The Mexican gun-running program, proleishly labelled "Fast and Furious"; the murderous, mendacious Benghazi cover-up; the IRS thuggery, destruction of evidence, and obstruction of justice--all three of these scandals strike me as more corrupt and, in the case of the first two, deadly--literally, deadly--than the Watergate scandal that brought down Richard Nixon was. Yet even in contemporary America, late September 2014, I'd bet more people are familiar with the abuse of executive power that was Watergate than with the other three more recent and more serious abuses of executive power combined.
I'm not doing anything original by pointing out how the major media have become house organs of the Cathedral (or Establishment, or whatever moniker you prefer to use to describe the military-entertainment-religious-media-educational-corporate-industrial complex), but thinking about it in these terms is still enough to give pause to someone as cynical and jaded as I've become.
The watchdogs have become lapdogs. The pillars of the fourth estate crumbled long ago. The last remnants have escaped to the virtual world, where they exist precariously as disparate pieces of rubble... for now, anyway.