A rising-star Democrat politician gets assassinated, and in the course of the next years all journalists who were present when this happened start getting knocked off one by one, by an evil, mysterious, all-powerful, sinister, TNT-happy (and doubtlessly Republican-controlled) organization with a rather bombastic name, "The Parallax Corporation" (sounds almost sci-fi-ish; anything with the letter "x" denotes "threat" and "ominous bad guys doing evil deeds").
Soon Beatty, the next reporter waiting in line to be spectacularly executed, nearly gets killed in a dam(!) accident. No, not a "damn accident", a DAM accident! Talk about pythonesque levels of comical overkill - sort of like Terry Jones (a Marxist, btw) trying to split a running train with his nose.
One would think that those SECRET, MYSTERIOUS, evil corporations/organizations would do things like this quietly, effectively, intelligently. Alas, Pakula wants to have his cake and eat it too: have the villains be all-powerful and yet as stupid and reckless as a drugged-up, drunk strip-bar bimbo doing a head-stand.
Next, Beatty survives an explosion on a yacht. (How he survives BOTH these assassination attempts, we never know.) Granted, not nearly as 007-esque as a dam being blown up to smithereens to kill ONE person, but rather funny too.
To cut a very silly, long story short, Beatty finds a killer-recruiting questionnaire from the evil evil dark "PARALLAX CORPORATION" (make sure you let that "X" hang on the top of your tongue when you say it out loud). One of the questions is "do you have a fear of blood?" You see, when recruiting assassins, it is of vital import to find out if the candidate is squeamish so you don't end up hiring someone like Pauly Shore to mess up the murders of your political enemies.
In the end, Beatty gets whacked, because even he isn't godlike enough to have 100 lives.
Pakula, who marketed this as a "drama/thriller" - and not a political sci-fi/horror action fantasy - has absolutely no basis in reality to go on. His portrayal of a "dark, underground, sinister" Right-wing America is the stuff of monster tales being told to kids.
No, Pakula, your DAM(n) stupid propaganda flicks still haven't helped bring about a surge of change in the minds of the U.S. voters, helping bring about a "spontaneous" proletariat revolution and then a "peace-loving" Communist regime - just as Marx had so... badly predicted.
Ironically (and this is nothing to laugh about), it is Pakulas heroes - Caucesku, Stalin, Mao, Lenin, Pol Pot - who regularly use(d) the kind of killer squads that Pakula actually wants us to believe that democratic regimes have in abundance.