On Monday, as U.S. stock markets plunged, news emerged that senior economic adviser Gene Sperling is leaving the White House. Sperling is set to transition to Vice President Kamala Harris’s presidential campaign after President Joe Biden decided not to seek re-election and Harris secured the Democratic nomination.
The timing of Sperling’s departure has raised eyebrows, coinciding with significant declines in major stock indexes like the Dow, S&P 500, and Nasdaq. The Wall Street Journal described the situation as a “global selloff,” highlighting investor concerns about economic stability.
“Heck of a day for Biden’s economic advisor Gene Sperling to leave,” commented Charlie Spiering, senior political reporter for The Daily Mail, on X.
Conservative commentator Steve Guest remarked, “REMINDER: SS Kamalanomics is a sinking ship,” while Students for Trump co-chair Ryan Fournier added, “Great timing bud,” accompanied by a facepalming emoji. Social media influencer Rogan O’Handley, known as “DC Draino,” likened the situation to “rats fleeing a sinking ship.”
Former ESPN anchor Sage Steele expressed concern with a “Flushed Face” emoji in response to the news, while comedian Tim Young remarked, “So if you like how s***ty the economy is now… you’re definitely getting another 4 years of it if she gets elected.”
President Biden released a statement praising Sperling’s contributions, highlighting the economic relief provided by the American Rescue Plan, protection of union pensions, significant federal investments in public safety, and support for small businesses.
Meanwhile, the Republican National Committee’s “Research” account on X shared a video of Harris discussing “Bidenomics,” tagging the post with “KamalaCrash.” In the clip, Harris stated, “All that, ladies and gentlemen and everyone else — that is called Bidenomics,” followed by laughter and applause. She continued, “That is called Bidenomics — and we are very proud of Bidenomics!”
