Gene Sperling, President Joe Biden’s senior economic adviser, announced his departure from the White House on Monday amid a steep decline in U.S. stock markets. Sperling is joining Vice President Kamala Harris’s presidential campaign following Biden’s decision to end his re-election bid and Harris clinching the Democratic nomination.
The announcement coincided with a sharp drop in major stock indexes, including the Dow, S&P 500, and Nasdaq, which The Wall Street Journal attributed to a “global selloff.” This timing has sparked significant reactions on social media.
“Heck of a day for Biden’s economic advisor Gene Sperling to leave,” remarked Charlie Spiering, senior political reporter for The Daily Mail, on X.
“REMINDER: SS Kamalanomics is a sinking ship,” quipped conservative commentator Steve Guest. Students for Trump co-chair Ryan Fournier added, “Great timing bud,” with a facepalming emoji, while social media influencer Rogan O’Handley, known as “DC Draino,” compared the situation to “rats fleeing a sinking ship.”
Former ESPN anchor Sage Steele responded with a “Flushed Face” emoji, and 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 Biden praised Sperling for his work, highlighting achievements under the American Rescue Plan, 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 promoting “Bidenomics,” tagged with “KamalaCrash.” In the video, Harris declared, “All that, ladies and gentlemen and everyone else — that is called Bidenomics,” followed by applause. She added, “That is called Bidenomics — and we are very proud of Bidenomics!”
