Our success or failure will affect our stature at a time of rickety public trust in us. It will raise or lower the temperature of civic discourse, which is perilously hot. Above all, it will have an impact on who takes the oath of office in January 2021. Democracies don’t just get the leaders they deserve. They get the leaders who make it through whatever obstacle course — and thrive in whatever atmosphere — their media has created.

“The shadow of what we did last time looms over this next time,” the former CBS newsman Dan Rather, who has covered more than half a century of presidential elections, told me. And what we did last time was emphasize the sound and the fury, because Trump provided both in lavish measure.

“When you cover this as spectacle,” Rather said, “what’s lost is context, perspective and depth. And when you cover this as spectacle, he is the star.” Spectacle is his métier. He’s indisputably spectacular. And even if it’s a ghastly spectacle and presented that way, it still lets him control the narrative. As the writer Steve Almond observed in a recently published essay, “He appears powerful to his followers, which is central to his strongman mystique.”