Democrat President Joe Biden’s top economic advisor is leaving the lame-duck White House team to join Kamala Harris’s presidential election campaign.
On Monday, Biden announced that his senior “Bidenomics” advisor Gene Sperling is joining the Harris campaign.
Biden made the announcement on the same day that markets suffered the biggest meltdown in years.
The global “Black Monday” market crash came amid concern of a potential economic crisis.
However, despite the crash being led by fears of a deeper U.S. recession, which is caused by Biden’s economic policies, Sperling is apparently being tapped to serve in a potential Harris administration.
“When I took office, our economy was reeling, a pandemic was raging, and hundreds of thousands of small businesses across the country were at risk of shutting their doors,” Biden said in a Monday statement as Wall Street imploded.
“Having run Recovery Act implementation for President Obama, I knew I needed an American Rescue Plan Coordinator with the expertise and experience to hit the ground running.
“I’m glad I picked Gene Sperling.”
As Sperling departs his post where he helped roll out Biden’s first pandemic aid package, the Dow Jones Industrial Average and Nasdaq plunged 1,000 points each, according to Fox Business.
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