You know, I think that is a really interesting interpretation - but it is going far beyond what we are actually given in the song - particularly, "Their struggle is what drew the preacher's attention." That's just made-up - there is nothing to indicate any kind of a "strumggle", IIRC (correct me if I'm wrong). As for why the speaker rejected Billie Joe (which is certainly implied), there is nothing to indicate it was for social-class reasons - you're reading that into it. All very interesting, nonetheless.
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