What sort of precedent do you think Obama is making for future presidents?

How do you think this will affect potential candidacies for people new to politics? For African American presidential candidates? Hispanic? If, in 2020, a person new to the political arena were to run, what do you think the reception would be since Obama was also new to politics?

Bonus Question: How did we decide that presidential terms are to be 4 years? Why not make it 5?
 
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