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BumRushDaShow

(163,412 posts)
Mon Nov 17, 2025, 04:05 AM 15 hrs ago

'I've Gotta Stop You': Jon Karl Interrupts Kevin Hassett's Regurgitation About Cheaper Thanksgiving Dinner

Source: MEDIAite

Nov 16th, 2025, 5:03 pm


ABC News’s Jon Karl stopped Trump economist Kevin Hassett mid-sentence Sunday as he started regurgitating the claim that Thanksgiving dinner is cheaper than it was under former President Joe Biden. Earlier this month, President Donald Trump claimed, “Grocery prices are way down, and Walmart just announced that the cost of their standard Thanksgiving meal — this is the greatest, their greatest. It is 25% lower than one year ago. That’s a big deal.”

When an NBC News reporter informed the president that Walmart based this year’s estimate on fewer products, Trump called it “fake news.”

On This Week, Karl asked Hassett, “So, the president claims that Thanksgiving costs are down 25 %. I mean, does he know that’s not true?” “Well, if you look at Walmart and the few places that put out their prices —” Hassett began when Karl interrupted.

“Now, but wait a minute, wait a minute, I’ve gotta stop you, cause the Walmart comparison is not a — I mean, Walmart had a Thanksgiving package last year. They’ve got a Thanksgiving package this year. The one this year contains much less than what the one last year — that’s why the price is less. Look, we’ve got a chart here!” Karl explained that Walmart compared 21 products last year to 15 this year.

Read more: https://www.mediaite.com/media/news/ive-gotta-stop-you-jon-karl-interrupts-kevin-hassetts-regurgitation-about-cheaper-thanksgiving-dinner/

27 replies = new reply since forum marked as read
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'I've Gotta Stop You': Jon Karl Interrupts Kevin Hassett's Regurgitation About Cheaper Thanksgiving Dinner (Original Post) BumRushDaShow 15 hrs ago OP
HASSETT: "Inflation is about half what it was in December. This is something that's being fixed fast" progree 14 hrs ago #1
People who actually go shopping know that they're paying more for less. 70sEraVet 13 hrs ago #2
Exactly PatSeg 10 hrs ago #12
I had to pick my jaw up off the floor when I saw chuck roast at $8.99/lb. flashman13 5 hrs ago #22
The odd thing is, I haven't noticed the price of lamb going up at all (yet)! 70sEraVet 1 hr ago #23
This is just a guess, but the sheep market is much smaller and is probably not in the hands of big ag processors so flashman13 1 hr ago #25
I just know that almost all lamb sold in this country comes from Australia 70sEraVet 1 hr ago #26
i don't buy meat at walmart Tetrachloride 13 hrs ago #3
I never set foot in a WakMart and never will wolfie001 9 hrs ago #14
We get the majority of our stuff at Costco. Wednesdays 8 hrs ago #19
Great! wolfie001 7 hrs ago #20
Let these... MarcoZandrini 12 hrs ago #4
Boy, when republicans get a good lie they're like a dog with a bone. Aren't they? Ray Bruns 12 hrs ago #5
Johnny One Notes. erronis 9 hrs ago #16
In retail this is known as a "loss leader", like Trump. twodogsbarking 11 hrs ago #6
Thank you, Jon Karl. Paladin 11 hrs ago #7
He has evolved wolfie001 9 hrs ago #15
Hey, I'll take slow evolution over no evolution, every time. Paladin 9 hrs ago #17
Yes! A thousand times! Yes! wolfie001 9 hrs ago #18
They're all shameless liars. mwb970 11 hrs ago #8
Every word was a lie. Kudos for the ABC guy to fact check part of it, Bluetus 1 hr ago #27
How long before IQ4.7 sues over Jon Karl's remarks? KS Toronado 11 hrs ago #9
And the he'll carpet bomb all Walmarts for making him look bad. travelingthrulife 10 hrs ago #11
An inconvenient truth: what will dump TACO in the end. If undocumented are bringing cattle into the US, it would LOWER.. marble falls 10 hrs ago #10
Look, we've got a chart here! Tsk tsk. chouchou 10 hrs ago #13
An OLD expression that applies to so many subjects these days. BobTheSubgenius 6 hrs ago #21
Aldi has a package, too spinbaby 1 hr ago #24

progree

(12,555 posts)
1. HASSETT: "Inflation is about half what it was in December. This is something that's being fixed fast"
Mon Nov 17, 2025, 05:03 AM
14 hrs ago

Last edited Mon Nov 17, 2025, 11:26 AM - Edit history (1)

Above is from the OP's linked MEDIAite article

Sigh. I guess this calls for the graphs again --

12 month aka year-over-year - the usual media/pundit measure of inflation



CPI data series: https://data.bls.gov/timeseries/CUSR0000SA0
Click on "More Formatting Options", and on the page that appears,
Check the checkbox: "12-Month Percent Change"

YEAR: Jan Feb Mar etc. etc.
2024: 3.1 3.2 3.5 3.4 3.2 3.0 2.9 2.6 2.4 2.6 2.7 2.9
2025: 3.0 2.8 2.4 2.3 2.4 2.7 2.7 2.9 3.0


So in December'24 it was 2.9%, and in September'25 (the latest data) it was 3.0%. That's quite different than "about half" and "being fixed fast".

What's highlighted is that this measure has been rising for 5 straight months.

News report from the source: https://www.bls.gov/news.release/cpi.nr0.htm
CPI data series: https://data.bls.gov/timeseries/CUSR0000SA0
CORE CPI data series: http://data.bls.gov/timeseries/CUSR0000SA0L1E

========

Over the last 3 months, inflation has averaged an annualized 3.6% rate -- comparing the CPI index in September over its June value, and annualizing it. Just like what is commonly done in the quarterly GDP reports with both GDP and the GDP deflator.

Regular CPI


The rolling 3 month annualized average is slightly higher in September'25 (the latest data) than it was in December'24.: 3.54% in December'24 and 3.62% in September'25.

On a month-over-month basis, it is slightly lower -- using the actual index numbers for the calculation, it was 0.36% in December'24 and 0.31% in September'25, which is not "about half of what it was in December". It is 0.86 of what it was in December'24 -- about 7/8.

(The bar graph are the annualized numbers, not the actual raw month-over-month percent changes presented in the above paragraph)

But what the BLS and the media present in their main narratives and tables for month-over-month are rounded figures: 0.4% in December'24 and 0.3% in September'25. With the favorable rounding (Biden's number gets rounded up while tRump's number gets rounded down ) September'25 is 3/4 of what it was in December'24, not "about half"

You be the judge about the "being fixed fast" part.

Note to myself: the usual tiresome presentation: https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3563862

70sEraVet

(5,121 posts)
2. People who actually go shopping know that they're paying more for less.
Mon Nov 17, 2025, 06:16 AM
13 hrs ago

Beef, coffee and chocolate are MUCH higher than last year. Canned goods (soup!), produce and cereal are high.
The ONLY thing that's come down are eggs -- the industry is still recovering from the bird flu epidemic.
I just bought our turkey for Thanksgiving. I saw a store that had them for $.88 per pound and grabbed one. Probably as cheap as I'll find anywhere.

PatSeg

(51,501 posts)
12. Exactly
Mon Nov 17, 2025, 09:30 AM
10 hrs ago

People KNOW what they pay for necessities and saying the price is lower does not make it so or "fake news". That's some major hypnosis trick to convince millions of people that that gallon of milk is cheaper than it was a year ago.

70sEraVet

(5,121 posts)
23. The odd thing is, I haven't noticed the price of lamb going up at all (yet)!
Mon Nov 17, 2025, 06:21 PM
1 hr ago

So I can pick up lamb chops, or at least shoulder chops, at the same price as chuck or bottom round roast!
I'm also a big fan of 10 bags of chicken quarters -- cook a third of it and put two 1/3 bags in the freezer. A 10 pound bag goes for $8 or $9 bucks.

flashman13

(1,775 posts)
25. This is just a guess, but the sheep market is much smaller and is probably not in the hands of big ag processors so
Mon Nov 17, 2025, 06:26 PM
1 hr ago

they are not gouging on their prices.

70sEraVet

(5,121 posts)
26. I just know that almost all lamb sold in this country comes from Australia
Mon Nov 17, 2025, 06:30 PM
1 hr ago

Maybe some from New Zealand. I haven't checked on the current (ever changing) tariff list!

wolfie001

(6,550 posts)
14. I never set foot in a WakMart and never will
Mon Nov 17, 2025, 09:57 AM
9 hrs ago

Me? retired Union grocery. I saw the slow-moving disaster WakMart unleashed on America 1st hand since the early '90s. Racist, anti-Union family (any businesses and CEOs who fund the rePUKE party or candidates are racist a-holes. "You-know-who" sitting on their board of directors kinda pissed me off too). Horrific people. Sorry if that's your only choice or you have few choices. I'm in Maryland and only shop Union grocery.

Wednesdays

(21,341 posts)
19. We get the majority of our stuff at Costco.
Mon Nov 17, 2025, 11:07 AM
8 hrs ago

Most of the rest is bought at ALDI. If it's not at Costco or ALDI, then Target as a last resort. Walmart is a rarity.

wolfie001

(6,550 posts)
20. Great!
Mon Nov 17, 2025, 12:31 PM
7 hrs ago

Avoid them like the plague if possible. I know people need to feed their families and that's most important. I'm a bit on the poorish side but I can manage to shop Union. I've learned so much in the kitchen just to save $. Cheers

MarcoZandrini

(132 posts)
4. Let these...
Mon Nov 17, 2025, 07:06 AM
12 hrs ago

….liars continue to lie. People know that prices are up. They see that their budgets are getting stretched every day. Eventually these people will realize that the Reptilicans have been lying and stealing their money.

Paladin

(32,034 posts)
7. Thank you, Jon Karl.
Mon Nov 17, 2025, 08:06 AM
11 hrs ago

Nice to see something other than a complacent, trump-sucking national media. Doesn't happen anywhere near often enough.

Paladin

(32,034 posts)
17. Hey, I'll take slow evolution over no evolution, every time.
Mon Nov 17, 2025, 10:08 AM
9 hrs ago

The mainstream media has such a lot to answer for. I hope history is brutally unkind to all the trump media enablers---we've paid a huge (maybe fatal) price, just so their news reports could write themselves with minimal effort.

mwb970

(12,017 posts)
8. They're all shameless liars.
Mon Nov 17, 2025, 08:28 AM
11 hrs ago

The whole Fascist Party has no function except to suck hard on trump 24/7. No wonder they are unpopular and lose every election! I mean, come on.

Bluetus

(1,931 posts)
27. Every word was a lie. Kudos for the ABC guy to fact check part of it,
Mon Nov 17, 2025, 06:35 PM
1 hr ago

but if he fact-checked every lie, they would have only time for about 3 sentences from this clown.

I suggest that if the major media thinks it is worthwhile to put these serial liars on their air, then they should plan another block of time (without the liar on the microphone) immediately after the interview to correct the lies. If they started to do that, then there would be more of an incentive for everyone to tell the truth.

marble falls

(69,398 posts)
10. An inconvenient truth: what will dump TACO in the end. If undocumented are bringing cattle into the US, it would LOWER..
Mon Nov 17, 2025, 09:12 AM
10 hrs ago

... prices, not raise them.

chouchou

(2,614 posts)
13. Look, we've got a chart here! Tsk tsk.
Mon Nov 17, 2025, 09:51 AM
10 hrs ago

Right wingers do not like charts. Charts usually tell the whole story. Not a good thing for Republicans,

BobTheSubgenius

(12,152 posts)
21. An OLD expression that applies to so many subjects these days.
Mon Nov 17, 2025, 01:40 PM
6 hrs ago

It certainly applies here. "Figures don't lie, but liars can figure."

spinbaby

(15,347 posts)
24. Aldi has a package, too
Mon Nov 17, 2025, 06:25 PM
1 hr ago

Supposedly $40 to feed ten people Thanksgiving dinner, except it doesn’t include things like butter, eggs, milk, and pumpkin pie spices. Also, only one pie for ten people.

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