On Thursday night's "Daily Show," Jon Stewart dedicated the beginning of the episode to breaking down what's been going on with the government's Fast and Furious investigation.

In the segment, Stewart echoed Republicans who have charged that Attorney General Eric Holder has engaged in a cover-up and that the president's assertion of executive privilege in the case is hypocritical.

After showing a clip of Obama in 2007 criticizing George W. Bush of using the controversial measure, Stewart went on to mock Democrats who have made the talk show rounds defending the president, announcing that it's time to play America's favorite game, "Differentiate Your Party's Assertion of Executive Privilege From The Previous Administration's."

"The president needs to protect his ability to get advice," Stewart joked. "Even if that advice is something incredibly stupid, like 'Why don't we let Mexican drug runners smuggle guns into Mexico and not track them for no f*cking reason whatsoever?'"

You can watch part one of the segment above and part two below.