Thursday, it was reported that 88,000 jobs were created in March; turns out, none of them came from small business and ObamaCare is to blame according to Moody's Analytics.

From the  Washington Examiner:

Moody’s Analytics chief economist Mark Zandi — whom the Obama team  has cited as an economic authority when he favored their policies — attributes the weak jobs report not to the sequester cuts, but to the fact that Obamacare deters hiring at companies that have between 50 and 499 employees.

“I think it’s way too premature for the sequester [to be] having an impact,” Zandi said on CNBC this morning, to the delight of Republicans. “The retail trade number would be consistent not only with the payroll tax but, again, I think the health care reform may be having an impact. Remember the ADP number that said [that] for those companies with employees [from] 50-499, that’s the group that would be affected by the health care reform — we’ve seen a rather sharp slowing in job creation: 43k in January, 20k in February, and minus-five [thousand] in March.” [...]

Zandi’s work has been cited by the White House when it supported their agenda. For instance, when White House Press Secretary Jay Carney argued that the sequester would hurt the economy, he said, “don’t take my word for it.  Macroeconomics Advisers, Moody’s, the CBO all estimate massive job loss if the sequester is allowed to take effect.”