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. Jason

    Tim Geithner, the tax fraud expert. Seriously people believe him? Romney didn't say that the recession has caused women to lose more jobs, he said that UNDER OBAMA women have lost 92.3% of all the jobs lost during Obama's Presidency. Notice how Geithner didn't refute that fact, but just back-tracked to the beginning of the recession. Romney's point may not take into account the full story, but as a narrow point it is factually correct.

    April 15, 2012 01:45 pm at 1:45 pm |
  2. gordyb

    If they( GOP) tell a lie long enough, they believe that dumb americans will start believing it also. Won't work, american voters are smarter than that.

    April 15, 2012 01:47 pm at 1:47 pm |
  3. GoMittRomney

    Goodbye Obama! Hello Mitt Romney!

    April 15, 2012 01:50 pm at 1:50 pm |
  4. Betty

    Notice how fast Republicans want to run from Bush. Recently Bush was in the news touting raising taxes on the rich will hurt the job creators. But the question for Bush that no one was asking is, "After your Bush t tax cut where were all the jobs George?? Curious that Bush's analysis was and is as flawed as Willard Romney's.

    April 15, 2012 01:52 pm at 1:52 pm |
  5. Wire Palladin, S. F.

    janelle, I think the tax evader is hiding his money off shore and is the GOP candidate for president. Mittens lies every day, and you trust him? You are in the 30%.

    April 15, 2012 01:52 pm at 1:52 pm |
  6. phil

    I would of never thought as the GOP talking points as being misleading ..just every single one of their candidates

    April 15, 2012 01:55 pm at 1:55 pm |
  7. Bugs

    NObamas crew can spin anything. Well yes, that number is coreect however if you pay no attention to the overall picture you will notice that this number here in the corner is much more to our liking. Please use it from now on. And the press eagerly falls in lock step.

    April 15, 2012 02:03 pm at 2:03 pm |
  8. Cayman Islands

    Please do the job of watchdog that the press is supposed to. Keep on mittens every day for whatever is the biggest l,ie he tells that day. I know no news organization could devote time to every lie he tells, there would be no room for anything else in a 24 hour broadcast cycle, but keep on the whoppers. He is a serial liar, a pandering stooge who has told so many lies he does not even remember they are lies any more.

    April 15, 2012 02:04 pm at 2:04 pm |
  9. Smeagel4T

    Sorry Wall Street Mitt, but even if the Bush/GOP failed economic policies did result in a disproportionate number of women losing jobs, that wouldn't be the because of the Democrats. In fact, it wouldn't have been an out-right attack on women by Bush and the GOP either unless they had intentionally focused their failed policies specifically on women.

    Wall Street Mitt is SOOOO amazingly out of touch with Main Street realities. Millions of women working hard everyday at both jobs and raising their families, and Wall Street Mitt wants to take away their Medicare and Social Security safety nets. He even wants to force them and their families back onto the health care insurance sold by his Wall Street buddies where the companies take your premiums and then dump you when you really need them because you're suddenly not profitable for them.

    Wall Street Mitt's idea of "family values" is based on how much profit value a family provides to his Wall Street buddies.

    April 15, 2012 02:06 pm at 2:06 pm |
  10. NotFooledByDistractions

    The only consistency I've recognized in Mr. Romney and his campaign is his ability to shamelessly lie and distort data. At this point I wouldn't believe him if he told me the sky was blue. I guess those are admirable in used car salesmen and vulture capitalists, but in a thanks.

    April 15, 2012 02:07 pm at 2:07 pm |
  11. mirrorlogic

    When you have no answers and only a flip-flopping record, all you can do is demonize a name. They try to demonize the name Obama - because they fear (literally fear) him being a successful President.

    History will show the Republican policies created a fiscal disaster that took years to clean-up, but after reasonable time even after the worst start of an Administration since FDR having to begin with the Depression, they turned things around and moved the nation forward.

    Republican's - try details and policies beyond demonizing a single name.

    April 15, 2012 02:10 pm at 2:10 pm |
  12. gramma nance

    Mitt just doesn't know when to SHUT his mouth. He regularly spews 'garbage' and the average American (that would be ME) just don't believe any of his ramblings! He willl NOT be our next President as he's so out of touch with the 99% of us who can see through his 'speeches.' I can't forget 'the trees are just the right height." LOL

    April 15, 2012 02:11 pm at 2:11 pm |
  13. nolimits3333

    Romney has pandered himself into a corner.

    April 15, 2012 02:13 pm at 2:13 pm |
  14. mirrorlogic

    Republican's what do you stand for - we always hear what you stand against?

    More guns? How is that working out for the nation? How many more kids need shot? How much more workplace violence?
    More Religion? How much more conservative doctrine? Until like a Taliban we insist everyone act and live a certain way?
    More Tax breaks for the rich? Until the shrinking middle class literally makes the nations fiscal reality look like an hour-glass.
    More restrictions on personal freedoms? How much more can people fear someone else sleeping with someone else?
    More Values? There you go...beautiful buzz word? Values....hateful, restrictive, fearful, limiting values.

    April 15, 2012 02:15 pm at 2:15 pm |
  15. Keith in AustinName

    It was borderline amusing watching Timmy the tax cheat try to convince the American viewing public that Obama has done a good job with the economy!

    April 15, 2012 02:15 pm at 2:15 pm |
  16. eippo

    Tim Geithner is the MOST "Ridiculous" treasury secretary in our history. He should be fired long ago. That is one of the problem with BHO’s administration.

    April 15, 2012 02:17 pm at 2:17 pm |
  17. Ren

    Claiming that one party or the other is reponsible for the economic downturn is one thing, but to blame female job loss on a party is as crazy as that guy who wrote that book and signed it Michael, thinking he's the archangel

    April 15, 2012 02:18 pm at 2:18 pm |
  18. LTTC

    "Little Timmy Tax Cheat" Why he would never lie or try to mislead you.

    April 15, 2012 02:22 pm at 2:22 pm |
  19. Just Say No to Flipper

    Given Rmoney's lack of personality, leadership skills or policy ideas, He has been reduced to campaigning on fear, smears, lies and propaganda. Expect a ton of Rmoney lies, misrepresentations and out-of-context statements in the next seven months. Oh yeah, and where are his tax returns? What a sleazy lying weasel Rmoney is.

    April 15, 2012 02:24 pm at 2:24 pm |
  20. Good for the gander

    How does your own medicine taste, Democrats? War on women, indeed.

    April 15, 2012 02:26 pm at 2:26 pm |
  21. Pete/Ark

    My late father had a knack for math and statistics...his favorite saying on the subject was "figures never lie , but liars figure"...both sides here have proven him correct.

    April 15, 2012 02:29 pm at 2:29 pm |
  22. Michael C. Iovine

    "Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. It is also sometimes colloquially used to doubt statistics used to prove an opponent's point.

    The term was popularized in the United States by Mark Twain (among others), who attributed it to the 19th-century British Prime Minister Benjamin Disraeli (1804–1881): "There are three kinds of lies: lies, damned lies, and statistics."

    I think that Mitt Romney will say anything to be president. The hand that Obama was left (Bush's wars and taking care of the banking industry) was the worst since the depression. Do you really think that Mitt Romney will care about the vast majority either republican or democrats or the top 1 to 3% who he has worked with for the most of his life.

    I also wonder why republican never find any good on what Obama does? I thought that politicians were elected by the people for the people and to care for the common good. Something has gone wrong in the last few decades I hope and pray and think that Mitt Romney is not the answer to the problems with our country.

    April 15, 2012 02:31 pm at 2:31 pm |
  23. coastlinecascot

    Geithner should should be honest with the American People about how his economic policies of cheap money and monetizing of the debt is creating huge inflation at the grocery store and basic supplies to live.

    April 15, 2012 02:32 pm at 2:32 pm |
  24. Blah Blah the wheel's off your trailer

    Mitt Rumney is correct to some extent in that perhaps that many American females have in fact been affected by the economic crisis! But what Mitt Romney failed to do was go a step further and acknowledge that these American women are the true victims of a very bad economic crisis his republican friends created! Moreover, Mitt Rumney should take responsibility for our economic woes simply because he continues to support the gop and the very same failed policies that have led to our economic downfall!

    April 15, 2012 02:32 pm at 2:32 pm |
  25. Jake

    He blames congress for everything that we are having trouble with now because it is more republican and blames everything else on Bush because he was republican. Well take it in reverse. I can just as easily blame the issues of the last 2 years of Bushes presidency on democrats because they were the majority in congress. This went for 2 years also into Obama's presidency. This is where the majority of his failures have come from. You have to think that the majority of politicians are lawyers including Obama. Knowing many lawyers they only will use enough of the facts and truths to get their way. Obama has proven this and now he has one of his little minions attacking Romney because he knows if he himself did it people would not like him as much and Obama is all about us thinking he is a great and wonderful leader.

    April 15, 2012 02:34 pm at 2:34 pm |
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