• With: Judy Miller, Cal Thomas, Jim Pinkerton, Ellen Ratner

    This is a rush transcript from "Fox News Watch," July 21,2012. This copy may not be in its final form and may be updated.

    RICK FOLBAUM, GUEST HOST (voice-over): On "Fox News Watch"--


    PRESIDENT OBAMA: If you have a business, you didn't build that.


    FOLBAUM: -- our president's words kick up controversy, causing business owners and innovators to take issue with what he said. Did the media take issue, too, or did they ignore the issue?


    MITT ROMNEY, (R), FORMER MASSACHUSETTS GOVERNOR & PRESIDENTIAL CANDIDATE: It's kind of amusing I'm releasing two years of records.


    FOLBAUM: The press keep pressing Mitt Romney to show what he made, pushing for the GOP contender to make his tax returns public. Is it time for the political press to refocus?


    GEORGE ZIMMERMAN, ACCUSED OF SHOOTING UNARMED TEEN: I can't guess to what their motives are. I would just ask for an apology.


    FOLBAUM: Accused killer, George Zimmerman, goes public, giving Fox News the exclusive, and asking the rest of the press for an apology.

    A political reporter for The New York Times reveals a dirty little secret about how they get quotes from politicians.

    YouTube, famous for off-the-wall wacky videos, now becoming a trusted source for news.

    And a trip back in time to the happiest place in earth.

    (on camera): On the panel this week, writer and Fox News contributor, Judy Miller; syndicated columnist, Cal Thomas; Jim Pinkerton, contributing editor, Conservative American magazine; and Ellen Ratner, bureau chief of Talk Radio News Service.

    I'm Rick Folbaum, in for Jon Scott. "Fox News Watch" is on right now.


    OBAMA: If you're successful, somebody along the line gave you some help.


    OBAMA: There was a great teacher somewhere in your life.


    OBAMA: Somebody helped to create this unbelievable American system we have that allowed you to thrive. Someone invested roads and bridges. If you've got a business, you didn't build that.


    OBAMA: Somebody else made that happen.


    FOLBAUM: Mr. Obama's words getting attention of innovators and job makers and critics, of course. But no so much attention from the media, at least not right away.

    Cal, why not?

    CAL THOMAS, SYNDICATED COLUMNIST: The Romney campaign had one of those call-ins where journalists are able to call in and listen to what they want to present. On this call, there were four small business people, including an African-American woman who said she was outraged at the president's suggestion that she needed the government's help in order to make her business successful. All four of those people expressed the same attitude.

    The first question from the first journalist who able to ask was, when are going to release your tax returns. So they get on this line and they don't get off. It's like a dog grabbing your ankle. They won't let go.

    FOLBAUM: We'll talk about the tax returns in just a moment.

    But first, Ellen, Brent Bozell, who is with the conservative watchdog group, Media Research Center. He counted the number of hours it took for the network newscasts to actually mention and talk about the comments that the president made. NBC took 94 hours. And then, it took CBS and ABC another 24 hours to talk about this. Is that biased?

    ELLEN RATNER, BUREAU CHIEF, TALK RADIO NEWS SERVICE: It's actually biased. I do believe America is made not just of individual innovations, but together, working together, the news did not look at that speech at all. Some of the conservatives did. More in the mainstream absolutely did not. Some of the liberals reacting to some of the conservatives on some of the blogs did. But mainstream media did ignore the story.

    FOLBAUM: It seems like when Mitt Romney says something, like he did last summer during the primaries, that corporations are people, the media pounces on that right away. Here, there was such a lag time. Once they did start to talk about it, Judy, they don't talk about it too much.

    JUDY MILLER, WRITER & FOX NEWS CONTRIBUTOR: I think what they did, Rick, is they took his remarks out of context and they just played the last part of the president's remarks, which is you didn't do this alone. Therefore, it led some people to conclude that Obama was a Socialist, which, of course, is ridiculous. And Mark Halpern pointed out the conflation of what he said, the editing of it to make it seem like he said something he hadn't said was what really caused this controversy.

    I don't see what's extraordinary about it. Hillary Clinton said it takes a village. Most people understand --