With the markets setting a new single-day record for amount of wealth obliterated, the news wires announced the departure of WH economic advisor Gene Sperling.
Some hair-trigger reporting (Laura Loomer, for instance) connected these two events and suggested that Sperling was falling on his sword or something like that.
Not even close.
The REAL story is much, much worse.
The advisor left the White House, alright. But he didn’t slink out in shame for the crippling impact of Bidenomics.
Nope. He was getting pulled in to serve the NEXT would-be Democratic President, Kamala Harris.
White House senior adviser Gene Sperling is leaving his administration position to work with Vice President Kamala Harris’ election campaign as the Democrats step up efforts to challenge Donald Trump on policy issues in November’s election.
Sperling will be a senior economic adviser to Harris’ policy team. The shift was revealed by White House officials who spoke on condition of anonymity to discuss personnel matters.
Sperling served both Bill Clinton and Barack Obama as director of the White House National Economic Council. President Joe Biden Biden tasked him with managing his $1.9 trillion pandemic aid package, a role in which Sperling implemented the temporary expansion of the child tax credit. He was also the White House liaison to the union and car companies during the auto strikes.
“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,” Biden said in a statement obtained by The Associated Press. — AP
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