OF THE
TIMES
Steve Bannon finding opportunity and happiness in the arms of a new billionaire benefactor, Miles Kwok, aka Guo Wen Gui. Mercer is yesterday's mashed potatoes... pic.twitter.com/m88VI09Leg[Ed note: The tweet has been deleted]
- MATT DRUDGE (@DRUDGE) January 4, 2018
[...]
The Mercers were blunt on Thursday in cutting the cord, reiterating support for Mr. Trump while disavowing Mr. Bannon's remarks and disowning his political endeavors. "My family and I have not communicated with Steve Bannon in many months and have provided no financial support to his political agenda, nor do we support his recent actions and statements," Rebekah Mercer, Mr. Mercer's daughter, said in a statement. "I have a minority interest in Breitbart News and I remain committed in my support for them."
The reference to Breitbart seemed an implicit threat. Mr. Bannon is chairman of Breitbart, and many staff members there believe there is a strong chance he might lose the job, though he was dismissive of that possibility on the site's daily editorial conference call on Thursday night, according to one person with knowledge of the call.
Mr. Bannon's predicament highlights a stark reality in American politics, unchanged even after Mr. Trump's convention-defying victory: The influence of even the most influential political strategists is inextricably linked to the donors behind them and the politicians in front of them.
"If Trump is openly breaking with him, that dramatically lowers his capital," said Dan K. Eberhart, an Arizona oil investor and Republican donor who has spoken to Mr. Bannon about his plans to build an antiestablishment political operation. "He is a strategic thinker, and a lot of the things he said make sense, but this stuff from the book - I'm not going to defend that."
[...]
The loss of the Mercer family's support will be particularly hard for Mr. Bannon to overcome. The Mercers began drifting from Mr. Bannon months ago amid concerns about how the controversy he was generating was affecting the family, according to family associates. The Mercers were upset further when they learned that Mr. Bannon had privately boasted that they would back him if he ran for president, according to one family associate.
The family has pumped tens of millions of dollars into businesses and groups that formed the platform from which Mr. Bannon has waged his populist antiestablishment crusade. Besides their share of Breitbart, they are invested in the political data firm Cambridge Analytica, where Mr. Bannon sat on the board, and the investigative nonprofit group Government Accountability Institute, which Mr. Bannon co-founded.
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