Anything that goes wrong the next four years will be blamed on Bush, and by 2012 there may be 5-10 million newly enfranchised voters (present illegals who will be amnestied). Will the Republican Party be in a position to run a credible campaign in 2012, or will Obama's opponents be Libertarian and Green Party candidates?
The Clintonistas won't be in favor of repealing the 22nd amendment, if they are hoping to run Hillary in 2016.