Birdwatch Note Rating
2023-11-30 19:11:11 UTC - NOT_HELPFUL
Rated by Participant: DDDCBE0FFCAE8D9A9C6E2FBE0D60FAC97DEECF94D0E7EF2F4C43573248879930
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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