MORE PROOF THAT EUROPE'S ERA OF AFFLUENCE COMING TO AN END

BBC: Figures from industry bodies indicate that bicycles outsold cars in 26 of the European Union's 28 states in 2012.

EUROPEANS CAN'T AFFORD CARS ANYMORE. AND/OR CAR TAXES AND GAS TAXES.

EUROPE'S POST-WW2 ERA OF AFFLUENCE IS COMING TO END.

WHY?

ONE WORD:

SOCIALISM.

SIGH...

EUROPE DID NOT HAVE BUSH TAX CUTS FOR THE RICH, OR TWO "UNFUNDED" WARS, OR MASSIVE DEREGULATION FOR BIG BUSINESS.

EUROPE DOES HAVE AN UNAFFORDABLE WELFARE STATE AND YOUTH UNEMPLOYMENT THAT HAS REACHED FRIGHTENING LEVELS.

AND TAXES ARE ALREADY SO HIGH, THEY CAN'T RAISE THEM ANY HIGHER.

THEY NEED ANOTHER THATCHER AND ANOTHER POPE JP2, BUT INSTEAD THEY HAVE HOLLANDE AND CAMERON AND POPE FRANCIS - SEEMINGLY A MARXIST.

IF EUROPEANS DON'T CHANGE THEIR LEADERSHIP SOON, THEN THIS WILL NOT END WELL.

SIGH...