Ed Morrissey has the story.
Why now? Apparently, the notion of Hope and Change has overwhelmed Serrano to the point that he just can’t stand to see Barack Obama limited to two terms in office. Never mind the fact that Obama has yet to start his first term, and no one knows yet whether he’d get re-elected in 2012. Maybe it’s that New Deal vibe; Serrano may want to prepare the way for a more tangible comparison between Obama and FDR in 2016 and 2020.
We'll see how much traction this gets and how "mainstream" the idea of an eternal Obama presidency gets.
So far, no one has added themselves as a cosponsor to Serrano’s bill, but if any do, perhaps Democrats might want to explain why they suddenly have a yen for Hugo Chavez-style executives after screeching hysterically about Bush’s ideas of the “unitary executive,” which they completely misunderstood anyway.
Again, "What if Bush had done this?"