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Trump speaking at World Economic Forum. Photo: Xinhua/Xu Jinquan via Getty Images

Imagine a world without Twitter and "Fox & Friends." Imagine a more restrained President Trump, like we saw onstage in Davos — sans the impulsive and offensive rants against Muslims, immigrants and women.

Be smart: Everything from the 2018 elections to potential impeachment proceedings will be determined by the clash of the two Trump shows.  

We might be talking about a resurgent Golden Age for America:

  • Record low unemployment.
  • Economic growth here and abroad.
  • Economic optimism so strong that Democrats feel better about the economy than they did during the Obama years.
  • Employers handing out bonuses, pay raises and new benefits, thanks to a new spirit of America First for our economy.
  • Companies bringing back jobs and money too long parked overseas.
  • Bank forecasters say a robust 4% growth is possible.

Alas, the other Trump show runs just as hot, often blotting out the other: Special counsel Robert Mueller is picking up more and more evidence of obstruction, with the case looking increasingly ominous — and broad — for POTUS.

  • "At least half a dozen times, President Trump by his actions has invited scrutiny for possible obstruction of justice in the Russia probe." (L.A. Times)
  • "Congressional Democrats ... demanded that lawmakers act to protect ... Mueller ... after revelations President Trump sought to oust him." (WashPost)
  • Sen. Mark Warner, vice chairman of Senate Intelligence: "[F]iring the Special Counsel is a red line that the President cannot cross."
  • "[T]here is likely little that Mueller doesn’t already know about events in the White House. More than 20 White House employees have given interviews to the special counsel's team."(AP)
  • Jeffrey Toobin, for The New Yorker: "Trump’s position looks perilous ... The portrait is of a President using every resource at his disposal to shut down an investigation — of Trump himself. And now it has become clear that Trump’s own White House counsel rebelled at the President’s rationale for his actions."
Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
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Go deeper

Updated 8 mins ago - Politics & Policy

Inauguration Day dashboard

Biden delivers his inaugural address on the West Front of the Capitol. Photo by Tasos Katopodis/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden signs executive orders and swears in day one presidential appointees in a virtual ceremony.

Mike Allen, author of AM
28 mins ago - Politics & Policy

Biden's inauguration signals a great American reset

President Biden prepares to walk the abbreviated parade route in front of the White House after the inauguration. Photo: Mark Makela/Getty Images

President Biden had exited his Cadillac with the new "46" license plates and was strolling a short stretch of Pennsylvania Avenue toward his new home when he spotted "Today" show weather legend Al Roker.

The big picture: Biden dropped Jill Biden's hand — no warning — and trotted over to the delighted Roker. POTUS gave Roker a fist bump and said, "Gotta keep doing this!" It was a very Joe moment in a day that was designed to signal a return to normality in a turbulent America.

Chuck Schumer is now majority leader as 3 new Democratic senators are sworn in

Sen. Chuck Schumer (D-N.Y.) is officially Senate majority leader after the inauguration of Vice President Kamala Harris and the swearing-in of new Sens. Alex Padilla (D-Calif.), Jon Ossoff (D-Ga.) and Raphael Warnock (D-Ga.).

Why it matters: With a 50-50 Senate, Schumer will control a narrow majority with Harris as the tie-breaking vote. Democratic control of the Senate is crucial to President Biden's agenda, from getting his coronavirus relief proposal passed to forgiving student debt.