There is a nearly month old rumor about this "tape." Until yesterday, the rumor was basically that Michelle ranted from Trinity, against "whitey." About a week ago the pure speculation (as in the whole thing could be false) broadened to include a transcript, "Why'd he" is part of that, but the (perhaps imaginary) transcript includes railing against "the white man" (that's a direct quote), which can't be homonized between "whitey" and "why'd he."
Yesterday, the rumor added an association with Farrakhan - a casual association, as in Michelle was either in the same panel with him, or sitting at the same table, or he was in the audience.
As rumors go, this is one of the more lively ones.
Google "larry johnson" "michelle obama" and you'll find plenty of history and action on the rumor.
Michele Obama on a panel with Louis Farrakhan making very vicious remarks about whitey...
on tape
heard on radio KSFO 560 AM, at 5:27am Lee Rodgers.
It harmomizes beautifully if one thinks of it as HER effort to make a play on words.