Hard Wire

Sperling Resigns From Position

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Let’s dive into the latest shake-up in Washington, D.C., because it’s a big one! On the same day the U.S. stock markets took a steep dive, news broke that senior economics adviser Gene Sperling was stepping away from the White House. And where’s he headed? Straight to Vice President Kamala Harris’s presidential campaign. Yep, that’s right—after President Joe Biden decided not to run for re-election, Harris officially snagged the Democratic Party’s nomination.

Now, let’s talk about timing because this move has a lot of people raising their eyebrows. The Dow, S&P 500, and Nasdaq all took serious hits on Monday morning, part of what The Wall Street Journal called a “global selloff.” So, why would one of Biden’s top economic advisers choose this particular moment to jump ship? That’s what many on social media are asking, with reactions ranging from humor to outright skepticism.

For instance, Charlie Spiering from The Daily Mail pointed out the odd timing, saying, “Heck of a day for Biden’s economic advisor Gene Sperling to leave.” Others took a more biting approach, like Steve Guest, who quipped, “REMINDER: SS Kamalanomics is a sinking ship.” And then there was Students for Trump co-chair Ryan Fournier who summed it up with a sarcastic “Great timing bud,” complete with a facepalming emoji.

But the real zinger came from comedian Tim Young, who didn’t hold back, saying, “So if you like how s***ty the economy is now… you’re definitely getting another 4 years of it if she gets elected.” Ouch.

On the flip side, the White House put out a statement from President Biden, praising Sperling for his contributions. Biden highlighted Sperling’s role in the American Rescue Plan and his efforts to keep small businesses afloat and protect union pensions. But even this couldn’t stop the snark on social media.

The Republican National Committee’s “Research” account also jumped in, sharing a video of Harris touting “Bidenomics” with the hashtag “KamalaCrash.” The clip shows Harris confidently saying, “That is called Bidenomics — and we are very proud of Bidenomics!” But given the economic turbulence, the timing of this statement just adds fuel to the fire.

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