Via the Varney & Co Facebook page.
Sources and Background:
During Mr. Obama’s six and a half years in office women have suffered steeper declines in take home pay than men have. Women have also experienced sharper declines in employment and a faster rise in poverty. The financial squeeze has been especially severe for single women.
Since President Obama took office in 2009, median inflation-adjusted income for women has fallen by nearly 4 cents on the dollar, according to the Census data, versus slight gains for men.
On Mr. Obama’s watch, 2 million more women have slipped into poverty. Wait a minute. This is supposed to be an economic recovery. The poverty rate among women is now 16.1 percent — the highest level in 20 years…
Attacking President Barack Obama’s economic record, Cruz cited statistics showing conditions worsening for women under Obama’s tenure, claiming Democrats running for president are avoiding the topic.
“Under Barack Obama, 3.7 million women have entered poverty. … Under Barack Obama and the big government economy, the median wage for women has dropped $733,” Cruz said.
A review of data from the Census department — which the Republican National Committee cites when circulating the exact same statistics — indicates that Cruz is utilizing figures from 2011 and 2012.
Cruz is right that between 2008 and 2012, 3.7 million women fell below the poverty line. He’s also correct that in 2011, the median income for women is $732 less than it was in 2008.
Romney, April 11, 2012: He [Obama] has lost 800,000 jobs during his presidency. And by the way, do you know what percentage of those jobs lost were lost by women? Over 92 percent of the jobs lost under this president were lost by women. His policies have been, really, a war on women.
Romney’s statistic is accurate. It’s true, according to data from the Bureau of Labor Statistics, that between January 2009, when Obama took office, and March 2012, there has been a net decline of 740,000 jobs for both men and women, and that among women there has been a net loss of 683,000 jobs. The Romney campaign did the math and calculated that 92.3 percent of the jobs lost under Obama were lost by women.