The Reverend Jesse Jackson is in heaps of hot water after an open mic caught him saying very “ugly” and “very, very disparaging” things about Democratic Presidential nominee Barack Obama according to a leaked tidbit Matt Drudge has posted on the Drudge Report.

REV. JESSE JACKSON APOLOGIZES TO SEN. BARACK OBAMA FOR ‘CRUDE AND HURTFUL COMMENTS’ CAUGHT BY OPEN MIC… CNN DESCRIBES AS ‘UGLY WORDS,’ ‘VERY, VERY DISPARAGING’; JACKSON IN ‘DEEP DISTRESS’… FOX NEWS IN POSSESSION OF TAPE AND WILL PLAY IN ENTIRETY TONIGHT ON ‘O’REILLY’, ‘HANNITY AND COLMES’; OBAMA: NO COMMENT… DEVELOPING…

Be sure to tune in to Bill O’Reilly tonight (see below) to find out exactly what Rev. Rainbow Coalition had to say. It should be a very interesting 48 hour political news cycle. See below in bold for what Rev. Jackson said about Barack.

Rev. Jackson apologized when speaking to CNN about his hurtful comments. This is what he had to say:

“This is a sound bite in a broader conversation about urban policy and racial disparities. I feel very distressed because I’m supportive of this campaign and with the senator, what he has done and is doing,” he said. “I said he comes down as speaking down to black people. The moral message must be a much broader message. What we need really is racial justice and urban policy and jobs and health care. That’s a range of issues on the menu.

“Then I said something I regret was crude. It was very private. And very much a sound bite,” he also said.

And here is what Rev. Jackson had to say on the video that just aired on O’Reilly’s ‘The Factor’.

“See, Barack been, um talking down to black people on this faith based…”

“I want to cut his nuts off.”

“Barack, he’s been talking down to black people”

Jackson’s big issue seems to be with faith based programs which is rather odd coming from a Reverend. Obama has been supportive of expanding faith based programs.

O’Reilly went on to say that they held back from airing the most damning of the audio clips because they were irrelevant.  The nut cutting remark is pretty damning as it is.

Here is a quick video clip of Jackson’s apology to Barack and the Nation: