On Monday, as U.S. stock markets experienced a significant downturn, news broke that senior economic adviser Gene Sperling is leaving the White House. Sources told the Associated Press that Sperling is transitioning to Vice President Kamala Harris’s presidential campaign after President Joe Biden ended his re-election bid and Harris secured the Democratic Party’s nomination.
The timing of Sperling’s departure coincides with a sharp drop in major stock indexes like the Dow, S&P 500, and Nasdaq. The Wall Street Journal described the situation as a “global selloff,” amplifying concerns about the 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 (formerly Twitter).
Conservative commentator Steve Guest remarked, “REMINDER: SS Kamalanomics is a sinking ship,” while Students for Trump co-chair Ryan Fournier sarcastically noted the “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.”
In a statement, President Joe Biden praised Sperling’s contributions, highlighting the economic relief provided by the American Rescue Plan, protection of union pensions, investments in public safety, and support for small businesses.
Meanwhile, the Republican National Committee’s “Research” account on X shared a video of Harris praising “Bidenomics,” labeling the market downturn as the “KamalaCrash.” In the clip, Harris stated, “All that, ladies and gentlemen and everyone else — that is called Bidenomics,” and added, “That is called Bidenomics — and we are very proud of Bidenomics!”
