Mike told us Monday ... he agrees Bill shouldn't lose his job over his controversial joke on 'Real Time.' He's a firm believer in Maher's First Amendment rights. Still, the rapper says things would've played out MUCH differently if he had been sitting across from Bill, instead of Sen. Ben Sasse.
He says it's all about teaching Bill a lesson: white folks dropping the n-word sound stupid. Don't worry though, Mike's all about making peace ... as in peace pipe.