This is a rush transcript from "Fox News Watch," May 5, 2012. This copy may not be in its final form and may be updated.

JON SCOTT, HOST OF "FOX NEWS WATCH" (voice-over): On "Fox News Watch" --

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UNIDENTIFIED MALE: One World Trade Center is a symbol of liberty and pride for our entire country.

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SCOTT: This week, a symbolic of our nation's strength and resolve, One World Trade Center rises as the tallest building in Manhattan. The news media giving proper coverage of the historic event.

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PRESIDNENT OBAMA: A year ago, we were able to finally bring Usama bin Laden to justice.

(CHEERING)

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SCOTT: Also this week, President Obama marks one year since the death of bin Laden and takes a super secret trip to Afghanistan. Is this another portrayal of our nation's strength or a calculated political maneuver to get votes? And how did the media react?

Is the economy still the most important issue in America? New unemployment numbers show a minor uptick in jobs but are the media playing it as a major success for the administration?

And Newt Gingrich calls it quits in his bid to be the GOP's pick. Was it too soon?

(on camera): On the panel this week, the former president of Women's Media Center, Jehmu Greene; Jim Pinkerton, contributing editor, the American Conservative magazine; National Review editor, Rich Lowry; and Justin Duckham, Washington correspondent for Talk Radio News Service.

I'm Jon Scott. "Fox News Watch" is on right now.

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OBAMA: Over the last three years, the tide has turned. We broke the Taliban's momentum. We've built strong Afghanistan security forces. We devastated al Qaeda's leadership, taking out over 20 of their top 30 leaders. And one year ago, from a base here in Afghanistan, our troops launched the operation that killed Usama bin Laden. The goal that I set to defeat al Qaeda and deny it a chance to rebuild is now within our reach.

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SCOTT: President Obama from the Bagram Air Force Base in Afghanistan. He secretly flew this and signed a deal with the Afghanistan government on how the United States will proceed from this point forward. Mr. Obama also took the opportunity to mark one year since the death of Osama bin Laden. Critics accuse the president of politicizing bin Laden's death, as did Mitt Romney.

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MITT ROMNEY, (R), FORMER MASSACHUSETTS GOVERNOR & PRESIDENTIAL CANDIDATE: Let's not make the capture or killing of bin Laden a politically divisive event. There are plenty of differences between President Obama and myself, but let's not make up ones based on, well, he may not have done this.

(LAUGHTER)

It is disappointing and it's unfortunate.

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SCOTT: That was based on an ad that the Obama administration released questioning whether or not Mitt Romney might have done the same thing in ordering the bin Laden raid.

So, how did the media cover it this week?

JIM PINKERTON, CONTRIBUTING EDITOR, AMERICAN CONSERVATIVE MAGAZINE:  They jumped all over the Obama campaign on this. They thought it was inappropriate and impolitic for them to do it. And I think the Obama administration, the Obama campaign -- there is a difference, I think -- will face a quality control issue on the videos. We will get to that in another segment. They seem to have a little operation out there in Chicago cranking out stuff which blows up in their face. They are not paying attention to what they're putting out. And they're just as responsible for online videos and TV commercial but they are paying less attention to the online videos, just like this one.

SCOTT: Justin, even the Huffington Post, which is fond of the Obama administration, was critical of the release of that ad.

JUSTIN DUCKHAM, WASHINGTON CORRESPONDENT, TALK RADIO NEWS SERVICE, Arianna Huffington was actually critical of the entire nature of using foreign policy strength in campaign ads, and not fair in my view. This was all ridiculous. We just came from a presidential administration that, as a lot people pointed out, campaigned on an aircraft carrier. And now, suddenly, it is inappropriate? I don't think people buy it.

SCOTT: Jehmu?

JEHMU GREENE, FORMER PRESIDENT, WOMEN'S MEDIA CENTER: Well, they gave the writer of the "Daily Show" a lot easier time. They were probably able to take time off because it's so easy to take the clips from the Bush administration and basically show the exact opposite sentiment coming from many of the top conservative talkers, and all way up to the vice president. And you can compare the ad. So it's a lot of bother for those would want to say, well, you are holding Democrats, you're holding President Obama to a much different standard.

And I agree with Mark McKinnon in the Daily Beast. It would be absurd for him not to tout his greatest foreign policy achievement.

SCOTT: But -- OK. But, I guess, the question, one of the national security council people, Rich, said this trip took months of planning and there was no way to know in advance what the political atmosphere would be like on the day of this trip. But, you have to know that a speech that is given before dawn in Afghanistan would seem to have political overtones?

RICH LOWRY, EDITOR, NATIONAL REVIEW: At a superficial level, it was brilliant media management because they have this ad a week or so ago that's going to inherently be controversial because it takes a cheap shot at Mitt Romney, chum in the water. You get everyone debating Afghanistan and the death of bin Laden and, boom, next thing you know, the president is in Kabul saying, I am commander-in-chief and I will stand in front of these hulking armored vehicles and give a speech that everyone will cover, and there is nothing you can do about it.

(LAUGHTER)

So you have to admire the technical proficiency. But it just -- I don't have any problem with the president touting foreign policy accomplishments. He should. These are important questions. But even Mark McKinnon, who you cited, said he went over the line. You can do it subtlety in a way that does not grossly criticize it.

SCOTT: Even Bill Clinton makes an appearance in this ad.

PINKERTON: Right. There's two issues here. One is do presidents showboat about victories or perceived victories? The answer is, as Justin said, yes. Bush was on the aircraft carrier nine years ago and Obama is in Afghanistan. That is one thing. Any incumbent will do that. It's another thing to say my opponent would not do the same thing. That was the thing that got him in trouble. And part of it that got him in trouble was impugning Romney that he would not have the wisdom or the -- to do the same thing. You will never know that. Bush did not do that, as I recall, about John Kerry in 2004.

SCOTT: Is that a difference, Justin?