Absurdity.
"Europe is broke because the primary activity of Europeans has been driving a car." Show us some evidence.
Europe is broke because it has the world's most comprehensive welfare state, and has had it for the longest time, along with labor laws that make it extremely expensive to hire workers for any purpose. Naturally, jobs and industry have been leaving those countries for many years. These policies are unsustainable (in the only true meaning of that word, the economic one) and kill prosperity.
Now Obama is enacting them in America. If he gets another 4 years, we're hosed.
At the rate things are going now, the collapse of the dollar will be only a few years behind the collapse of the euro. And it's because of those policies.
