Around every election, basic cable stations dust off their copies of All the President’s Men and start airing it. For better or for worse, Watergate is still central to modern politics and especially modern journalism. It’s encouraging, of course, that we still want to believe no American, including the president, is above the law, and that all we need to stop corruption is for enterprising journalists to expose it. However, this year might well be the death knell of the Watergate mythos. In 2016, we learned that exposing prosecutable corruption at the highest levels is no impediment to a presidential campaign, nor is it a particular problem for the current president.