If you know music of the 1980s then you know this song by Simply Red, although a couple of things seem to have slipped my memory. First, I didn't really remember the direct jabs at Ronald and Nancy Reagan near the end of the song. In addition, according to Wikipedia this was the band's first single, released in 1985, with their first big smash "Holding Back The Years" not coming out until 1986. Somehow I had them reversed in my mind.
At any rate I think some artist should cover it now, updating the lyrics to refer to Mitt Romney and some other GOP frauds instead of the Reagans.