Rough, just an idea, might be ok, might need a first verse, might be just something to hang onto for the melody. I like the old style of it and the potential for harmony. As it stands, I suppose the story might be too vague without having some background.
Mike I like it alot. The potential for harmonies is definitely there. Maybe a fiddle in the background too. I think the line "hearts were burning" would read better as "hearts were lifted" and "You can do what you do" sounds a little vauge. Maybe something like "the rest is up to you". Just suggestions the song is already strong so you can keep or sweep the suggestions. Good luck with it.
"Race'd a chevelle down on Griffin road,
snapped a belt and had to have it towed.
Talk was cheap but the action was fun,
and if we fought we didn't have no guns"