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‘Why now?’ Fitch’s downgrade threat raises questions

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‘Why now?’ Fitch’s downgrade threat raises questions

“My question is ‘Why now?’” John Berlau, an economist at the free market Competitive Enterprise Institute, told The Daily Caller News Foundation. “I just have that one statement by Fitch to go on, but no other credit rating agency seems to think the debt ceiling drama by itself merits a downgrade.”

“It’s not inconceivable — and I can’t prove this — that Fitch is trying to get in good with the Obama administration by threatening to do a [downgrade] to help the administration in the debt ceiling hike, but not actually doing a downgrade,” he continued.