Geithner criticizes Romney's 'ridiculous' analysis
April 15th, 2012
11:46 AM ET
3 years ago

Geithner criticizes Romney's 'ridiculous' analysis

(CNN) – Treasury Secretary Timothy Geithner on Sunday called Mitt Romney's argument that women have been disproportionately affected by the economic downturn "ridiculous."

Geithner said Romney's premise that 92.3% of the jobs lost in the country were among women has been debunked, adding that men, women and families alike have been hurt by the economy.

– Follow the Ticker on Twitter: @PoliticalTicker

"It's a ridiculous and deeply misleading look at the economy," Geithner said on NBC's "Meet the Press." "Remember the recession and the crisis started at the beginning of 2008 before the president took office. It caused a huge amount of damage to men, to women, to families. And the damage lasted for a time, and you're still seeing the scars of that."

Both sides of the political aisle have accused their opponents of waging a "war on women." The latest round of attacks came from likely Republican presidential nominee Romney who has repeatedly blamed Democratic policies for a spike in female job losses.

But Geithner said the crisis "hurt everybody," particularly men in the form of construction and manufacturing jobs in 2008 and later women in the form of state and local government jobs, as well as teaching positions.

An analysis of federal labor statistics showed Romney's claim was technically true, but missing important context.

The number of non-farm employed women from January 2009, when Obama took office, to March 2012 did fall far more than the number of employed men in that period, proving the 92.3% figure. However, since February 2010, women have actually gained 863,000 jobs.

The statistic also does not reflect that men constituted a much larger chunk of the job loss pie in the year leading up to Obama's inauguration.

Geithner pointed to the 2008 start date of the downturn, before Obama took office, to help prove his point that the president is now leading the country toward economic growth.

"The president's policies are making the economy stronger," Geithner said on ABC's "This Week." "And the alternatives proposed by his opposition would be devastating, not just to the safety net, but to investments in education, be very damaging to the economy."

Romney spokeswoman Andrea Saul responded to Geithner's comments saying "What's the real risk to America's fiscal future? Four more years of the same failed policies from the Obama administration."

– CNN Political Research Director Robert Yoon contributed to this report.


Filed under: 2012 • Mitt Romney • Tim Geithner
soundoff (288 Responses)
  1. Wire Palladin, S. F.

    Mittens has lied and flip flopped for the last 6 years of his run for president. Mittens did not create the Bush republican near depression, but Obama ended it. Mittens did not start the Iraq war, but Obama ended it. Mittens did not lose 8 million jobs in Bush's last three years, but Obama stopped it and added 4 million jobs in 3 years. Mittens plans to continue class warfare by giving the wealthy ever bigger tax cuts. Mittens supported TARP but opposed bailing out the auto industry. Mittens has promised that he will be the personhood president. Mittens will be the "Food Stamps For Billionaires President."

    April 15, 2012 11:57 am at 11:57 am |
  2. Name

    Blah Blah that's all I hear from these republicans all criticism no solution. If they do come up with something it lacks a great deal of substance. Really nothing there to help the middle class. Blah Blah

    April 15, 2012 11:59 am at 11:59 am |
  3. AKsteve

    I get the impression it will be another year of GOP whining and complaining. They will tell us how wrong everything the president is doing – but they will offer no solutions and stand in the way of progress in order to put more blame on the president.

    Party > People, That's the GOP.

    April 15, 2012 12:00 pm at 12:00 pm |
  4. Emmy Skaddittle

    if anybody hurt women, it was the teapparty congressmen cutting their jobs as they slashed at the budget

    April 15, 2012 12:01 pm at 12:01 pm |
  5. B

    As has been said, "He is a well lubricated Weathervane" and will say anything to appease the Republican base.

    April 15, 2012 12:05 pm at 12:05 pm |
  6. The GOP still doesn't get it!

    OK the point is that republicans lie so much that this is nothing new. And when challenged, they always blame the "liberals". There is never "the rest of America", is always "them". blah, blah, blah...

    April 15, 2012 12:06 pm at 12:06 pm |
  7. king

    I am still demanding CNN research where does mitten fall in the lyingest president candidate ever. I suggest it has to be in the top three. Cnn America is waiting on your research conclusion

    April 15, 2012 12:10 pm at 12:10 pm |
  8. Emmy Skaddittle

    if he doesn't stop appeasing the right, he will not get and middle and will lose the election, badly

    April 15, 2012 12:17 pm at 12:17 pm |
  9. Larry L

    Romney's campaigns are characterized by ridiculous spin, deception and outright lies. His deep religious faith apparently allows overt dishonesty.

    April 15, 2012 12:18 pm at 12:18 pm |
  10. vic , nashville ,tn

    Same old Karl Rove tactics Romney is using , this time it won’t work because Romney is the player , Voters don’t trust Romney ,he has lengthy record of lies

    April 15, 2012 12:18 pm at 12:18 pm |
  11. larrylinn

    There is extensive empirical evidence that 92.3% of Romney’s statistical evidence were figments of his imagination.

    April 15, 2012 12:29 pm at 12:29 pm |
  12. GI Joe

    Romney's analysis is ridiculous - becaue Romney's ridiculous.

    April 15, 2012 12:29 pm at 12:29 pm |
  13. Dan from Tx

    Time to shake up the Etch-a-Sketch

    April 15, 2012 12:33 pm at 12:33 pm |
  14. Thomas

    Treasury Secretary Timothy Geithner on Sunday called Mitt Romney's argument that women have been disproportionately affected by the economic downturn "ridiculous."

    He is absaluty right !

    Meet the Press's interview with Bill Cosby was great , I commend him on his humanity.

    April 15, 2012 12:37 pm at 12:37 pm |
  15. janelle

    I don't believe a word that comes out of Tim Geitner's mouth. The man not only is a confirmed tax cheat, everything he says turns out to not happen. All this theories have proven to not work. The man doesn't know anything, yet he is going to tell us what needs to be done? I trust Mitt Romney any day of the week on anything economic over Geitner!!! Oh, and notice how Geitner starts out by blaming George Bush? Really, you guys are still on that one!!!! And, how nicely the article tries to hide the line about what Mitt Romney said is technically true, then tries to spin it with a big old BUT!

    April 15, 2012 12:51 pm at 12:51 pm |
  16. pb

    This amounts to a setup by Pres O's enemies. You can bet the Republicans are going to call stupid hearings, etc. Insanity!!!

    April 15, 2012 12:53 pm at 12:53 pm |
  17. Bruce

    Romney is pathetic. It's almost sad to see him flip-flopping every day. He has absolutely no specific items that he can talk about. All he wants to do is get rid of Obama, hide all of his money in the Caymans and give more tax breaks to the rich.

    April 15, 2012 01:00 pm at 1:00 pm |
  18. mkuske

    "The statistic also does not reflect that men constituted a much larger chunk of the job loss pie in the year leading up to Obama's inauguration." – article

    I'm not a big Bush fan, but all that shows is that Bush was better for women.

    April 15, 2012 01:01 pm at 1:01 pm |
  19. skarphace

    The two important claims in this article are:

    1) "The number of non-farm employed women from January 2009, when Obama took office, to March 2012 did fall far more than the number of employed men in that period, proving the 92.3% figure."

    2) "since February 2010, women have actually gained 863,000 jobs"

    The first claim proves that Romney was not lying, even if the statistic was tweaked to give Romney a talking point. The second claim proves that Obama's policies are not failed, as the job marked has been positive even to women since Obama's policies had time to have some effect.

    April 15, 2012 01:04 pm at 1:04 pm |
  20. Anthony

    Most of the job lost in this recession were jobs held by men. Many of them lost their jobs when the recession started in late 2007/early 2008. Of course, Republicans cannot remember things that happened before Obama became president. They cannot remember that the individual mandate was a Republican idea. Of course, they have an excuse. That was a long time ago. The Heritage Foundation, a Republican think tank, came up with the idea of individual mandate when the older Bush was president (1989-1992).

    April 15, 2012 01:04 pm at 1:04 pm |
  21. Ozzie

    Keep lying, Mitt. That'll convince everyone that you are a real conservative republican.

    April 15, 2012 01:06 pm at 1:06 pm |
  22. Informed reader

    Um, Janelle, perhaps you could do some research and see that Geithner is repeating information from factual sources, in particular factcheck.org. Factcheck cites a Republican who worked for Bush who says Romney is being misleading.

    April 15, 2012 01:10 pm at 1:10 pm |
  23. Jack

    GOP wants small govt. Govt. jobs in GOP led states are lost more than other states. More women work in govt. More women jobs are lost. And now GOP blames federal administration for more women being unemployed.

    April 15, 2012 01:10 pm at 1:10 pm |
  24. PJ/TX

    If Romney cared about women's jobs, as he claims, he would have had an answer for the question "Does Romney
    support the Lily Ledbetter Act"? The answer was "we will get back to you". Has he "gotten back to you"?
    Did he defend women's rights to equal pay for equal work when:
    1. Wisconsin repealed the law, because in the words of State Senator Grothman, "money is more important to
    men than women"?, or
    2. When Pete Hoekstra said in his campaign speech that the "equal pay law is a nuisance"?
    I thought not.

    April 15, 2012 01:12 pm at 1:12 pm |
  25. Craig

    Considering that in California under Ahnold the first and deepest cuts were ALWAYS to education and that a majority of those losing teaching jobs were women, this is just another example of Romney either not knowing the truth or blatantly lying to the American public in hopes of furthering the Republican agenda of destroying the American middle class.

    April 15, 2012 01:15 pm at 1:15 pm |
1 2 3 4 5 6 7 8 9 10 11 12