Birdwatch Note Rating
2023-11-30 19:28:50 UTC - NOT_HELPFUL
Rated by Participant: D75552D20CB9DEA4A0D602D70AC1E1F489C8BF84B58FBC7BCD9CCB1EC5C2804E
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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