Rupert Murdoch has bought the Wall Street Journal and there are worries about how the editorial direction of the paper might change.

Let’s see if I have this correctly in my mind: Murdoch is an arch-conservative, pro-business, anti-regulation, international media titan. He runs Fox News, which is the house organ of the Republican Party.

The WSJ strongly supports the continuation of the Iraq War, supported the pardon of Lewis “Scooter” Libby, believes that the best regulation of business is no regulation, is against any policing of the mortgage or banking industry, and finds the Democrat Party to be totally insane on taxes, abortion, gun control and affirmative action.

If there are areas where the WSJ editorialists and Murdoch strongly disagree, I want to hear about it.