If you can't see the danger of changing the rules of the game and throwing people into jail based on that....
Also, I don't care what standards Presidents were held to. Presidents are human beings, which are all equal before the law. He was just as criminal as anyone else who engages in conspiracy to obstruct justice. If other Presidents successfully evaded prosecution for their crimes, that's too bad. However, it's no excuse to let another one slide.
We can also see that this goes only one way, although that's hindered by the big discontinuity of Ford and Carter being believed to be "clean" (although maybe I'm not remembering efforts to criminalize his short Administration, but a quick skim of Wikipedia didn't bring up anything) and Republicans then holding the office for 12 years.
"Let the whole thing come crashing down", well, that tells us how much you really care for "the people" ... you're talking about ending the Republic. The idea that the public will have an opportunity to elect officials after this is very questionable. Some people claim a desire to pursue justice no matter what the cost is idealistic, I'm with those who consider it idiotic. There is a reason our Founders created an unquestionable right for a President to pardon people, and this is one of the examples.
No, I'm referring to the collusion between the two extant political parties. Political parties receive no charter in the constitution and the founders of the country generally held them in low regard, and yet they've established a stranglehold on the country. Their reign is what I'm referring to when I say "Let the whole thing come crashing down."
Edit: George Washington said it better than I can in his farewell address[1].
[1] http://en.wikisource.org/wiki/Washington%27s_Farewell_Addres...