Birdwatch Note Rating
2023-11-30 18:17:52 UTC - NOT_HELPFUL
Rated by Participant: 643AEF2B7AA1A29A9580B72982EB15A9F4229C385280DF8F80A25587F76F0F94
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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