What the Fate of Joe Biden’s Presidency Hinges On

Jan. 20, 2022

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By Matthew Yglesias

“. . . The fate of Mr. Biden’s presidency — and if you believe the dire warnings of many Democrats and academics, of the republic itself — hinges less on the fate of legacy items like Build Back Better or a renewed voting rights act than it does on the normal procession of macroeconomic events. Unfortunately for Mr. Biden, no president has control over them entirely — but pushing for a final version of the bipartisan U.S. Innovation and Competition Act, which contains provisions to strengthen the semiconductor supply chain, could be helpful.

It means more attention to classic Biden themes of patriotism, bipartisanship and normalcy, and fewer headlines dominated by high-profile squeeze plays against moderate senators.”