Birdwatch Note Rating
2023-11-30 17:33:01 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B1B4654B2606FFB340BB423EF2BB9E8E93141F7FFEEE56379827AFDB4CD6F21F
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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