This song is one huge reference to the extremely popular and extremely right-wing radio shows hosted by such people as Rush Limbaugh, Watergate burglar G. Gordon Liddy, and son of Ronald Reagan, Michael Reagan. They all put forth similar reactionary agendas over the US airwaves. Below is a lyric analysis.
The line "crosses and kerosene" refers to the practice, by the Ku Klux Klan, of burning crosses in the front yards of people they wish to threaten.
"The same one that ran around Managua wit a sword" - During the Iran-Contra affair in the mid 1980s, Oliver North and company funded the counterrevolutionaries in Nicaragua, based in Managua.
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