https://en.wikipedia.org/wiki/Gloria_Steinem#CIA_ties_and_le...
Would add that Alan Greenspan made a similar remark about his consulting firm. How he hired as many women as he could, since he could get sharp ones at a considerable discount.
There's a Swedish song, which sees it like this "daghemmets utbygnadstakt regleras av konjunkturen, så tillmäts kvinnan sin plats i den ekonomiska strukturen, en billig arbetskraftsreserv till hands när fabrikerna visslarn, tillbakapressad av daghemsbrist, om lönsamhetens drivhjul plötsligt gnisslar" "The extension of day care is controlled by the economic demand, so woman is given her place in the economic structure, a cheap work-force reserve at hand when the factories want it; pushed back by too few daycares in case demand slows".
The interpretation isn't anti-feminist, and they see the game rather as a cynical game having little to do with what is in the interests of the women themselves.
If propaganda is to be used, it should be to inform the public without deception as to the sender or the purpose, not used to push a political position with public money with deception about the sender or the purpose.