As U.S. stock markets plummeted on Monday, senior economic adviser Gene Sperling announced his departure from the White House. Sources revealed that Sperling will be joining Vice President Kamala Harris’s presidential campaign following President Joe Biden’s decision to end his re-election bid and Harris securing the Democratic nomination.
The announcement came as major stock indexes, including the Dow, S&P 500, and Nasdaq, experienced significant losses. The Wall Street Journal reported a “global selloff,” which added to the timing’s scrutiny.
“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.
“REMINDER: SS Kamalanomics is a sinking ship,” said conservative commentator Steve Guest. Students for Trump co-chair Ryan Fournier sarcastically noted, “Great timing bud,” with a facepalming emoji, and social media influencer Rogan O’Handley, known as “DC Draino,” compared the situation to “rats fleeing a sinking ship.”
Former ESPN anchor Sage Steele reacted with a “Flushed Face” emoji, while comedian Tim Young commented, “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 for his role in the administration, citing the economic relief delivered through the American Rescue Plan, the protection of union pensions, significant federal investments in public safety, and support for small businesses.
The Republican National Committee’s “Research” account on X shared a video of Harris discussing “Bidenomics,” tagged with “KamalaCrash.” In the clip, Harris proclaimed, “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!”
