Jordan Peele and Keegan Michael Key were Jon Stewart's guests on "The Daily Show" Wednesday night, but the stars of "Key & Peele" came out early to participate in a panel discussion regarding whether certain words spoken and written by politicians and the media are racist, or not racist.

The segment is broken into two parts below: in part one, Jon Stewart introduces the "Racist Or Not Racist" panel, and in part two, Key and Peele are brought in as impartial judges.

Part One

Part Two

One of the stories they targeted was a column in the Washington Post by Richard Cohen. Cohen wrote, "People with conventional views must repress a gag reflex when considering the mayor elect of New York, a white man married to a black woman and with two biracial children." Both Key and Peele agreed that this statement was clearly racist ... against white people.

They went on to explain, "He's giving white people no credit. Basically, he's saying, Hey, you got to cut the Tea Party some slack because they can't think straight because they are trying too hard not to vomit when they see a black guy with a white girl, right?"

The panel then moved on to the final topic, but as soon as Stewart said Sarah Palin's name, everyone shouted, "Racist." However, after seeing a clip wherein Palin compares the national debt to slavery, everyone on the panel changed their answer to variations of the word, "Stupid."

"The Daily Show with Jon Stewart" airs every weeknight at 11 p.m. EST on Comedy Central.

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