[Verse 1]
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

[Chorus]
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 in 1929?

[Verse 2]
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

[Chorus]
Are we living now or is it 1929?
A dollar bill ain't worth one thin dime
Tricks are sometimes played upon the mind
Is it really now or 1929?

[Verse 3]
The devil's changed the candy flavorsome
Somehow we've gone to drugs instead of wine
But old Skid Row is still alive with the demon rum
Is it the eighties now or 1929?
[Chorus]
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?