Birdwatch Note Rating
2023-11-30 17:42:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 1C21EB8C91D309070D5EC734EA60E29735CE7A7A0605524D4BDAF0F2D1784DD8
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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