Geithner criticizes Romney's 'ridiculous' analysis
April 15th, 2012
11:46 AM ET
2 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.

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"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. VCMD

    It will be best if a proven tax cheater/liar focuses on his work as treasury secretary instead of behaving as an attack dog. This administration has still not realized that they won the election almost 4 years back and had to get out of campaign mode and start governing. Every time President and his team open their mouth they can't speak for more than 2 minutes without bad mouthing republicans and then complain that Republicans are not helping them. Romney's analysis is accurate. He is not hiding the facts. He is picking up the time frame from when Obama took over to now as you don't want him to blame Obama for job losses during Bush's time. Obama promised with this plans and 2 Trillions Dollars of deficit, the economy will improve by 2010.

    April 15, 2012 07:39 pm at 7:39 pm |
  2. DrPete

    Someone should tell Geithner that Republicans don't get bogged down in facts or telling the truth. I'm surprised nobody briefed him on that yet.

    April 15, 2012 07:39 pm at 7:39 pm |
  3. zago

    The Governor sounds like a joke

    April 15, 2012 07:39 pm at 7:39 pm |
  4. johnborg

    Yes, Romney saying 92% is "ridiculous," but I think Romney has a point. Women often occupy lower-paying jobs and lower-ranked jobs and these jobs were the first to be cut. I'm guessing more like 60% than 92% though. Romeny's jumping the gun a little bit; Perhaps trying to gain women voters. He could just tell the truth and use that as propaganda – not that I think his solution is better for women, let alone all people. But, nevertheless, if he stuck to the statistics, he could make a better point.

    April 15, 2012 07:41 pm at 7:41 pm |
  5. ThinkAgain

    @Dave, Central Illinois: "The Obama administration is a disaster."

    Tell the to GM (which is alive), and Osama bin Laden (who is dead). Mittens would have let GM die, resulting in millions of jobs lost, and GW and the Repubs couldn't care less about bin Laden.

    Obama/Biden 2012

    April 15, 2012 07:43 pm at 7:43 pm |
  6. josey

    Senor Rmoney is a BIG liar.

    April 15, 2012 07:58 pm at 7:58 pm |
  7. CaliforniaBC

    Nice little one sentence, substantive respose by the Romney person... Is this what we can expect from them from now on?

    What a joke!!

    April 15, 2012 08:10 pm at 8:10 pm |
  8. Tom

    Allegorically speaking, Wilbur Romney is captain. of a ship of fools heading straight for an iceberg.

    April 15, 2012 08:14 pm at 8:14 pm |
  9. Rolly Saint

    recession started 2008 but instead to rescue, Obama make it worse, Obama promised for change he made worse, I mean it change to worse !!!

    April 15, 2012 08:21 pm at 8:21 pm |
  10. barry

    This guy is terrible. How has he still in this job.

    April 15, 2012 08:29 pm at 8:29 pm |
  11. allens

    romney is a typical politician. he iws a liar and has nothing to offer america but mean spirited lies and 1/2 truths. hard to believe this is who the republicans are serving up

    April 15, 2012 08:42 pm at 8:42 pm |
  12. Bryan

    And Geithner has sooooo much credibility...

    April 15, 2012 08:47 pm at 8:47 pm |
  13. Larry L

    I wish Republicans would just once examine their candidate's "platform". He's such a flip-flopper it's really to hold him down to anything – but the 20% across-the-board tax cut promise seems to stay on the Etch-A-Sketch longer than other statements. So... he's going to rely lon our "free-market" to rebound after this tremendous tax cut – something that has never happened with previous tax cuts? This will happen in such a way as to overcome the loss of revenue and deficit increase caused by the tax cut? And what about this "free-market"? By definition I'll assume he's found a way to free us up from the trade deficit, loss of manufacturing capability, money held in overseas banks, and the costs of the war, interest on our debt, and all of the critical expenses of running a government. Free-market? I don't think so. Nobody on the planet has a free market because they have a government to run, required controls on unfair business practices, and international competition. Still – give us the details Mitt... it should be interesting hearing your spin.

    April 15, 2012 08:55 pm at 8:55 pm |
  14. RightBrain

    The article claims, by citing Geithner, that Governor Mitt Romney's claim regarding the unemployment of women has "been debunked." But the writer provides no evidence or counter-example as support for this "debunking."

    It will take a lot more than baseless claims to convince unemployed people that they are confused and in reality they are employed somehow. I can tell by the rest of the posts that this will be a nasty political season: the hope and change post-partisan schtick has been replaced by traditionally Democrat attack politics.

    April 15, 2012 08:55 pm at 8:55 pm |
  15. S. B. Stein E.B. NJ

    The problem is that it doesn't make sense. If that were true, then there would be investigations as to the discrimination of women being fired. I would guess that would mean that there are more men still employed? That isn't really the case.

    April 15, 2012 09:04 pm at 9:04 pm |
  16. Bob

    We need a recession that is too big to fail...vote Romney and Ryan in. The new precious metals will be lead and brass

    April 15, 2012 09:09 pm at 9:09 pm |
  17. GuyinVA

    "It's not just women. We're hurting everybody" isn't much of a defense.

    April 15, 2012 09:14 pm at 9:14 pm |
  18. Hey, hey, hey

    When is Romney going to use that capital gains money to create some jobs? Isn't that the purpose of the capital gains rate? The Bush tax cuts have been in effect for a decade, the purpose was to spur economic growth, where is the growth?

    April 15, 2012 09:27 pm at 9:27 pm |
  19. Sue

    I can't help but wonder if everyone else is growing as tired as I am of Romney's boring, ridiculous, and particularly unfounded spiels that he spouts off day after day. According to his "brilliant"analysis, EVERYTHING that's wrong in our country can be be attributed to President Obama. Romney is such a joke – just look every major newspaper and check out the cartoons!

    April 15, 2012 09:41 pm at 9:41 pm |
  20. Mary

    does he think women will vote for him because he makes this type of comment, think again Mitt. Too Late

    April 15, 2012 09:46 pm at 9:46 pm |
  21. Mick

    So the president's lackey speaks and all of a sudden the liberal zombies are accepting this as "fact". The left is so completely delusional that they will believe anything the administration spews...even that the country is better of than it was in 2008. It is not. Wake up.

    April 15, 2012 09:54 pm at 9:54 pm |
  22. Mick

    And by the way, does filing for an extension make you a tax cheat? Its a perfectly legal and common occurrence. Once again the left tries to distort the facts and sell a lie.

    April 15, 2012 09:55 pm at 9:55 pm |
  23. sqeptiq

    I'm still trying to figure out why we have any economic problems at all; weren't the Bush tax cuts supposed to create economic nirvana? What happened?

    April 15, 2012 10:01 pm at 10:01 pm |
  24. American

    There does not seem to be another politician who lies as much as Mitt Romney. Politifact clearly stated Romney is misleading Americans (again) with this false statement.
    Do not trust Mitt at all...

    April 15, 2012 10:13 pm at 10:13 pm |
  25. Anonymous

    How can you even think of running for a president when you keep your money away off shores to avoid paying taxes? That's a true patriot.

    April 15, 2012 10:29 pm at 10:29 pm |
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