The debt situation overseas, rising inflation in China, and the U.S. deficit issue has caused a sell-off across the boards. To me this shows how little the President of the United States has and how powerful Congress is. If the United States loses its credit rating than China could pull out of the treasuries it owns. For the President, Geithner, and Bernanke having to speak the situation is getting worse. Earnings is not a focus because we all know many companies are financially sound after being able to save for the past 3-4 years. Could corporate America be taking over the government in the future? Could the U.S. be like the Roman empire? After all isn’t Greece asking for the private sector to bail them out?