* Paul Farhi reports that the mighty have fallen:
Stephen K. Bannon stepped down as executive chairman of Breitbart News Network on Tuesday, bringing an end to his relationship with the far-right website that he helped become widely influential and which in turn abetted his rise as a political advisor and would-be kingmaker.Bannon’s departure was a humbling denoument for a figure who had reached the uppermost levels of power only a year ago. It leaves him with no evident platform to promote his views and no financial basis for his preferred candidates.
The lesson here is that if you’re going to ride Trump to power, your power is going to depend on sucking up to him.
* Andrew Desiderio reports that a bipartisan group in Congress was all set to make a fix to the ACA until pro-life activists convinced Vice President Pence it didn’t do enough to restrict women’s reproductive rights, so he killed it.
* Robert Schlesinger reminds us that for all of Donald J. Trump’s complaints about a “deep state” plot against him, the biggest beneficiary of “deep state” intervention in an election was actually one Donald J. Trump, in 2016.
* And Damian Paletta and Anne Gearan report that Trump will be the first president in 20 years to go to the World Economic Forum in Davos.
I’m certain he’s doing this in the hopes that all those billionaires will suck up to him and he’ll feel important and admired. Just wait what happens when they decide not to treat him the way he wants.