If presidents were elected differently then it might not be a problem. It's the divisiveness of the election process that makes term limits necessary. What if a President was elected three or four times by a slim majority? Eventually the part of the country that didn't vote for him would give up, either by not voting at all or by openly attacking the presidency, calling it a monarchy and denouncing not only the President also but other half of the country that elected him. Term limits stir things up every eight years, and by changing our allegiences so often we don't get stuck in our old ways.
If there was a way to prevent political parties from polarizing the voters then we could all reach a consesus, and then having the same president for more than a decade wouldn't be such a big deal.
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