I read the Wapo piece, saw Herman Cain's knee-jerk reaction then noticed that the story was really a non-story hyped by a liberal writer and geared to hype up the liberal blogosphere.
Long story short involves a ranch, a rock and the word "Niggerhead".
I won't even waste the time explaining, I will just point you to a succinct overview from Hot Air and a couple questions from Malkin.
Hot Air:
This certainly seemed like a gift in the middle of a tough campaign, but as Jazz wrote yesterday, the Post’s story had a lot of holes in it — starting with the problem that they didn’t even find the rock in question, and that Perry’s family didn’t own or name the ranch, but in fact found the name offensive enough to cover with paint and flip over. Instead of waiting for more information, though, Cain accepted the premise of the Post’s article, which raised the ire of some conservatives, if my Twitter feed yesterday was any indication.
Michelle Malkin:
Has Perry actually used the racial epithet himself — you know, like the late, former KKK leader Robert Byrd did as recently as 2001?
Did Perry condescendingly refer to a black politician as “articulate and bright and clean” like Biden did when he described Barack Obama in 2007?
Did Perry racially stereotype Hispanics for political gain or refer offensively to President Obama’s “light skin” and “lack of a Negro dialect” like Senate Democrat leader Harry Reid did just last year?
No.
There you go... and liberals fell right into it.
In the meantime, liberals don't have zip, zilch, nada, nein, nothing, zero to say about this:
Shock Photos: Candidate Obama Appeared And Marched With New Black Panther Party in 2007
[Update] Even Perry critics refute Wapo's racism claims.