocketing at you, hitting you with problems, difficulties and decisions, gradually beating you into submission. Just my interpretation.

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