Whenever there’s a scandal(!), faux or otherwise, it’s compared to Watergate.
It’s worth remembering that Watergate didn’t mean anything politically in the long run. Sure, it affected the ’74 midterms, with Democrats gaining 49 seats in the House (fewer than Republicans gained in 1994 or 2010, by the way), and maybe Ford lost in ’76 because he pardoned Nixon, but Reagan won easily only six years later.
Watergate had no structural impact of any kind on American politics. Maybe that put in new rules, but people found ways around them. Probably the biggest impact was it inflated DC journalists’ sense of their place in the world.
I believe that Richard Nixon — rivaled only by Johnson, and their relationship is symbiotic anyway — is the dominant figure of post-war American politics. Everything of importance in the last 40 years is a result of the southern strategy or at least a ricochet of a result.
Watergate was not a big deal, though.