Birdwatch Note Rating
2023-12-01 13:04:37 UTC - SOMEWHAT_HELPFUL
Rated by Participant: A60507FE472F34C5856C9D87CCBDE2D8F5E1F1925F00C3CC233B470DDCC9412A
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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