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. latina

    How anyone cantrust what comes out of this idiot(tim) mouth. Of course only Idiot Democrats they are all worthless bunch of brainless idiots. Go Mitt 2012. Anybody but Obozo.

    April 15, 2012 01:16 pm at 1:16 pm |
  2. on StreetWise

    What are you hiding behind the silly Teapublican's talk points Romney??? Just more lies from the GOP!

    April 15, 2012 01:16 pm at 1:16 pm |
  3. Ray E. (Georgia)

    since this figure is from government statistics it has to be taken as some kind of fact. Since Romney isn't president yet, that happens in January it is iditioc to take potshots at Romney. The unemployment figures didn't get appreciably worse until the democrats took back congress in 2007. The fact that millions of houses are in forclosure is real, 47 Million on foodstamps is real, higher gas prices is real, the nearly 16 Trillion Dollar Federal debt is real. High unemployment is real. Romney didn't cause any of that. But Obama still blames Bush for all his troubles. Who's buying it???

    April 15, 2012 01:18 pm at 1:18 pm |
  4. bailee

    Another "black eye" for Romney!! Pretty soon he will have to use "eye make-up"!!

    April 15, 2012 01:18 pm at 1:18 pm |
  5. olepi

    Typical Romney. He is losing badly among women voters, so instead of actually addressing any of the real reasons, he creates a lie and is pushing that. Any rational thinking person knows that what he is saying is ridiculous on its face.

    April 15, 2012 01:18 pm at 1:18 pm |
  6. you guys just don't make sense

    I don't understand...... CNN writes "technically true" but than goes on explaining etc.... He didn't flip-flop, he said the truth, and anyways I wouldn't believe a single word that comes out of geitner's mouth, he's a liar....

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

    Lemmings unite. Geithner contributed to the economic problems as Head of the New York Fed and now as Tres Sec. While he is certainly an intelligent individual, we should treat anything he offers with some skepticism.

    April 15, 2012 01:21 pm at 1:21 pm |
  8. Pander Bear

    Romney's twisting the truth? Ya don't say?

    April 15, 2012 01:23 pm at 1:23 pm |
  9. Peter

    You don't have a prayer, Romney. We can all expect lies and misinformation for a candidate whose absurd claims have no basis in fact.

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

    The only thing ridiculous here is that Geotner, an incompetent Treasury Secretary who cheats on his taxes, is still on the job.

    April 15, 2012 01:23 pm at 1:23 pm |
  11. CBR

    The candidates need to be truthful at all times. The continual attempt to paint each other into the corner is getting ridiculous. Mr. Romney turns the facts around so that he is not involved.
    romneycare in Ma was part of his agenda. To say that he only signed the bill because he knew the legislature would get what they wanted anyway is misleading.

    Let's be clear. The economic problems did not start the day President Obama took office. They had started before January 20, 1989 and the fall did not end until the last few months. Both sides of the aisle are responsible. This started in a Republican administration and the first votes to help the economy and the citizens occurred during the presidential campaign. Tax cuts, the initial expenses of the war and subsequent defense spending began under Mr. Bush. The war spending was never in any budget thus we overspent without paying for it. Let's get over this and move on to the present and helping to make the country better. For instance the number of shooting deaths last weekend while the NRA was meeting.

    April 15, 2012 01:24 pm at 1:24 pm |
  12. mrdeshon

    Its always interesting how anything the democratics say about the repubes they always deflect it & say "No it was you whose actually doing it!". Do they really think everybody in America is that blind & stupid not to know this game? You really think we are going to give Mitt the keys to the white house because you create some smoke but no fireā€¦ Again? Keep taking your bias polls,keep spinning your lies,& please keep thinking we are all idiots. Because when November comes you ALL will definitely be out of a job!

    April 15, 2012 01:26 pm at 1:26 pm |
  13. ED FL

    There isn't enough space on the Internet to cover or repeat all or even half of what the Mormon Preacher has to say about anything except, money and how to hide it.

    April 15, 2012 01:26 pm at 1:26 pm |
  14. scottf

    Romney and the rest of the right wing just plain and simple deliberately misrepresent the truth. How can you trust these people torun the government? When it gets down to pulling the lever to vote responsible people will look at the rhetoric of the right wing over the past few years and realize that you simply can not trust them!! They accuse the democrats of an assault on freedom. What about an ASSAULT on TRUTH?

    April 15, 2012 01:27 pm at 1:27 pm |
  15. Dave Harris

    Republicans are like talking robots. If they don't have any facts, they just make some up. And what is this 'failed record' they keep blathering about? Killing bin Ladin, improving the economy, drilling more oil? Just what is it that Republicans claim is a failure? This is a party without a clue.

    April 15, 2012 01:28 pm at 1:28 pm |
  16. Dave Spencer

    janelle–that "big old BUT" was the explanation as to why the context of Romney's talk was wrong...look at what the BUT says. While it is true that more women than men lost jobs after he became president, far more men lost jobs BEFORE Obama became president. Can you blame Obama for that...?

    April 15, 2012 01:28 pm at 1:28 pm |
  17. Nick

    Well, I don't believe any analysis from Mitt Romney, the Etch-a-sketch man.

    April 15, 2012 01:29 pm at 1:29 pm |
  18. Bill in Jax

    The only way Romney could win the presidential race is by lying and misrepresenting facts. No plans to help the middle class, no plans to aid education, no stance on international affairs, just lies and deceit, that's all Romney's got (And a handful of billionaires to help him buy the presidency).

    April 15, 2012 01:31 pm at 1:31 pm |
  19. Chandra

    Most of the teachers who have been fired in states by Republicans are women.

    April 15, 2012 01:36 pm at 1:36 pm |
  20. larrylinn

    There extensive empirical evidence that 92.3% of Romney's statistics are the result of extensive research of his myopic imagination.

    April 15, 2012 01:37 pm at 1:37 pm |
  21. Norma Vessels

    Why do they always keep saying that President Obama's policies have failed .. when they have not failed! We are coming out of the mess made before 2009 .. thanks to the policies made by our president now!

    April 15, 2012 01:38 pm at 1:38 pm |
  22. Al

    We're all paying dearly for Bush-Cheney's butchering of the economy.

    April 15, 2012 01:44 pm at 1:44 pm |
  23. ST

    So long as Romney knows that the major issue is economy, then he decided to cheat or rather lie. Didn't he realise during GOP primaries people said economy first and during voting that didn't come to their mind again. This is exactly the pattern of what is going to happen come Nov.

    April 15, 2012 01:44 pm at 1:44 pm |
  24. Thinkergal

    The Repub war on public employees has hit women especially hard because women hold so many of those lower-paying public sector jobs!

    April 15, 2012 01:44 pm at 1:44 pm |
  25. Bill

    Since when do we trust any statistics from Geitner? He should be blogging from the Federal Pen. Is he the best that we have? Help!!!!

    April 15, 2012 01:45 pm at 1:45 pm |
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