1. Biden's economic luck

Photo illustration of Joseph Biden smiling with an upwards trending line and stars
Photo illustration: Eniola Odetunde/Axios. Photo: Kyle Rivas/Stringer via Getty Images

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.

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