Economist Cited by WH Blames Obamacare for Jobs Numbers
Moody’s chief economist Mark Zandi, frequently cited by the White House in support of its economic proposals, told CNBC that Obamacare may be partially responsible for the disappointing jobs numbers released earlier today. “The retail trade number would be consistent not only with the payroll tax, but, again, I think health-care reform might be having an impact,” he argued.
Zandi also rejected the idea that the sequester is dragging down the economy. “I don’t think the sequester is in here at all; I think it’s way too premature for the sequester,” he said.