Birdwatch Note Rating
2023-11-30 19:42:32 UTC - NOT_HELPFUL
Rated by Participant: 9BF673E34113E12ECA0CA650E0D50AB42CB3EBBE6070AE4383C55F0C4CCE284E
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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