These days if you want good daily business reporting the Financial Times is really the only choice you have.
Initially, I got the impression that opinion writers at the Journal seem to have a 'no-tax' fetish... But then, it appears that many other publications are joining the Journal in insisting on making the Bush-era tax income tax brackets permanent, because all of them are of the opinion that this is essentially a pretty good stimulus policy, considering that the other forms of stimulus show no signs of improving the miserable jobs numbers.
Arguing that the Journal has gone down the toilet since Murdoch bought it is a specious argument, and I would think that it is essentially an ad-hominem attack against Murdoch. Murdoch also owns the Fox serials like Family Guy, which has a blatantly far-left viewpoint and doesn't shy away from showing it... So McFarlane and co. routinely get the question, ' How can you work for Murdoch who also owns the 'fair and balanced' fox news?', to which they answer that Murdoch doesn't interfere with their business, because he wants revenue-generators, and he is a businessman first. Of course this is an anecdotal piece of info, but I do not think Murdoch is fiddling with the Journal. And the so-called 'right-wing / far-right-wing' articles appear under the clear heading 'opinion'...
So your claim that 'the Journal has gone down the toilet since Murdoch bought it' doesn't appear to be a fair one, to me.