A very perceptive article: http://seattlepi.nwsource.com/opinion/162066_focus29.html
Some highlights:
As sharp critics who, nevertheless, love our home, we tried to point out that the America simplistically rendered in the children's drawings was a mere caricature, that our country, like theirs, is a complex society struggling to make real its founding principles of liberty, justice and equality. But it was impossible to move the conversation far from the president and his triumphalist foreign policy. Europeans are preoccupied with their disdain of Bush.
Bush-hating has also given Europeans a marvelous distraction from their own failures; their failure in the Balkans, their failure to come up with a constitution for the European Union, their failure to build an independent military force, their failure to put together a single, coherent European foreign policy. In so many ways, Europeans who once ran the world now feel impotent to affect international events or even get their own house in order. They float like a lovely but rudderless old yacht in the surging wake of an American aircraft carrier.
So, Europeans do the one thing that makes them feel superior: revile Bush, the lunatic cowboy, and all those gun-toting, overweight, money-obsessed, religion-crazed Americans who chose him as their president.