Lyric discussion by Shatter 

Cover art for Here Come Cowboys lyrics by Psychedelic Furs, The

Sarcasm aimed at the impending ultra-conservative politics which would come to dominate the eighties...

"here come cowboys they're no fun at all"

and

"it really gets to be a drag when all we really need is love"

perhaps also a poke at the failure of the '60s generation to succeed in their aims which brought this mess about in the first place.

My Interpretation

Cowboys = Ronald Reagan

Sarcastic song about "Cowboys" (ie: political right wing) coming to save us. Butler was a savant too: Bush, W, et. al.