I didn't know Bernie Taupin wrote the lyrics to this song. Man, that's gotta sting.
But if I was making a list of Awful, Terrible Songs, I'm not sure I would have even included this one, mostly because I wouldn't remember it existed. Maybe that's what makes it bad--it was in constant rotation in the 80s, but as soon as they stopped playing it regularly I just... forgot it existed.
Looking at various lists of "Worst Songs" always confuses me. A lot of them are just really popular songs that got overplayed. Wikipedia's page says the Spandau Ballet's "True" is one, which is just nuts.