"All The President’s Men tells the story of the Watergate investigation in ways that scarcely seem fathomable from today’s perspective. Most notably, the movie runs nearly two and a half hours, yet ends before Bob Woodward (Robert Redford) and Carl Bernstein (Dustin Hoffman) crack the case—in fact, it concludes on a note of defeat, immediately after they make a huge mistake that sets back their efforts enormously. No studio nowadays would even consider trusting the audience to know that a movie’s heroes will be vindicated at a later date. (No studio would make a movie like this one at all, arguably, but that’s a separate issue. The closest contemporary equivalent is Zodiac, and that’s at least punctuated by murders.)"
Film Focus is key to the most subtly powerful moment in All The President’s Men: