Bill O'Reilly just aired the much-hyped but apparently very brief video Fox News has of civil rights leader Jesse Jackson saying he wants to "cut [Barack Obama's] nuts off." It sounds like Jackson is upset over the Democratic presidential candidate's position on faith-based federal initiatives. But that's beside the point. First off, what left-wing political activist worth his salt whispers sensitive, private thoughts like these while fully mic-ed at a Fox News affiliate? More to the point, did Jackson learn absolutely nothing from the "Hymietown" fiasco in 1984, when he tried to make off-the-record remarks about Jews in New York to reporters on a campaign airplane flight? Anyway, Jackson has already apologized, and the two guests brought on by O'Reilly didn't think it was a big deal (one because Jackson already apologized, and one because he argues Jackson's not taken seriously anymore anyway) . Video of Jackson's comments and text of his apology are after the jump. UPDATE: O'Reilly also said Fox News has audio of Jackson that is "more damaging that what you heard" but won't air it because it's not relevant and the sensitive network is not out to get Jesse Jackson. Video after the jump. UPDATE 2:

Also, Michelle Obama used to babysit Jesse Jackson's son when he was a teenager. THIS CHANGES EVERYTHING, etc.

Video of Jackson's comments, either above or via this YouTube:

Apology:

For any harm or hurt that this hot-mic conversation may have caused, I apologize. My support for Sen. Obama's campaign is wide, deep and unequivocal.

In case there was any doubt Fox News will be repeating this thing incessantly, O'Reilly played it three times in the first four minutes of his show.

Video of O'Reilly saying Fox is holding back footage of Jackson saying even worse things, and speculating that Jackson is scared of Obama winning because if he becomes president that will mean racism is over and Jackson will be out of a job:

These guys are such pros at the art of the smear. You just have to watch and learn: First the gossip and insinuation (as with the non-existent Michelle Obama "whitey" video), THEN the goods, which are totally optional since you can do plenty of damage with just the insinuation part.