This is a rush transcript from "Fox News Watch," August 18, 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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MITT ROMNEY, (R), FORMER MASSACHUSETTS GOVERNOR & PRESIDENTIAL CANDIDATE: I did not make a mistake with this guy.

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SCOTT: -- Mitt Romney adds Congressman Paul Ryan to the GOP ticket and welcomes him to the race to the White House. Was the media welcome just as warm?

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JOE BIDEN, VICE PRESIDENT OF THE UNITED STATES: They're going to put ya'll back in chains.

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SCOTT: Obama's right-hand man goes very wrong with what many perceived as a racial slur, and the liberal media do double duty spinning the bad news.

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TOURE, CO-HOST OF "THE CYCLE": I don't say it lightly but this is niggerization.

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SCOTT: MSNBC's race expert takes political discourse to a new low, in fact, is that as low as they can go?

Our president is doing all he can to avoid tough questions from the White House press on the real issues, but he found time between campaign stops for his friends at "Entertainment Tonight."

Meet the moderators of the next big debates. Seem one-sided to you?

And here's a photo that needs a catchy caption.

(on camera): On the panel this week, writer and Fox News contributor, Judy Miller; syndicated columnist, Cal Thomas; Jim Pinkerton, contributing editor of The American Conservative magazine; and Daily Beast columnist, Kirsten Powers.

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

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REP. PAUL RYAN, R-WIS. & VICE PRESIDENTIAL CANDIDATE: Here's the issue. What President Obama is trying to do with his Medicare plan, he's trying to count a dollar twice. He's trying to suggest that these Medicare cuts can help Medicare. It doesn't, because he's taking those dollars from Medicare to spend on ObamaCare.

BIDEN: Romney wants to let the -- he said, in the first hundred days, he's going to let the big banks, once again, write their own rules. Unchain Wall Street.

(BOOING)

BIDEN: They're going to put ya'll back in chains.

(APPLAUSE)

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SCOTT: Two men running for vice president of the United States, two very different types of media coverage.

So, Jim, let's start with what Joe Biden said there. What was the media reaction?

JIM PINKERTON, CONTRIBUTING EDITOR, THE AMERICAN CONSERVATIVE MAGAZINE: They were sort of amused and said, well, it was a mistake and didn't make any further fuss about it. By contrast, you know, you go back to 1988, with Dan Quayle, a few comments he made turned him into a permanent idiot as far as the media was concerned. Go back to 1968, another Republican vice presidential candidate, Spiro Agnew, same thing. Biden is getting off easy.

SCOTT: So have the mainstream media become apologists for Joe Biden?

JUDY MILLER, WRITER & FOX NEWS CONTRIBUTOR: No. I don't think so. I think we're gotten used to these 'Bidenisms' that people don't react the way they once did. By the way, when the president of the United States has to walk away or distance himself from his own vice president, as Obama was forced to do this week, I think enough is said. The point has been made, it was a mistake, it shouldn't have happened.

SCOTT: But as Jim pointed out, when Dan Quayle misspelled potato on a chalkboard in a school classroom, it was front-page news.

KIRSTEN POWERS, COLUMNIST, THE DAILY BEAST: Yes.

SCOTT: When Biden makes a comment like that, what's the reaction?

POWERS: There is a glaring double standard. There's no question about it. And this went on actually, the last time around, between him and Sarah Palin. Joe Biden has been doing it since day one and it's been ignored. In fact, Carl Cannon(ph), after the election, wrote a great article, going through the things that Biden has said, and showing that there was an incredible double standard. And he's a nonpartisan journalist. He wasn't somebody who was doing it as a Republican.

I just think that idea that we just tolerate this because it's just Joe is not OK. You know, he shouldn't be -- he should be held to the same standard as everybody else.

SCOTT: There are reports that his team was trying to edit, trying to sort of sanitize the press pool reports coming out of that Virginia campaign appearance. That is just not done. But nobody seems to be screaming about it much.

CAL THOMAS, SYNDICATED COLUMNIST: It's not done unless, of course, you're part of the NBC organization, where they edit sound bites all the time.

Here is what the Romney campaign should do. You know, they were having trouble with one of the bands that they were using as a campaign theme song. Objected, so they pulled it. Romney should start opening up with the old Ray Charles song Unchain My Heart.