On "poor people make bad decisions and falsely consider themselves victims":
This article quotes a (paywalled) WSJ article titled "Steve Bannon and the Making of an Economic Nationalist":
Quote:
On Oct. 7, 2008, in the cramped TV room of his modest home here, Marty Bannon watched with alarm as plunging stock markets dragged down his shares of AT&T, the nest egg he built during a 50-year career at the company....As he toggled between TV stations, financial analysts warned of economic collapse and politicians in Washington seemed to mirror his own confusion. So he did the unthinkable. He sold.
Quote:
Marty Bannon says he lost more than $100,000 because he sold the shares for less than he paid for them. It was a decision he made without consulting a broker or his family....[On] Oct. 6, financial analyst Jim Cramer told “Today” show viewers to pull money from the stock market if they needed any cash for the next five years. Steve Bannon says the warning spooked his father.
So, to recap, we have...
- Steve Bannon's idiot father making a rather poor financial decision that cost him six figures because Jim Cramer told him to
- this poor financial decision of his father instilled an incredibly deep sense of victimhood into Steve Bannon that motivates him to this day