PAGE: Being as they were enjoying the benefits of Social Security and those other programs that...
WALLACE: Ronald -- Ronald Reagan, too, found himself with low approval ratings, and -- and a tough economy.
TAPPER: His numbers track -- you and I were talking about this...
WALLACE: With Obama.
TAPPER: His numbers track with Obama's very closely.
WALLACE: But he did the opposite. He crafted an agenda that -- that so appealed to the political center that it created an entire new class of voters, the Reagan Democrats. Obama has gone the opposite direction and seems only interested in expanding government, increasing its role in people's lives, and -- and, you know, I think will have the opposite impact that Reagan's did.
TAPPER: You know, Nicolle, you talked about the Tea Partiers, and that gives me an opportunity to change the subject to something else that happened this week that was very interesting. The NAACP had its convention, and they passed a resolution, one they have not yet released to the public, that condemns racism among the Tea Party movement. And here is an interview with NAACP President Ben Jealous.
(BEGIN VIDEO CLIP) JEALOUS: Tea Party members have called congressmen the n-word, have called congressmen the f-word. We've seen them carry racial signs. And whenever it happens, the membership tries to shirk responsibility. If the Tea Party wants to be respected and wants to be part of the mainstream in this country, they have to act in a responsible way.
(END VIDEO CLIP)
TAPPER: Clarence, why did the NAACP spend so much time or at least get so much attention for condemning the Tea Party movement? Is this an important priority for them?
PAGE: Rightly or wrongly, they are voicing the sentiments that a lot of African-Americans feel and the liberal establishment, if you will. And we can debate over whether or not congressmen really were called the n-word or not. It's a he said/he said dispute.
But what's more fundamentally important, Jake, is a year ago we were talking about, is the NAACP still relevant when you've got a black president? Now the NAACP is on page one leading the domestic discussion this week. This is probably the most talked-about issue of the week.
And they are diametrically opposed to the Tea Party in virtually every way, demographically, philosophically, et cetera. It makes sense that they would be in dispute. But this is all being played out on talk shows like this one, and I think we're doing a very good job of it.
WILL: Precisely. There's nothing like name-calling and a kind of left-wing McCarthyism to enable the NAACP to make a desperate lunge for its vanished relevance. You say that this episode that he's talking about and the vice president made an oblique reference to it is he said/he said, whether or not the n-word was used. It's a he said and four television cameras monitoring that event say it didn't happen.
PAGE: A lot of noise. People were yelling things of all kinds, so...
WILL: A talk radio host in this country has offered $100,000 to anyone who can produce a shred of evidence that it happened.
WILL: A hundred thousand dollars still on the table.