Lyric discussion by jorbru 

I don't believe this song is about Scooter Libby, tka2013 (though i don't know who, if anyone, it specifically refers to).

"They're driving long nails into coffins"

means they are smoking a lot of cigarettes (coffin nails). something you might do in a stressful office environment.

"You've been having sleepless nights You've gone as quiet as a church mouse And checking on your rights"

means what it says.

"The boss has hung you out to dry And it looks as though Punish the monkey And let the organ grinder go"

Your boss is going to let you take the blame for something. You (the monkey) are not the person in power. The boss (organ grinder) is going to get away with whatever wrong-doing was done.

"you've been talking to a lawyer Are you gonna pretend That you and your employer Are still the best of friends"

The executive who will probably be blamed is getting a lawyer. There will probably be a lawsuit, but nobody is admitting it yet.

Here comes a policeman He won't be sidetracked He's asking 'bout a smoking gun He's after the bad

"It's a quiet life from here on in You dropped your poisoned cup The telephone is ringing But you're not picking up"

Should say "dropped your poison pill", which is also a corporate expression. Refers to effect of hostile takeover on the acquired company (stock options vest, that sort of thing - which is "poison" to the acquiring company). Hinting at more difficulties with keeping the job.

@jorbru Actually, the phrase IS "You've drunk your poisoned cup," a reference to the death of Socrates by drinking a CUP of highly poisonous hemlock, as decreed by of his Athenian critics.

Socrates was an ancient (~300 BCE) Greek philosopher famous for telling the truth at all costs, so when his critics brought him up before a kangaroo court and demanded he recant his heresies, he chose the other option offered to him -- drinking from the poisoned cup...

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