The person next to me on the airplane was reading the Wall Street Journal. I glanced over and it took me about 15 seconds to realize that it was the editorial page. The editorial page of the Wall Street Journal has definitely got to be the largest: “I’m an ignorat douche” tags I’ve ever seen a person display.
A lot of people rationalize reading the Journal because of the claim of an chinese wall that separates their editorial board from the news board. The claim is their editorial board is right wing whackos (and that content is given for free online); their journalsm is impartial enough to make business decisions (and that content is behind a pay wall online).
Take this recent example: McDonald’s May Drop Health Plan.
And then read the takedown by a conservative or the this New York Times article. There is really no excuse for sloppiness in this reporting other than a political agenda—after all the rationalization McDonald’s is giving for dropping the plan in the article is that they’re keeping too much money for themselves!
This is common sense: Murdoch bought the paper and changed its direction radically. If you are reading the Journal now to make business decisions, you are making really poor ones.