President Donald Trump attacked the "fake news" after being fact-checked about his claims Walmart Thanksgiving deals are down 25% from Joe Biden's presidency last year.
The grocery giant's price for a Thanksgiving feast has dropped but the package contains fewer items and is of lesser quality.
The affordability crisis gripping America helped propel Democrats to election victories this week and the President was asked about the disconnect between his claims about a booming economy and feeling among the American people.
00:00You brought up the Walmart Thanksgiving meal, and it is cheaper, but it also contains less.
00:07Well, I haven't heard that. You're telling me. Who are you with? Who are you with?
00:10I'm with NBC News, sir.
00:11Fake news. NBC. You're fake news. What a...
00:16NBC's gone down the tubes along with most of the rest of them.
00:19If I ask, why do you think there's such a disconnect between the economy that you're describing day to day
00:24and the way many Americans say that people ain't ever concerned about...
00:28Well, they feel better about our country right now, other than the shutdown, obviously,
00:31which is caused by the Democrats, could be ended by the Democrats in two minutes.
00:35They feel much better. We have more jobs. We just set a record on jobs.
00:39You do know that. We have more investment in our country than any country in history.
00:44We're over $18 trillion as of this moment, and we're going to be maybe at $20 or $21 trillion
00:49by the time I finish up my first year.
00:52And there's been no country, China, no country in the world that's done anywhere even close to that number.
00:59Your friend Biden, as an example, in four years was less than a trillion.
01:04We'll be at $21 trillion in one year.
01:07So there's no country that was even close to that, and our country was a laughingstock all over the world.
01:13We have more jobs. We have more potential than any other country.
01:17And frankly, we're the hottest country right now.
01:19Victor said to me before, we're the hottest country anywhere in the world.
01:23Think of it. We'll have $20, $21 trillion invested.
01:27We have auto plants pouring back in. We have AI pouring back in.
01:31We're leading China in AI by a lot.
01:34We're leading everybody in every category.
01:37There's no category that we're in second place.
01:39So I just heard this yesterday that Walmart said that the Thanksgiving was 25% more expensive under Biden.
01:51To me, that's a big number because Walmart's respected.
01:56I mean, Walmart is Walmart, and they're giving you prices.
02:00So that would mean that the whole series of pricing and costs, the groceries and everything else,
02:07it was a con job. It was a con job. Affordability, they call it, was a con job by the Democrats.
02:14The Democrats are good at a few things, cheating on elections and conning people with facts that aren't true.
02:20It was 25%. Walmart just announced it two days ago.
02:2625% cheaper this year will be cheaper to have Thanksgiving than it was a year ago under Sleepy Joe Biden.
02:33Mr. President, you said affordability is a con job, as you put it.
02:39Say it?
02:40You said affordability is a con job, and you said last night you didn't want to talk about affordability.
02:45I talked about it. When did I not want to talk about it? I talk about it all the time.
02:50We are much better than Biden and all of them.
02:54Now, just so you understand, do you remember that the Biden administration had the highest inflation
03:00in 48 years, but most people say ever recorded? Do you remember that?
03:06Right? Do you remember it?
03:07Did they have the highest inflation in 48 years?
03:11Did they? Just answer me the question. You know the answer. The answer is yes.
03:15They had the worst inflation in 48 years. We have almost no inflation. We're down now to 2% and we'll be at maybe 1%.
03:24You want to always stay above 1%, actually. You want a little tiny bit of inflation. We're at a perfect number.
03:30They were at the highest level in recorded history, okay?
03:34And when you talk about affordability, that one fact. Now, let's talk about the second biggest subject, after inflation, energy.
03:42We're going to be at $2 gasoline. We're going to be approximately $2 very soon. We're a little bit above $2 right now for gasoline.
03:50Now, under Biden, it was $4.5. It even hit $5, but it was $4, $3.5. We're going to be at $2 a gallon.
03:59So gasoline is much less. Energy costs are less. When you have energy and when you have gasoline less, everything else follows.
04:07It's such a big category. So when you have lower energy prices, which I think you admit we do substantially, that means everything else.
04:15So we are the victors on affordability. But if I watched that election, which I was not much involved in, I didn't support Virginia, the candidate.
04:24Didn't do a lot of support for the other candidates. They asked me about Cuomo, and I said, well, it's a question.
04:32Do you want a thug or do you want a communist? I mean, that was my response. So I wasn't involved in that stuff too much.
04:38But I will say this. If you look at affordability, which they campaigned on, they lied because they talked about, oh, prices are up.
04:47No, no. Prices are down under the Trump administration, and they're down substantially. Energy prices are down by 30, 35, 40 percent.
04:57Gasoline is way down. And the other big thing is we started. Inflation is way down.
05:03The biggest thing is inflation. The second biggest thing is energy. Energy is way down.
05:08And what's also down? Gasoline. Also, the biggest thing is inflation. And it's way down. We took over a mess.
05:18The highest inflation in recorded history. Some people would say 48 years. I'll take either one of them.
05:25But I believe it's the highest inflation in recorded history. That alone makes it impossible for them to have done a good job affordability-wise.
05:33One other thing. When I came into office, Victor, two days into office, they were screaming at me about the cost of eggs.
05:41I was there for two days. Eggs had quadrupled. And I said, listen, I just got here. Let me check it out.
05:48And they were right. Eggs had gone up by three, four times. Within a period of a few months, we had eggs down to a normal cost.
05:56We did a great job on groceries and affordability. The only problem is the fake news. You people don't want to report it.
06:04And, in fact, I'd like to ask Caroline. Where's Caroline? I'd like to ask Caroline a question. Where is she?
06:12Did she? Uh-oh. She deserted us. She deserted me.
06:18A great Caroline superstar deserted me. Anyway, she's right outside.
06:25She was going to talk about it because the fake news yesterday, they talked about that.
06:30They said, oh, I don't want to talk about affordability.
06:33The reason I don't want to talk about affordability is because everybody knows that it's far less expensive under Trump than it was under sleepy Joe Biden.
06:40There she is, sir.
06:41And the prices are way down. Caroline?
06:43Yes, sir.
06:43Could you discuss that question that was asked and how it was asked in such a fake, disgusting manner by the fake news?
06:53Yeah, and I just thought asked again here.
06:55It's very unfortunate that the reporters in this room refused to address, sir, what you just said,
07:00which is that you inherited the worst inflation crisis in modern American history.
07:05And you are fixing it in 10 short months.
07:07And your entire administration has been tasked with this effort from Treasury Department to Agriculture Department to the National Economic Council right here at the White House.
07:16They are slashing regulation.
07:18He signed the largest middle class tax cut in six months.
07:21In six months in record time putting more money back into the American people's pockets.
07:24So affordability is what the American people elected this president to do.
07:29And he is doing it.
07:30And you guys refuse to cover it.
07:32And you refuse to cover that the previous administration created the worst unaffordability crisis in American history.
07:39And I've been watching the TV all day saying that he doesn't want to talk about affordability.
07:43That's what he's working on every day.
07:44And that's what this administration is doing.
07:46But you know why they refuse to cover it?
07:48Because they're fake news.
07:50That's why.
07:50Can I get her someone?
07:51Sure.
07:53Caroline, the prime minister would like you to work for him in Hungary.
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