On Monday, senior economic adviser Gene Sperling announced his departure from the White House, coinciding with a significant drop in U.S. stock markets. Sperling will be joining Vice President Kamala Harris’s presidential campaign after President Joe Biden decided not to run for re-election and Harris secured the Democratic nomination.
The timing of Sperling’s exit has sparked reactions as major stock indexes like the Dow, S&P 500, and Nasdaq experienced sharp declines. The Wall Street Journal attributed the market turmoil to a “global selloff,” adding 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 added, “Great timing bud,” with a facepalming emoji. Social media influencer Rogan O’Handley, also 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 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 Biden praised Sperling for his contributions, highlighting 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,” tagging it with “KamalaCrash.” In the video, Harris stated, “All that, ladies and gentlemen and everyone else — that is called Bidenomics,” followed by laughter and applause. She added, “That is called Bidenomics — and we are very proud of Bidenomics!”
