All my life I've heard about hard depression days
They so resemble times we're living now
And old news of yesteryear sounds like yesterday
And hunger lines always look the same somehow

Are we living now or is it 1929
A dollar bill ain't worth one thin dime
And tricks are sometimes played upon the mind
Are we living now or 1929

Old songs tell about the way it was back then
I think I've sung ‘em all from time to time
It looks like we are headed for the same old fall again
But a hard depression blues would sure do fine

Are we living now or is it 1929
A dollar bill ain't worth one thin dime
And tricks are sometimes played upon the mind
Are we living now or 1929

The devil's changed the candy flavor some
Somehow we've gone to drugs instead of wine
But old skid row is still alive where the demons run
Is it the eighties now or 1929

Are we living now or is it 1929
A dollar bill ain't worth one thin dime
And tricks are sometimes played upon the mind
Is it really now or 1929