Really? I know these things are subjective, but the more I play it, the more I love it.
Are you playing it on the right equipment? Are you playing it loud enough?
It's a great track, imho.
It's not really the sound and the instrumentation, which are fine for what they are, but I just find the song lacking in the qualities I look for in a Morrissey song: charm, wit, tenderness, melody. Just the other day I went running and gave Ringleader a spin, which I consider my least favourite of Morrissey's self-penned albums in the 21th century, and was surprised how much I liked even the lesser tracks on it. But I'm glad that you like Bobby.