What this means is that the President executes Congress' will. Reading the Constitution, there's just no argument for anything else. You have to dig into subsequent history, acts of Congress, and Supreme Court decisions to reach the justifications for the wild increase of presidential power. I'm not saying this is bad per se, just that the Constitution argument is absolutely bankrupt and ahistorical: there was zero appetite for a powerful executive in the Continental Congress.
That's what's so radical about this EO: it's antithetical to the very founding of the US where we rebelled against a king and ultimately adopted a constitution with a very weak executive. It supplants the will of Congress with the will of the executive, undermining the separation of powers, plenary powers, and the very underpinnings of our government.