But also completely horrible and wrong. The thing is that it's about a 9-year-old girl, and the twitter feed of America's Finest News Source is very public thing. If someone making funnies at a private Oscar watching party had said it, or if a comedian had set it up appropriately at a club ("After 3 hours of watching E! coverage of the red carpet, I half expected one of them to call Quvenzhané Wallis a..."), it wouldn't have been a horrible crime. But twitter is very public and often lacks any context. Whatever the intention, it was just a bad idea. She's a kid.
