What happens when the stories that built a political movement start to unravel? Michael Steele examines the machinery of modern conspiracy politics — how it powered President Donald Trump’s rise, and why he now appears to be stepping back from the very narratives that energized his base. This isn’t just about one figure or one scandal. It’s about how conspiracy thinking evolves, how the “Epstein class” conversation lingers in the public imagination, and why these narratives don’t simply disappear when leaders pivot.

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