Biden’s Eco­nom­ics Advis­er Leav­ing White House As Mar­kets Tum­ble

As U.S. stock mar­kets took a nose­dive, news broke on Mon­day morn­ing that senior eco­nom­ics advis­er Gene Sper­ling was leav­ing the White House.
Sources told the Asso­ci­at­ed Press that Sper­ling was tran­si­tion­ing to Vice Pres­i­dent Kamala Har­ris‘ pres­i­den­tial cam­paign after Pres­i­dent Joe Biden end­ed his re-elec­tion bid and Har­ris clinched the Demo­c­ra­t­ic Party’s pres­i­den­tial nom­i­na­tion.
While the report couched Sperling’s move as one to “chal­lenge” for­mer Pres­i­dent Don­ald Trump on pol­i­cy issues, many on social media not­ed the tim­ing. The Dow, S&P 500, and Nas­daq index­es all dropped in the morn­ing hours amid what The Wall Street Jour­nal called a “glob­al sell­off.”
“Heck of a day for Biden’s eco­nom­ic advi­sor Gene Sper­ling to leave,” The Dai­ly Mail senior polit­i­cal reporter Char­lie Spier­ing said in a post to X.

Heck of a day for Biden’s eco­nom­ic advi­sor Gene Sper­ling to leave pic.twitter.com/txgLJop1K2
— Char­lie Spier­ing (@charliespiering) August 5, 2024

“REMINDER: SS Kamala­nomics is a sink­ing ship,” quipped con­ser­v­a­tive com­men­ta­tor Steve Guest.
“Great tim­ing …