Birdwatch Note Rating
2023-12-01 14:41:39 UTC - NOT_HELPFUL
Rated by Participant: 054A46E77687CD48E5B830248EB17DEB76F8A5F9A3C3222B91E7438645B92AF1
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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