**Gene Sperling Warns Investors of Economic Risks Under Trump**

Gene Sperling, a senior adviser to Kamala Harris' presidential campaign, recently delivered a stark warning to investors and banking institutions about the potential economic turmoil that could accompany a second term for former President Donald Trump. Speaking at an event hosted by the Institute of International Finance, Sperling emphasized the potential threat to the U.S. economy, asserting that underestimating this danger would be a grave mistake.

"If you don't think that is a clear and present danger to the economy, you are not paying attention," Sperling stated. His remarks were part of an onstage Q&A with POLITICO's Zach Warmbrodt, where he stressed the impending economic chaos that could arise. Sperling highlighted Trump's inflammatory rhetoric, including his characterization of some Americans on the left as "the enemy within," and recent assertions from Trump's former chief of staff, John Kelly, who labeled Trump as a "fascist."

Sperling's comments aimed to bolster the Democrats' primary narrative for their voters and donors: that Trump poses an existential threat. He cited significant economic improvements as evidence of current stability and growth. "We've had $988 billion of increase in investment, including foreign investment," Sperling noted, adding that there has been a doubling of factory investment from the levels in 2018 and 2019. He posited that companies are increasingly choosing to build their futures in the United States, thanks in part to Biden-era investments in infrastructure, semiconductors, and green energy.

Additionally, Sperling underscored that the rule of law and an independent central bank are crucial factors contributing to this economic success. He expressed concern that a second Trump term could jeopardize these pillars by appointing less responsible officials. "Do you think if people look at the United States and see a president weaponizing and privatizing his government... the United States is going to be the same magnet for investment?" Sperling challenged the audience.

In contrast, Trump dismissed Kelly's criticism via a post on Truth Social, calling Kelly a "LOWLIFE" and a bad General whose advice he no longer followed. This exchange has heightened the conversation around Trump's potential re-election, with many focusing on the claims of authoritarianism brought forth by his former chief of staff.

Simultaneously, the Republican Party is adjusting their campaign strategies. GOP groups have reallocated their financial resources, reducing spending in Montana while increasing their investments in Pennsylvania and entering the Nevada race for the first time. This shift indicates a growing confidence among Republicans in their electoral strategy.

Sperling's foreboding message to the financial community underscores the high stakes and economic implications tied to the upcoming election, intensifying the already heated political landscape.