Birdwatch Note Rating
2023-12-01 01:15:11 UTC - NOT_HELPFUL
Rated by Participant: 0281A3E88C3C226058BEE76E1CF5061FC8A6D553ACEA0BF7ED8BD4D1CBA8E939
Participant Details
Original Note:
Biden is commenting on the price increases done by corporations that go beyond inflation, referred to as "greedflation" in media. Corporations have used inflation as an excuse to raise prices far beyond the inflation rate leading to record profits. https://www.forbes.com/sites/jackkelly/2023/08/10/how-corporate-greedflation-contributes-to-higher-consumer-costs-and-job-losses/?sh=798215222981 https://www.federalreserve.gov/newsevents/speech/brainard20230119a.htm#:~:text=Retail%20markups%20in%20a%20number,the%20increases%20in%20input%20prices.
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