The Second Great Depression Lyrics

Lyric discussion by boredombredbricks 

Cover art for The Second Great Depression lyrics by Manic Street Preachers

It's "When you and me did nothing but smile", actually.

To me, this is about Richey; about the depression that he and all of them went through, and the fact that they thought it would blow over - but it didn't - "I can't believe I let it happen". It's about thinking of when they were young and happy, and how it all changed.