05/30/2012 08:15 am ET Updated Jul 30, 2012

Jon Stewart Skewers Fox News, Roger Ailes Over Socialism Accusations (VIDEO)

After being on vacation for two weeks, "The Daily Show" made a triumphant return Monday night with guest Michelle Obama and a certain bone to pick. Namely, the fact that the media jumped on Jon Stewart in his absence and started calling him a socialist.

First, Fox News Chief Roger Ailes claimed that Stewart "admitted to [him] in a bar" that he is a socialist. Then, a 2000 clip of Stewart in an interview with Larry King, saying, "I think I would say I'm more of a socialist or an independent," surfaced and was used to support Ailes' claim.

Stewart didn't seem to remember this conversation, though. This night where he and Ailes were hanging out in a bar after the Republican National Convention and talking politics over a couple of drinks somehow eluded his memory.

It wasn't until he recreated the scene with some of his coworkers that Stewart was able to "remember" the night.

In a sarcastic paraphrase of Ailes that evening, Stewart joked:

Oh, Jon! Did I ever tell you that I, Roger Ailes, plan to undermine the role of an independent press by constantly whining at any reportage that deviates from a staunch conservative narrative is biased, while at the same time filling the editorial vacuum that that creates by building a Conservative propaganda juggernaut in the guise of a news organization... Jon, I'm gonna call the organization Fox News, and its tagline will be -- you're gonna love this: 'A Fanatically Micro-Managed Media Fiefdom Where My Own Far-Right Agenda And Personal Sense of Victomhood Drive Every Aspect of the Operation... and Balanced.'

Party talk aside, though, Stewart wanted to remind everyone that the word Socialism wasn't a scandalous thing until conservative figures adopted it as a way of knocking Obamacare.

"A program where everyone will be forced to buy health insurance in a competitive marketplace from private, for-profit insurance companies?" he quipped. "It's a Marxist's dream!"

Watch clip one above and then head over to the "Daily Show" website to check out clips two and three.