'Morning Joe' Warns We Haven't Seen the Last of Steve Bannon - and the Worst Is Yet to Come

If you thought Steve Bannon's ouster from the National Security Council was the end of his political career, think again. 

"There's actually more to the story," explained "Morning Joe" co-host Mika Brzezinski Thursday.

As it turns out, the former executive chair of Breitbart still has plenty of pull. After feuding with the Freedom Caucus over the GOP health care bill and fending off attacks from the left, Bannon was reportedly exhausted and threatened to take his "talents" elsewhere. 

"But he didn't quit, and no, the Trump team didn't didn't fire him... they did something actually much worse than firing Steve Bannon," noted Scarborough. "They put him in charge of health care." 

Scarborough called the move "classic."

"This is part of a death spiral," he continued, referencing Trump's plunging poll numbers and his son-in-law Jared Kushner's growing influence in the administration.

According to Scarborough, the move simply put Bannon "one step closer to running a super PAC."

MSNBC analyst Mark Halperin agreed: "There's no doubt of a shakedown," which, he asserted, could result in major policy changes in the coming weeks. 

Scarborough remains skeptical that anything good will come of the fallout.

"We can never judge Donald Trump by one thing that he does," he concluded. "Because he'll do something later that day that's deeply offensive." 

Watch: