• With: Kirsten Powers, Cal Thomas, Jim Pinkerton, Vicky Ward

    This is a rush transcript from "Fox News Watch," January 26, 2013. This copy may not be in its final form and may be updated.

    (BEGIN VIDEOTAPE)

    JON SCOTT, HOST: On "Fox News Watch."

    PRESIDENT BARACK OBAMA: Our journey is not complete.

    SCOTT: President Obama's big celebration Monday, his second inauguration drawing supporters, celebrities and the fawning media.

    UNIDENTIFIED MALE: I can't believe I have this vantage point.

    UNIDENTIFIED MALE: Mr. President, Mr. President!

    UNIDENTIFIED FEMALE: Mr. President!

    UNIDENTIFIED MALE: Mr. President! How are you doing?

    SCOTT: Did the cheerleading overshadow the reporting?

    SEN. JOHN MCCAIN, R-ARIZONA: The American people deserve to know answers.

    UNIDENTIFIED FEMALE: The New York Times -- Four are out at State Department after scathing report on Benghazi attacks. Not true.

    SEN. RAND PAUL, R-KENTUCKY: Had I been president at the time, I would have relieved you of your post.

    SCOTT: Hillary Clinton finally answering questions about the Benghazi attacks, putting on quite a performance for lawmakers and the press. Real emotion or just an act?

    The woman who ignited the Petraeus sex scandal takes her story to the press. Is it too late or, did the media take the bait?

    Notre Dame All-Star linebacker Manti Te'o gives Katie Couric the straight scoop on the fake girlfriend hoax.

    And Prince Harry gets hammered by the media for giving the facts.

    PRINCE HARRY: We fight when we have to. Take a life to save a life.

    (END VIDEO CLIP)

    SCOTT: On the panel this week, Daily Beast and USA Today columnist, Kirsten Powers. Syndicated columnist Cal Thomas. Jim Pinkerton, contributing editor, the American Conservative magazine, and investigative reporter and Fox News contributor, Vicky Ward.

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

    (BEGIN VIDEO CLIP)

    OBAMA: I, Barack Hussein Obama, do solemnly swear.

    JOHN ROBERTS, CHIEF JUSTICE OF THE SUPREME COURT: That I faithfully execute.

    OBAMA: That I will faithfully execute.

    ROBERTS: The office of president of the United States.

    OBAMA: The office of president of the United States.

    ROBERTS: And will to the best of my ability.

    OBAMA: And will to the best of my ability.

    ROBERTS: Preserve, protect and defend.

    OBAMA: Preserve, protect and defend.

    ROBERTS: The Constitution of the United States.

    OBAMA: The Constitution of the United States.

    ROBERTS: So help you God?

    OBAMA: So help me God.

    ROBERTS: Congratulations, Mr. President.

    (END VIDEO CLIP)

    SCOTT: It was a big day for Barack Obama on Monday, taking the ceremonial oath of office for his second term. It was a big day for the media as well. Jim, we had CNN's Jim Acosta saying that he had to pinch himself. We saw Al Roker screaming to get the president's attention. What happened to reporting?

    JIM PINKERTON, AMERICAN CONSERVATIVE MAGAZINE: Don't forget Chris Matthews comparing it to the Gettysburg address. Look, I think that Noah Rothman of Mediaite summarized it very well. He said this is the tale of two inaugurals. In 2005, which is to say Bush 43, the second inaugural, media sneers. In 2013, media cheers. And he could be alluding to the endless discussion about how great Mrs. Obama was dressing, the kids and so on and so on, and how good was the economy and how everything was great, in contrast to the 2005 inaugural, just eight short years ago, when the discussion was any money that was spent on the inaugural was coming at the expense of the poor, when the unemployment was a couple of points lower than it is now, and meanwhile, the Iraq war, et cetera, et cetera.