Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).

  • We got a sneak preview yesterday, when a Fox Business Network anchor pinned the Dow drop on Nevada caucus results, rather than on rising coronavirus infections outside of China.

Presidents receive too much credit and criticism for the economy, a popular maxim that we've seen manifested in past reelection results.

The state of play: The core validity of American capitalism wasn't at issue in those prior tilts. Bernie Sanders opens that door by virtue of his self-described democratic socialism, giving Trump a rhetorical shield unavailable to past incumbents. And the same goes for CEOs and boards, who normally bear the brunt of poor performance.

  • This isn't to say that such arguments would necessarily work, particularly given that GDP growth and corporate earnings both softened before Sanders surged.
  • Nor that they should work, as only one president at a time sets policy.
  • It's just that they may work, particularly when the only alternative for Trump and CEOs would be accepting blame.

The bottom line: Sanders, just by virtue of his ascendant existence, gives today's political and business leaders a "heads I win, tails you lose" response to whatever the economy throws at us heading into November.

Go deeper: Reality check on Bernie Sanders' biggest ideas

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Black workers overrepresented in essential work during coronavirus pandemic

Reproduced from Economic Policy Institute; Chart: Axios Visuals

On a percentage basis more white workers have lost their jobs since February, but that has largely been because black workers in the U.S. are much more likely to work front-line jobs considered essential during the coronavirus pandemic.

By the numbers: Black workers make up about one in nine workers overall, but about one in six front-line-industry workers, according to a study from the Center for Economic and Policy Research.

The growing focus on environmental justice could influence Biden's platform

Illustration: Aïda Amer/Axios

The killing of George Floyd in police custody and protests against systemic racism are prompting many green groups to declare their support for racial justice, and one thing to watch now is how this all might influence Joe Biden's platform.

Driving the news: Even before the recent mass upheaval in response to Floyd's death, Biden said he was expanding outreach and eyeing wider plans around environmental justice, or the disproportionate pollution burdens facing poor communities and people of color.

The biggest crisis since 1968

Illustration: Aïda Amer/Axios. Photo: Bettmann/Contributor

The year 1968 has been on a lot of people’s minds lately — another year of protests, violence and upheaval that seemed to be tearing the nation apart.

Yes, but: This crisis also has moments we’ve never seen before — and some historians and experts say the differences suggest that 2020 doesn't compare well at all.