| What this country is comin' to
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| Some would like to know
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| If they don’t do something by and by
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| The rich will live and the poor will die
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| Doggone I mean the panic is on
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| Can’t get no work can’t draw no pay
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| Things are gettin' worser each and every day
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| Nothin' to eat no place to sleep
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| All night long folks are walkin' the street
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| Doggone I mean the panic is on
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| Saw a man this morning walking down the street
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| No shoes on his feet
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| You oughta seen the women in their flats
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| You could hear 'em sayin' «what kind of man is that?»
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| Doggone I mean the panic is on
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| All them landlords done raised the rent
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| Folks are gettin' broken and they’re badly bent
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| Where they get the dough from goodness knows
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| But if they don’t produce it in the street they go
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| Doggone I mean the panic is on
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| Some play numbers some read your mind
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| Some got rackets of all kinds
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| Some are trimmin' corns off of people’s feet
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| They got to do something just to make ends meet
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| Doggone I mean the panic is on
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| Some women sellin' apples some sellin' pie
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| Sellin' gin whiskey and rye
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| Some are sellin' socks to support their man
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| In fact some sellin' everything they can
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| Doggone I mean the panic is on
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| I’ve pawned my clothes I’ve pawned my everything
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| Pawned my jewlery my watch and ring
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| Pawned my razor but not my gun
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| If luck don’t change they’ll be some stealin' done
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| Doggone I mean the panic is on
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| Old prohibition’s ruined everything
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| That is why I must sing
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| Here’s one thing I want you all to hear
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| If they don’t bring back light wine gin and beer
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| Doggone the panic will be on |