William Chittenden, Texas State University On day one, President Joe Biden will have to manage a devastated economy – much as he and former President Barack Obama did 12 years 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.