>> he has been warning us for years about where we could be in just a decade if america follows in europe's socialistic footsteps. >> bankrupt. and with your credit gone. where we are now, in fact. >> i have been 11 years in the european parliament so i have seen it firsthand, the kind of model towards which your current administration is taking you. european healthcare, european daycare, european social security, european -- >> everything. >> and believe me you are not going to like it. the bits of europe failing, the welfare system, the high unemployment, that's what you are coping. >> it's left the european economy in shambles with a number of nearly bankrupt governments and unemployed at