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The graphic novel is the pinnacle of writing, combining a fascinating look at history, politics, economics, racism, sexism, sexualism, feminism, science, geo-political influences, media, art, and vigilantism. There's so much there it's hard to get all the references and subtleties the first time you read it, and the second time you read it, and the 14th time you read it. I can't begin to explain all the symbolism and all the small details that are in the story. But I'll try to set a background.
The story takes place in an alternate 1985. In this timeline Richard Nixon is a 5th term president, being rewarded for his success in Vietnam and perfect reputation. In this timeline the threat of Mutually Assured Destruction has been somewhat derailed by the "birth" of the first real superhero, Dr. Manhattan, who was a scientist blown up in a particle accelerator in New mexico. Dr. Manhattan after being blown up was able to reconstruct himself and became a super genius able to manipulate matter and all other sorts of fun things, including the ability to stop a number of russian missiles from landing in the event of nuclear war. Notice I said the first real superhero, as all the other "superheroes" are actually masked vigilantes, with no real powers other than wearing costumes. At some point in the United States all vigilantes were outlawed with the exception of Dr. Manhattan and one called the Comedian. The story begins as the alter ego of the Comedian is found dead. The same Comedian who secretly disposed of the watergate scandal, the same person who did unthinkable things in Vietnam alongside Dr. Manhattan. And when another vigilante finds out who the dead man is, he thinks someone if going around killing the retired vigilantes.
I'm going to stop there because I just can't possibly write enough to do the story justice. It's too complicated, I find myself not even knowing how to describe plots and subplots, you just have to read it folks, or see it, or preferably see it then read it, or even better read it then see it. I rarely get excited for a movie, but this is one I've wanted to see for a long time.