‘Follow the Money’ and Brace For Recession

Commentary
“Rich-people problems aren’t going to tank the economy,” Wall Street Journal reporters recently assured us. Lest anyone forget, for decades there has been a Great Wall at the Journal, which Rupert Murdoch never demolished when he added the paper to his massive media empire in 2007. While there is no denying the talent and scope found within its army of reporters, the Journal’s news pages are as liberal, if not more so, as what is found in the rest of the powerful establishment, mainstream media. Its editorial page, on the other hand, one of the most reportorial anywhere, is a beacon of free-market thought and laid much of the groundwork for the tax-cutting Reagan Revolution four decades ago….