Biden said he 'cured the economy' days before recession fears spark market selloff --Wall Street's fear gauge is at a 4-year high | 5 Aug 2024 | Joe Biden claimed to have "cured the economy" last week, days before global stocks plummeted Monday. Biden made the comment while speaking to reporters outside the White House, saying the economy would be part of his legacy as president. "Mr. President [sic] What do you want your legacy for Gen Z to be?" a reporter asked. "That I cured the economy. And the environment. And a few other small things," Biden responded. The comment quickly became the subject of ridicule online Monday when a global market meltdown caused Wall Street's fear gauge to spike to the highest level in four years on Monday.