If memory serves, Clinton did indeed state on at least one occasion that he wished he could've served a third term, and I recall polling in 2000 suggesting he could've had it if it weren't for that pesky 22nd amendment - even after the Lewinsky scandal (it always amazes me that despite all of Clinton's crimes and misdemeanors the only thing they really went after him for was lying about screwing an intern. Just goes to show you that our political system is essentially a sham - but I digress).
@Draugnar - yes, he was impeached, but not convicted. The Clintons were just too good at collecting blackmail material to actually sink no matter how many hits they took. But an impeachment without a senate conviction is essentially meaningless - if Clinton had been impeached but not convicted in his first term, there's nothing that says he couldn't have run for a second.
@Invictus - if freedom of action is so important, why don't we elect Presidents for Life, like the Venetians did? Seemed to serve them very well. Most people also seemed to think if worked well for FDR - or do you think he should've been termed out in 1940, to be replaced by a corporate lawyer who'd never held political office before in his life?
I served on a government body for one year with 17 other people once. We spent the first 6 months figuring out what we were doing, three months doing it, and three months wrapping up and preparing the way for the next group of 18 people who had no idea what they were doing. It was the most compelling argument against Term Limits I could've ever imagined. And this was on a podunk county organization that had essentially been emasculated over the decades. Imagine what the Presidency of the United States is like. I can understand this Honduran what's-his-name guy being frustrated and wanting to run for another term, especially if someone he was particularly opposed to was lined up to win the election and be his successor already.