This is a rush transcript from "Fox News Watch," July 28, 2012. This copy may not be in its final form and may be updated.

JON SCOTT, HOST OF "FOX NEWS WATCH": On "Fox News Watch," it's been just over a week since the tragic and senseless killings it in a Colorado movie theater and a week of media coverage with some significant breaks.

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UNIDENTIFIED FOX CORRESPONDENT: That includes a report from Foxnews.com that the Colorado shooting suspect sent some sort of notebook to a psychiatrist.

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SCOTT: And major media mistakes.

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BRIAN ROSS, ABC NEWS: There is a Jim Holmes of Aurora, Colorado -- page on the Colorado Tea Party site.

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SCOTT: Has ABC's error affected your trust in journalism?

The movie theater massacre gave politicians and the press another chance to tackle the Second Amendment and rally for a change in gun laws. Are the news media becoming too predictable on the issues?

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PRESIDENT OBAMA: You didn't build that.

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SCOTT: The president's words still in the news, as are Mitt Romney's.

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MITT ROMNEY, (R), FORMER MASSACHUSETTS GOVERNOR & PRESIDENTIAL CANDIDATE: There are a few things that were disconcerting.

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SCOTT: Which 2012 candidate is the mainstream media protecting and which one is getting roasted?

And who is this little boy, and how did his story change news coverage?

(on camera): On the panel this week, writer and Fox News contributor, Judy Miller; Rich Lowry, editor of the National Review; Jim Pinkerton, contributing editor, the American Conservative magazine; and Daily Beast editor, Kirsten Powers.

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

SCOTT: It has been over a week now since we all learned of the terrible news, reports out of Aurora, Colorado, describing a shooting massacre at a late-night showing of the new Batman movie. News organizations scrambled, moving reporters and producer to the scene in order to report the horrific details, but not everyone got it right.

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GEORGE STEPHANOPOULOS, ABC NEWS ANCHOR: I want to go to Brian Ross here, because, Brian, you've been looking at, investigating the background of Jim Holmes and found something that might be significant.

ROSS: There is a Jim Holmes of Aurora, Colorado -- page on the Colorado Tea Party site as well, talking about him joining the Tea Party last year. Now, we don't know if this is the same Jim Holmes, but it is Jim Holmes of Aurora, Colorado.

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SCOTT: That was Brian Ross, ABC's investigative reporter, talking to George Stephanopoulos on "Good Morning, America."

Of course, it was not the Jim Holmes, Jim. On a scale of one to five, if five is completely lacking in journalistic credibility, where would you put this one?

JIM PINKERTON, CONTRIBUTING EDITOR, AMERICAN CONSERVATIVE MAGAZINE:  Six.

(LAUGHTER)

I mean, and here is why. Not only did they get it wrong, not only did Brian Ross use that great journalistic tool known as Google to find this guy, Jim Holmes, but then they put Brian Ross on that night on "ABC World News" at 6:30 p.m., and he did a completely different story about the shooting or something and never apologized. They didn't apologize during the day. But they owed not only the viewers but also Mr. Holmes, the innocent one, a full retraction, complete on the air. This goes into, they were so eager to put the Tea Party in there, too good to check, they couldn't wait, and they didn't even apologize.

SCOTT: Does nobody at ABC stop and think, Judy, hey; maybe we ought to check this out before we go to air with it?

JUDY MILLER, WRITER & FOX CONTRIBUTOR: That is the interesting question about this episode. Everybody makes mistakes but where were the editors? Where were the people who would say, maybe we ought not to put that on the air until we found out whether or not there is another Jim Holmes, which there was, whose e-mail was overflowing and whose phone was ringing off the hook, and he never got an apology from any one at ABC.

SCOTT: After the Gabrielle Giffords shooting, there was some effort to pin that event on the Tea Party and political vitriol and Sarah Palin and the ads she had taken out --

KIRSTEN POWERS, EDITOR, DAILY BEAST: Yes.

SCOTT: All of which was wrong.

POWERS: Yes. It is completely distasteful, first of all. You have the horrible tragedy and people are jumping to try to say let's blame it on a Tea Party or a political party. At the same time, you had the Breitbart going out and criticizing this, and then saying, oh, by the way, this guy might be a registered Democrat.

(LAUGHTER)