In the ongoing disagreement between Comedy Central host Jon Stewart and Fox News host Chris Wallace, Stewart appears to be the clear winner, after a segment last night utterly laid bare the conservative network’s pattern of defending Republican talking points.

“I make fun of liberals or Democrats because I want, as part of my brilliant and cynic strategy, to maintain enough credibility to continue making fun of conservatives and Republicans,” Stewart deadpanned, summarizing Wallace’s argument against him. “And that narrative of conservative victimization is the true genius of what Fox News has accomplished.

“Any editorial judgment in news or schools or movies that doesn’t favor the conservative view is elitism and is evidence of liberal bias,” he continued. “Whereas any editorial judgment that favors the conservative view is evidence of fairness and is done to protect them from liberal bias. And if you criticize Fox for this game, guess what that is evidence of? How right they are about how persecuted. It is air-tighter than an otter’s anus.”

This video is from The Daily Show, broadcast Monday, June 27, 2011.