The song was a reaction to the varying difficult issues facing America in the late 1970s – the fallout from the Watergate scandal, the simultaneous double-digit inflation, unemployment, and prime interest rates (leading to the misery index), and the 1979-1981 Iran Hostage Crisis.

Notwithstanding all the problems America was facing, the song described a patriotic, united America which would overcome the obstacles and return to its greatness ("we'll all stick together and you can take that to the bank / That's the cowboys and the hippies and the rebels and the yanks").

#13 back in 1980 - how about today?

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