The Wall Street Journal's David Wessel channeled the Obama administration's doom and gloom about the sequester on NPR's Morning Edition on Monday. Host Renee Montagne turned to Wessel to give a "reality check" on the sequester's current and future economic impact. The journalist cited how unnamed "economic forecasters...say they're worried that the effects of this spending restraint may have bigger negative effects" later this year.
Wessel harped on the "lots of little ways" the sequester has impacted people around the country, including the "bathroom in a national park where the toilets have been closed in some places" and how "the military is mowing grass less often at bases."
On NPR's Morning Edition on Monday, anchor Steve Inskeep welcomed a regular guest, Wall Street Journal economics editor David Wessel (from the liberal news side, not the conservative opinion-page side). The new Congress is already too "shrill" and "ugly" with libertarian argument against Federal Reserve chairman Ben Bernanke's printing money to buy government bonds:
INSKEEP: Rand Paul is a name that got a lot of attention in the election this past Tuesday. He won a Senate seat from Kentucky. But, of course, his father, Ron Paul, ran for president a couple of years back, is still in the House, and it looks like he's going to chair the committee that oversees Ben Bernanke's Fed.
WESSEL: That's right. Ron Paul, who wrote a book called "End the Fed" - so you know what he thinks ought to happen. He'll definitely give Mr. Bernanke a hard time, but he's really seen as something of an outlier. He's a Libertarian. He doesn't believe in paper money. And I don't think many of the other Republicans are quite comfortable with that view. But it will be interesting to have him in the House and his son, a senator from Kentucky, taking a seat that was vacated by another shrill critic of the Fed, Jim Bunning. So, it will be a lot of fireworks there, I'm sure.