Unlike the last two Democratic presidents, Biden inherited an economy that was, fundamentally, OK, and thanks to an extremely narrow Congressional majority he had a good excuse for not doing anything to help poor people and instead simply spending money to build stuff and create jobs.
He's also come along at a fortuitous time in foreign relations; China's antagonized most of its trading partners plus their economy's spiraling into catastrophe, Russia managed to stitch the EU and NATO back together and get all of our lukewarm allies back to feeling extremely gung-ho about American military assistance, renewable energy is starting to make a real dent in oil politics...
He's a perfectly competent old-school moderate Democrat and his relationships on the Hill may have made the difference with the infrastructure bill e.g. but he also came into an unusually good situation.