Premiere is ruining the quality of my videos. How do I fix the problem in my program?

My original root video files are beautiful HD BUT when I import them into Premiere Pro CS5.5 the quality drops tremendously. I have even exported the video to see if it was only the preview screen. That video was jumpy and moving like crazy when my original files were still non-moving frames. I am working on a Mac. Can you help me understand where this problem is coming from. It just recently started. I am working in a professional studio and need to know how to fix this ASAP.
Thanks!

APologies, the title should say iphone, not ipod

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