U.S. stocks fell more than 1 percent on Thursday, pressured by continued uncertainty over the timing of a rate hike and low oil prices.
"The market has really taken a pessimistic stance vis-a-vis the Fed," said Dave Schiegoleit, a senior portfolio manager with The Private Client Reserve of U.S. Bank in Los Angeles.
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"We cannot expect the Americans to jump from capitalism to Communism, but we can assist their elected leaders in giving Americans small doses of socialism until they suddenly awake to find they have Communism." -- Soviet Leader Nikita Khrushchev, 1959
“The problem with socialism is that you eventually run out of other peoples’ money.” -- Margaret Thatcher
"Were we directed from Washington when to sow, and when to reap, we should soon want bread." --Thomas Jefferson
"A government big enough to give you everything you want is strong enough to take everything you have." -- Thomas Jefferson
When government doesn’t agree with the people, it’s time to change the people -- Bertolt Brecht (obviously a Progressive)
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” -- Sir Winston Churchill
The best way to take control over a people and control them utterly is to take a little of their freedom at a time, to erode rights by a thousand tiny and almost imperceptible reductions. In this way the people will not see those rights and freedoms being removed until past the point at which these changes cannot be reversed. -- Adolf Hitler
"All this was inspired by the principle - which is quite true in itself - that in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate colossal untruths, and they would not believe that others could have the impudence to distort the truth so infamously." - Adolf Hitler
“The press should be not only a collective propagandist and a collective agitator, but also a collective organizer of the masses… When one makes a Revolution, one cannot mark time; one must always go forward – or go back. He who now talks about the “freedom of the press” goes backward, and halts our headlong course towards Socialism.” --Vladimir Lenin
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