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This is an environmental horror story based on the story of a couple of days ago in which George Bush gave the Navy the full speed ahead on blasting the hell out of whale and dolphin eardrums using ultra-sonar waves. So now it's "Fuck you, whales!" and the Navy drives all the whales insane, and they all beach themselves and die, but, well, fuck 'em, just fuck 'em all. And that's the official line as they continue their tests.
But then the ultimate sea beastie, who has also been driven insane by the tests, finally surfaces, going Raawwwrraoooorrrr! Which roughly translates as "Fuck me? Fuck you!!!! Whatcha think about that?" Buildings topple, everything is blowing up. And then all the people are crying and dying and talking about how innocent they are and how they don't deserve it, and how terrible it all is that one species seems to be so dedicated to wiping out another species, and how it's so unfair and everything.
That's what Cloverfield is about. I haven't seen it, and should therefor not be entitled to utter an opinion about it, but that's my theory about Cloverfield, and I'm sticking with it.