Staff Reports
The Biden administration has once again demonstrated a stunning lack of awareness regarding the economic calamity it has helped create. Amid a tumultuous market and soaring inflation, the White House is losing one of its key economic players, Gene Sperling. His resignation timed perfectly with a significant downturn in global markets, speaks volumes about the chaos that has enveloped the Biden-Harris team and their handling of the economy.
Under the leadership of Joe Biden and Kamala Harris, the economy has been a tale of disaster. Inflation, a direct product of their policies, has continued to plague American families. To add insult to injury, the Federal Reserve’s interest rate hikes have made it increasingly difficult for ordinary citizens to make ends meet. Rather than taking decisive action to alleviate these burdens, the administration seems more focused on spinning the narrative in their favor by declaring their economic policies a success, ignoring the reality that millions are struggling.
"We have never been down 1,000+ points — EVER, not even intraday — on the Nasdaq."#KAMALACRASH pic.twitter.com/iCXN83vOkQ
— RNC Research (@RNCResearch) August 5, 2024
As markets plummet and fears of a recession loom, Biden’s reaction has been as tone-deaf as ever. In light of Sperling’s exit, Biden expressed his satisfaction with the advisor’s contributions, lauding the American Rescue Plan as a significant achievement. This so-called “rescue” has done little to rescue everyday Americans; instead, it has ushered in a level of economic distress that showcases how disconnected Biden truly is from the struggles of the populace.
Kamala Harris, always eager to deflect responsibility, has continued to spin tales of blame on “greedy corporations” whenever the economy is brought into question. This refusal to confront the reality of inflation signifies a woeful lack of leadership. Those looking for a silver lining in Sperling’s departure should brace themselves, as he is reportedly joining Harris’s campaign, suggesting that if elected, she would offer more of the same dismal governance that has characterized the Biden administration.
The fleeting support Harris has enjoyed in the polls will soon face harsh scrutiny as the economy continues to falter under Democratic leadership. Initially lauded as a refreshing alternative to the aged Biden, her time in the spotlight is quickly dimming as economic truths become impossible to ignore. The over-sampling of Democrats in polls won’t shield her from the fallout of her administration’s failures. As the Biden-Harris duo remains in office, Americans must brace themselves for a turbulent road ahead, one that far too many have already begun to navigate without any real guidance from their leaders.
