Why Republicans and others concerned about the economy have reason to celebrate Biden in the White House

On day one, a newly inaugurated President Joe Biden will have to address a devastated economy – much like he and former President Barack Obama did a decade ago. 

What can the country expect? 

Forecasting how the economy will perform under a new president is generally a fool’s errand. How much or how little credit the person in the White House deserves for the health of the economy is a matter of debate, and no economist can confidently predict how the president’s policies will play out – if they even go into effect – or what challenges might emerge.  Continue reading.