Geithner criticizes Romney's 'ridiculous' analysis
April 15th, 2012
11:46 AM ET
8 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. Anon-i-mouse

    Women losing the ton of jobs are teachers and government employees. Who are the ones pushing government budget cuts and getting these women fired? Of course it's the GOP!!!! Must cut, cut, cut at all costs. Even if it costs us the future! Having a non-educated public and crumbling infrastructure is worth it if our croanies get to increase their profits!!

    April 16, 2012 09:03 am at 9:03 am |
  2. ReallY!!?

    Stats are stats. More women are unemployed since Obama took office. Don't like it well I guess its high time we blame Obama. He said he could turn things around. Remember HOPE & CHANGE? He said the stimulus would fix the economic turmoil. It has not. Yet Geitner continues to print money that causes the high prices we are paying in food etc thru inflation. Housing market still bad. Prices on everything has gone up. Job market still horrible. Fire Obama and save this country. Seriously America!!!

    April 16, 2012 09:07 am at 9:07 am |
  3. timely

    ?Romney is just starting what the Republicnas have done for some time. They apply the old adage "if you tell a lie long enough people will eventually believe it"

    April 16, 2012 09:07 am at 9:07 am |
  4. vatoloke

    From a desperate-to-be POTUS's mouth who will say anything to get elected.

    April 16, 2012 09:08 am at 9:08 am |
  5. Dan

    His statement could carry some weight if he wasn't politically biased. This is about the same as when Michelle endorsed Barack.

    April 16, 2012 09:11 am at 9:11 am |
  6. ReallY!!?

    "An analysis of federal labor statistics showed Romney's claim was technically true..." (This is a random act of journalism)
    I guess was is ridiculous to Geitner is the fact that Mttens pointed it out!!! If it were a republican in the WH, all you lap dogs for Obama here disparaging and dismissing Mittens' "technically true" statements would be shouting these same exact stats fr the highest mountain, it would be front page of the NYT, PMSNBC, CNN, ABC, and the rest of the MSM.
    I love the blame Bush crowd here too. How pathetic that their guy, OBAMA, cannot stand on his record. U have to prop Obama up by blaming someone else. Typical liberals. "Poor me its not my fault". LOL!!

    April 16, 2012 09:16 am at 9:16 am |
  7. tykl

    "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."

    You'll find this sentence buried in every related article. Enough said. Why doesn't the media report news instead being lackey's??

    April 16, 2012 09:16 am at 9:16 am |
  8. Just Say Not to Flipper

    "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."

    Be that as it may, Rmoney's statements HAVE been debunked. Just go to Politicfact if that's too hard for you to accept.

    April 16, 2012 09:18 am at 9:18 am |
  9. pkbkr

    Obama/Biden 2012.....the only hope for our country! R stands for REVERSE, D for DRIVE!

    April 16, 2012 09:18 am at 9:18 am |
  10. MT

    @Jerry: "Treasury Secretary Timothy Geithner: you are the one that is being 'ridiculous'."

    Ad hominem much? Geithner offers facts, you attack him with insults. Guess who wins that argument among people who have a brain?

    April 16, 2012 09:24 am at 9:24 am |
  11. Bart

    Republicans slashed governmental funding and took the pen to many jobs occupied by women. Now Romney seeks to blame Obama for those losses. Pathetic.

    April 16, 2012 09:31 am at 9:31 am |
  12. lyn

    Attention all women, Ronmey really don't care a dan about you, his lies,flipping, flopping paying less taxes tell it all. Hilary Rosen was right when she made her remarks about Ann Ronmey never had to work one day in her life, You see us the poor women have to worry everyday how we will be able to feed our family, Ann never had to worry how the next meal on her table will come from. So Mrs Ronmey we say you are and will never be in our shoes. "OBAMA / BIDEN 2012"

    April 16, 2012 09:33 am at 9:33 am |
  13. dr

    Mormon men do not want their wife's or daughters or mothers in the work place. They are servants to the priesthood holding man in the house. Before anyone votes for someone that a Mormon they need to study up. The question of other secret society issues that involve the Mormons needs to be flushed out. If Obama was to answer for Rev. Wright, then the whole basis of the Mormon church needs to be reviewed and explained by Mitt Romney. Look up the history of the church and the federal government.

    April 16, 2012 09:35 am at 9:35 am |
  14. Just Say No to Flipper

    "Seriously? Did you finish the 8th grade? Let's try some math. Let's say a company has 1,000 employees and has misproportioned its funds such that it is slowly, but steadily sinking. What will be the net job gain? -1,000 jobs. What happens, then, if a company who has years of experience in restructuring failing businesses such to make them succeed buys that business?"

    What are you, a sixth grader? Your weak "argument" is your unquestioning assumption that Rmoney the vulture capitalist was only dealing with failing companies. This is untrue. There is an algorithm used by corporate predators like Rmoney that calculate the "piece" value of the company. If they can take over the company and make more selling off the pieces that's what parasites like Rmoney do. It has nothing to do with any noble gestures to save jobs. And I noticed you completely ignore the proven fact that Rmoney and his gang of corporatist thugs were dumping pension obligations onto the taxpayers backs. Do you consider such behavior admirable, noble or worthy of a presidential candidate? Most people do not.

    April 16, 2012 09:36 am at 9:36 am |
  15. pastmorm

    All conservatives do is blame liberals for the mess they made themselves. Obama has done a great job of fixing up the MASSIVE mess that Bush Jr. left us. I just don't get how people are constantly trying to get rid of Obama. Are we in a depression right now? Are we in a MASSIVE war right now or are we withdrawing troops? Do we have a politician in the White house that talks to us about what's going on or do we wake up ever morning wondering what's going to hit next (during the bush regime)? Seriously you conservatrolls, get a grip please!

    April 16, 2012 09:36 am at 9:36 am |
  16. Rudy NYC

    Brenda wrote on page 10:

    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
    Yes, you can. I would call Romney's assertion ridiculous but it is literally a half truth. Furthermore, Romney was using those facts to prove the existence of a "war on women" by the Democrats when it was a Republican administration and conservative economic policies that created the Recession.

    The facts are simple. Trickle down economics doesn't create long term jobs, it creates wealth for an elite few. Trickle down economics also goes by another name, "boom then bust" economics, because the policies always create a boom on Wall Street followed by a reciprocal bust on Main Street.

    April 16, 2012 09:36 am at 9:36 am |
  17. Bill, NY

    Romney always the panderer. Its funny that Turbo Tax Geithner is calling him out on this, but Romney is just a phony panderer. If he really cared he would take note of the fact that the unemployment rate for black people is about 18-19% and for hispanics about 12-16%, but obviously Mr. Romney does not care about them. Right now his pretending to be just one of the girls('should I wear these red pumps with this skirt?").

    April 16, 2012 09:39 am at 9:39 am |
  18. Just Say No to Flipper

    "Romney *is* right and Dems are trying to hide this fact..."92% of the jobs lost under the Obama administration were jobs held by women."

    The problem is that the underlying premise of the statement is false: President Obama cannot be judged on job losses based on economic failures caused by Rmoney's GOBP cult. For him to suggest otherwise is a blatant out-and-out lie.

    April 16, 2012 09:47 am at 9:47 am |
  19. Lizzie

    timely, but you have no problem, when the President stands there and deliberately lies and misleads everyone, or when the press lies by omission, and you swallow every lie and never question any of it.

    April 16, 2012 09:55 am at 9:55 am |
  20. Jon

    Got to love it, how can something that is 'technically" true be ridiculous? Maybe misleading, i'll give you that, but it is still true.

    April 16, 2012 09:56 am at 9:56 am |
  21. Housport22

    Geithner lays all that out and all Romney's spokesperson can say is essentially, "Well, Obama would be there." That is an idiotically brief rebuttal. Romney should be able to afford better people on his team than Andrea Saul.

    April 16, 2012 09:57 am at 9:57 am |
  22. Rudy NYC

    Most Americans want to roll back the Bush Tax Cuts because Republicans had promised that they would be temporary when they enacted them. Promising that the cuts would be temporary was their way of acknowledging and justifying the large annual deficit that the cuts would create. "Deficits don't matter."

    April 16, 2012 09:59 am at 9:59 am |
  23. Catherine

    So what Romney is saying is all those GOP Governors who declared war on public employee unions and cut government spend which in effect put many government employees out on the streets, have disporportionately effected women. I don't know if Romney's figures are correct or not, but I have been observing what GOP dominated state legislatures across the country have been doing and that is cutting teachers, nurses, and other government workers. Do they now think they can blame it on Obama? Has anyone else noticed that Romney's SOP is to blame Obama for Romney's own short comings? What next? Is he going to say the Obama is a flip-flopper?

    April 16, 2012 10:01 am at 10:01 am |
  24. Rudy NYC

    Jon wrote on page 11:

    Got to love it, how can something that is 'technically" true be ridiculous? Maybe misleading, i'll give you that, but it is still true.
    It is "ridiculous" because Romney uses those misleading facts to justify his *ridiculous* accusation that President Obama is waging a war on women.

    April 16, 2012 10:02 am at 10:02 am |
  25. Rudy NYC

    Mitt Romney is laying the foundation for a reputation for being a misleading and dishonest person. All of his attacks on Pres. Obama have used misleading facts to establish false talking points. Remember how his campaign released the ad of then Sen. Obama quoting John McCain? Romney's most memorable campaign moments, the ones that will stick the most in voter's minds, are a litany of lies, deceptions and misleading statements.

    April 16, 2012 10:09 am at 10:09 am |
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