As <a href="https://www.dailywire.com/news/dow-drops-more-than-1000-points-as-global-markets-plunge-amid-recession-fears" target="_blank" rel="noopener">U.S. stock markets took a nosedive</a>, news broke on Monday morning that senior economics adviser Gene Sperling was leaving the <a href="https://www.dailywire.com/topic/white-house" target="_blank" rel="noopener">White House</a>.
Sources <a href="https://apnews.com/article/biden-campaign-sperling-gene-pandemic-07a9c4667c02dc9fba3ae09e08401549" target="_blank" rel="noopener">told the Associated Press</a> that Sperling was transitioning to Vice President <a href="https://www.dailywire.com/topic/kamala-harris" target="_blank" rel="noopener">Kamala Harris</a>&#8216; presidential campaign after President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> ended his re-election bid and Harris clinched the Democratic Party&#8217;s presidential nomination.
While the report couched Sperling&#8217;s move as one to &#8220;challenge&#8221; former President Donald Trump on policy issues, many on social media noted the timing. The Dow, S&amp;P 500, and Nasdaq indexes all dropped in the morning hours amid what <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-08-05-2024" target="_blank" rel="noopener">The Wall Street Journal called</a> a &#8220;global selloff.&#8221;
&#8220;Heck of a day for Biden&#8217;s economic advisor Gene Sperling to leave,&#8221; The Daily Mail senior political reporter Charlie Spiering <a href="https://x.com/charliespiering/status/1820455701023424958" target="_blank" rel="noopener">said</a> in a post to X.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Heck of a day for Biden&#39;s economic advisor Gene Sperling to leave <a href="https://t.co/txgLJop1K2">pic.twitter.com/txgLJop1K2</a>
&mdash; Charlie Spiering (@charliespiering) <a href="https://twitter.com/charliespiering/status/1820455701023424958?ref_src=twsrc%5Etfw">August 5, 2024</a></blockquote>
&#8220;REMINDER: SS Kamalanomics is a sinking ship,&#8221; <a href="https://x.com/SteveGuest/status/1820459918568087865" target="_blank" rel="noopener">quipped</a> conservative commentator Steve Guest.
&#8220;Great timing bud,&#8221; <a href="https://x.com/RyanAFournier/status/1820456273374023860" target="_blank" rel="noopener">said</a> Students for Trump co-chair Ryan Fournier, who also included a facepalming emoji.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
BREAKING: Biden’s top economic advisor, Gene Sperling announced he is leaving the WH today.
Great timing bud. 🤦🏻‍♂️
&mdash; Ryan Fournier (@RyanAFournier) <a href="https://twitter.com/RyanAFournier/status/1820456273374023860?ref_src=twsrc%5Etfw">August 5, 2024</a></blockquote>
&#8220;Like rats fleeing a sinking ship,&#8221; <a href="https://x.com/DC_Draino/status/1820461601658712331" target="_blank" rel="noopener">said</a> social media influencer Rogan O’Handley, better known as &#8220;DC Draino.&#8221;
Former ESPN anchor Sage Steele responded to the news by <a href="https://x.com/sagesteele/status/1820463835016474891" target="_blank" rel="noopener">simply posting</a> an emoji showing a &#8220;Flushed Face,&#8221; evoking concern.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
😳 <a href="https://t.co/mrSoaSDbNv">https://t.co/mrSoaSDbNv</a>
&mdash; Sage Steele (@sagesteele) <a href="https://twitter.com/sagesteele/status/1820463835016474891?ref_src=twsrc%5Etfw">August 5, 2024</a></blockquote>
&#8220;Biden&#8217;s top economic advisor, Gene Sperling announced today that he&#8217;s leaving the White House to work on Kamala&#8217;s campaign&#8230;,&#8221; <a href="https://x.com/TimRunsHisMouth/status/1820471248188805132" target="_blank" rel="noopener">said</a> comedian Tim Young. &#8220;So if you like how s***ty the economy is now&#8230; you&#8217;re definitely getting another 4 years of it if she gets elected.&#8221;
The White House released a statement from President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> that praised Sperling for his work in the administration.
<a href="http://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=http://www.amiracist.com/&amp;source=gmail&amp;ust=1722954638989000&amp;usg=AOvVaw2h4_GXX2w1UYpx8R3FKqzi">WATCH THE TRAILER FOR ‘AM I RACIST?’ — A MATT WALSH COMEDY ON DEI</a>
&#8220;Under Gene’s leadership, the American Rescue Plan has delivered economic relief to cities and counties across the country, protected millions of union pensions, made the largest-ever federal investment in public safety, and kept thousands of small businesses afloat,&#8221; Biden said.
The Republican National Committee&#8217;s &#8220;Research&#8221; account on X <a href="https://x.com/RNCResearch/status/1820457755322298405" target="_blank" rel="noopener">shared</a> a video showing Harris delivering remarks along with the hashtag &#8220;KamalaCrash.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&quot;Bidenomics. Ha ha ha ha! That is called Bidenomics — and we are very proud of Bidenomics!&quot;
— Kamala Harris<a href="https://twitter.com/hashtag/KamalaCrash?src=hash&amp;ref_src=twsrc%5Etfw">#KamalaCrash</a> <a href="https://t.co/JwXWeePr1m">pic.twitter.com/JwXWeePr1m</a>
&mdash; RNC Research (@RNCResearch) <a href="https://twitter.com/RNCResearch/status/1820457755322298405?ref_src=twsrc%5Etfw">August 5, 2024</a></blockquote>
In the clip, Harris said, &#8220;All that, ladies and gentlemen and everyone else — that is called Bidenomics.&#8221; After laughing amid some applause, she added, &#8220;That is called Bidenomics — and we are very proud of Bidenomics!&#8221;

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Biden’s Economics Adviser Leaving White House As Markets Tumble