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Why IRS investigation is already Obama's Watergate – and Benghazi, too (+video)

Since Watergate, every two-term president has had a second-term scandal. First-term mistakes and hyperpartisanship make probes – like those into Benghazi and the IRS – almost inevitable.

Are IRS scandal, Benghazi Obama's Watergate?
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Will Benghazi become President Obama's Watergate? Or perhaps the IRS scandal?

In a sense, they already have.

Watergate, of course, has become political parlance for any scandal that takes down a president. But it was also something that has become much more mundane – something that has hit every two-term president since. It was a second-term scandal.

President Reagan had the Iran-contra affair. President Clinton had the Monica Lewinsky scandal. President Bush had his vice president, Dick Cheney, embroiled in investigations over the public outing of a CIA agent, Valerie Plame.

Now, it seems, Mr. Obama is genuinely a part of the club, with allegations that the White House hid the fact that the attack on a diplomatic outpost in Libya was terrorism, and that the IRS, on his watch, discriminated against conservative groups applying for tax-exempt status. 

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