If the most telling scorecard of a U.S. presidency is the economy, then President Joe Biden deserves high marks for his first 100 days.
It’s a small sample, of course – featuring data for just a couple of months – but measures of job growth and retail sales pointed to a booming economy in March. And analysts say that’s likely just the beginning of a historically robust year.
Much of the surge can be traced to growing COVID-19 vaccinations – with 40% of the population having received at least one shot, according to Goldman Sachs — a leveling off of virus cases, and the lifting of business restrictions in many states. And don’t forget the nearly $4 trillion in Congress’s COVID relief packages, including $1,800 per-person in stimulus checks sent to most Americans through December.
In other words, the economy was on track to bust out even before Biden moved into the White House.