Biden's solid economic blueprint is tied to vaccines, stimulus - Axios

Joe Biden assumed office with more economic upside than any other president in recent history.

Between the lines: Presidencies are creatures of circumstance. For Biden, it's a smoldering economy atop a solid foundation, with a rebuild plan whose primary materials (vaccines and stimulus) are in unusually high supply. If economic arrows turn red, it likely means Biden botched the blueprint.

Joe Biden assumed office with more economic upside than any other president in recent history.

Between the lines: Presidencies are creatures of circumstance. For Biden, it's a smoldering economy atop a solid foundation, with a rebuild plan whose primary materials (vaccines and stimulus) are in unusually high supply. If economic arrows turn red, it likely means Biden botched the blueprint.

A big difference between 2020 and past recessions is that 2020 was caused by an event exogenous to the economy. The economy was the victim, not the culprit.

But, but, but: Tailwinds don't necessarily result in a smooth flight. In fact, Biden's biggest risk could be the fact that American business, investors and most voters expect success. Anything short of the Roaring 20's (Part 2) would be viewed as an economic embarrassment.

The bottom line: Never before has a bad economy looked so good for a presidential legacy.

https://www.axios.com/biden-economy-recovery-9ef6ecc0-bb37-46be-8dbc-74a7aa3932c1.html?deepdive=1