Geithner criticizes Romney's 'ridiculous' analysis
April 15th, 2012
11:46 AM ET
9 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. J.V.Hodgson

    Just cut the garbage. Obama and his administration did not create the recession it started in July/ August 2007 ( maybe before) when a gentleman called Bush was in the White house AUG to Dec/ Jan 2008 average 600K-800K job losses a month. Obama took office on the 20th January 2008 and the unemployment numbers were rising still at 500K + per month until June July 08. Those job losses can in no way be attributed ( occuring in his period of office is different) to the Obama administration. He then against opposition from Republicans passed the recovery act and bailed out GM and ( both of which saved and created jobs) continued to support the only measure Republicans had taken = the bank bailout. Interesting to me is the GM bailout is a great turnaround story, that had Romney and Pals done it at Bain capital Republicans would have praised the result.
    Since then any jobs legislation passed by this administration has been fanatically and almost religiously opposed by
    Republicans because there were no tax cuts to corporates or the rich. ( thnks, not, Grover) Despite that we have had 25months of job growth totalling $.4.4m and its going down and will continue to go down per most economists In the context of a national and international severe global recession still not recovering internationally ( just like the US). Except that the US is doing better than most excluding the BRICS all of whom have either New and online already Oil and gas reserves or cheap labour providing more than stiff competiton to all western economies.
    Romney at Bain will tell you ( if honest) his corporate turnarounds sometimes took years, Usually 3- 5 unless it was asset stripping and they are small beer compared with a US economy and one that cannot isolate itself from global recessions.
    Stop the petty fogging analysis of numbers and do what good consultants do look at the broader picture and take the actions to fix it. Romney's claim on womens unemployment is debunked.... but again its typical Republican style make the Emotional critique and never mind the most important, the precise details, policy and legislation to fix it.
    I know cut 10 % of all tax rates income and sales taxes on womens products. Then get all those women to sign the Grover Norquist pledge of no tax increases. Hurrah another unique Republican solution. Problem is no idea how to pay for it, and oops to an increase in the national debt, and a bummer to state budgets.

    April 16, 2012 04:54 am at 4:54 am |
  2. Jerry

    Treasury Secretary Timothy Geithner: you are the one that is being "ridiculous". You are a shameless person to be holding the position that you currently hold. (Oops! I forgot that our current president has surrounded himself with flunkies/cheaters and liars like you.) Did you cheat on your taxes again this year?!

    You want to make sure our clueless/lying president is reelected no matter what.

    Guess what?! The American populace is on to you. No more lies and no elections (presidential or otherwise) are for sale this time around.

    Stay tuned...

    April 16, 2012 06:10 am at 6:10 am |
  3. RinosRwinos

    Misleading information by misinformed people brought to you by Fox and the GOP.

    April 16, 2012 06:22 am at 6:22 am |
  4. Carmen2005

    Mr. Obama has more integrity in his pinky-toe than the Flipster has in his entire body. Has anyone asked him exactly WHY he wants to be president? It's certainly not to help the "poor" (or as Romney says it...the he has inhaled a foul smell). I cannot tolerate a liar which is exactly what he has proved to be time and time again. People you HAVE to vote in November lest Creepy McCreepster creeps into office.

    April 16, 2012 06:27 am at 6:27 am |
  5. tom in san diego

    Oh theres someone I have faith in...Timothy the wackjob Geitner...

    April 16, 2012 06:58 am at 6:58 am |
  6. abison09

    Ronmey doesn't reflect the core value of the Church of Jesus Christ of Later Day Saints.. He is a dishonest man. when i am listening to him as a member i got sick in stomach.

    April 16, 2012 07:01 am at 7:01 am |
  7. Jack V

    Mitt Romney will say anything to get anywhere. That is what businessmen (& conmen) do. Think anything else then you deserve to be ripped off.

    April 16, 2012 07:09 am at 7:09 am |
  8. CraigM

    And this comes from a man who when nominated for the office of Sec. of the Treasury he was found to have not paid his income taxes owed to the Federal Government for periods of time..............a tax cheat!!!

    April 16, 2012 07:22 am at 7:22 am |
  9. David Hawaii

    Rmoney should be featured on "American Greed"...then America will see the dark side of this vulture capitalist.

    April 16, 2012 07:39 am at 7:39 am |
  10. George

    So Romney, how does taking away their rights in other areas help their economic situation?

    April 16, 2012 07:48 am at 7:48 am |
  11. Get a job Hippies

    Of course Timmy G doesn't believe women were hurt by the recession. He is from the party that believes women who stay home work, so how could they be hurt. Face it the elites of the democrat party only care about themselves and staying in power.

    April 16, 2012 07:48 am at 7:48 am |
  12. gordotaco

    AgrippaMT – and you are?

    Is there anyone besides your precious dear robinhood-in-chief that could possible restore this country? Barney? Chuck? Nancy? Harry? Tim?

    April 16, 2012 07:50 am at 7:50 am |
  13. terry

    Don't confuse me with the facts because my mind is made up!!!!

    April 16, 2012 08:03 am at 8:03 am |
  14. Jwa1962

    You can thank our bible thumpin, gun toten southern brothers and sisters for the continued existence of the republican party.

    April 16, 2012 08:15 am at 8:15 am |
  15. Brenda

    Ugh... no kidding the economic downturn has hurt everyone, but you can't have "The number of non-farm employed women from January 2009, when Obama took office, to March 2012 fall far more than the number of employed men in that period, proving the 92.3% figure.", then call Romney ridiculous.

    April 16, 2012 08:24 am at 8:24 am |
  16. ReallY!!?

    Obama likes to say he is looking out for women when the facts speak otherwise. Obama's own operative Anita Dunn, stated he runs the WH as a boys club. Women in the Obama Admim makes less thatn their male equilavlent. Even after Obama passes a law Lilly Ledbetter Fair Pay Restoration Act, to pay women equally. Mittens quoted stats fr Obama took office till now. This "it's Bushes fault" is getting old. Secondly, Geitner is equally responsible for this economy with the printing of money and the incompetence to affect any real change to turn this economy around just like Obama and they both should be fired.

    "According to the 2011 annual report on White House staff, female employees earned a median annual salary of $60,000, which was about 18 percent less than the median salary for male employees ($71,000)."
    The same old do as I say not as I do Obama Admin.

    April 16, 2012 08:25 am at 8:25 am |
  17. FedUp

    It was fun watching Mr. Geithner avoid the real answer. George asked him 3 times and he still did the dance.

    April 16, 2012 08:25 am at 8:25 am |
  18. matt

    I love how this little sentence was tucked in the middle, and it is obvious from all the people calling Mitt a liar that they are incapable of reading an entire article. "An analysis of federal labor statistics showed Romney's claim was technically true..." How can something be "ridiculous" but at the same time be "technically true" is the question for Geithner not Romney.

    April 16, 2012 08:31 am at 8:31 am |
  19. merlinfire

    Wait a second.....if most of the women losing jobs are due to government layoffs....and Republicans are the ones pushing government cuts....who is really to blame for those women losing jobs?

    April 16, 2012 08:33 am at 8:33 am |
  20. Brian

    There is never any context to anything Romney presents to the American people. Regardless of what you feel about Obama, does anybody want a guy who stands for nothing, especially with the way the Congress and Senate currently relate to each other?

    April 16, 2012 08:35 am at 8:35 am |
  21. Dominican mama 4 Obama (the real one)

    What's ridiculous is using a "technically true" statement to try and divert attention from the fact that the only woman Mittens is "plugged" into is his wife. All other women are at best "technically true" statements to be reached for when diarrhea of the mouth, and a true lack of empathy puts him in hot water and his election in jeopardy with said segment of the electorate.
    Obama 2012. Seriously America.

    April 16, 2012 08:45 am at 8:45 am |
  22. simpleguy73

    I just want to know if Tim is paying his taxes?

    April 16, 2012 08:50 am at 8:50 am |
  23. yuri

    The putatively pure flip-flopper has risen to the occasion of spreading whoppers, time and again. Not a soul is reliable in politics, let alone perfect, but Mitt's mega prevarications make him a distinguished dissembler.

    April 16, 2012 08:59 am at 8:59 am |
  24. denroy

    Yeah sure because we all know Geithner tried to cheat on his taxes so we are all aware of his huge financial acumen and honesty

    April 16, 2012 09:01 am at 9:01 am |
  25. American

    The article specifically stated Romney is missing important context (i.e. Romney is lying again). Politifact also rated Romney's lie here as "misleading" & "false."

    April 16, 2012 09:02 am at 9:02 am |
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