MELISSA BLOCK, host:

All the bad economic news has inspired Loudon Wainwright III to write a song. It's not intended to cheer us up. It's called "Times is Hard."

(Soundbite of song, "Times is Hard")

Mr. LOUDON WAINWRIGHT III (Musician): (singing) Times is hard. Times is tough. Nothing's easy, it's all rough. Not much right. So much gone wrong all, I can do is play this song. You're watching the news it all looks bad. The worst half hour you ever had. What in God's name is going on? All I can do is play this song.

You're losing your job, your house and your car. Hit rock bottom, don't feel that far. Nothing good is going to come along. All I can do is play this song. Folks is scared watching that news. Folks feel bad, they're getting the blues. My poor stomach, it ain't that strong. All I can do is play this song.

Times is rough. Times is hard. Take a pair of scissors to your credit card. Circuit City just said so long. All I can do is play this song. Who's at fault? Who gets the blame? Let's string up Bernie What's His Name and ask Alan Greenspan to come along. All I can do is play this song.

They want your gold and they'll pay cash. The only silver lining is the price of gas. Money's short and the odds are long. All I can do is play this song. The factories closed. The bank is bust. All the money, it says, "In God We Trust," so pray for all your stocks and bonds. All I can do is play this song.

Outta luck. Outta hope. I'm wondering why I even cast that vote. I took that sign off of my front lawn. All I can do is play this song. There's a new man down there in D.C. They say he's gonna help you and me. They sure know how to bang the gong. All I can do is play this song.

Last man in D.C., he had eight years. Whole damn country is in arrears. We got two, three, four wars going on. All I can do is play this song. Times is hard. Times is rough. I guess you folks need some cheering up. Well it ain't me, babe. You got that wrong. All I can do is play this song.

You heard it here. I sang it first. Don't feel so bad, things are gonna get worse. Consider yourselves all strung along. All I can do is play this song. All I can do is…

BLOCK: Songwriter and actor, Loudon Wainwright III, with his song, "Times is Hard."

(Soundbite of music)

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