AP Wants Us to Be Worried that Workers are Making Back Ground Lost During the Recession

Seriously, that is what they said, more or less. An AP news article on the latest revision to fourth quarter GDP data told readers:

"Friday’s report also contained a potentially worrisome sign — a weak first estimate of corporate profits. It showed that pretax profits fell 7.8 percent in the fourth quarter after a 1.6 percent drop in the third quarter. Fourth quarter profits were also down 11.5 percent from a year earlier — the steepest annual drop since 30.8 percent plunge in the fourth quar...