Constitutional FAQ Answer #78
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Q78. "Can a president serve two consecutive terms,
sit out a term and then be re-elected."
A. The first phrase in the 22nd Amendment is
pretty clear: "No person shall be elected to the office of the President more
than twice..." You cannot be President for two terms and then be President
again later. That President cannot even be Vice President, by virtue of the 12th Amendment, so unless it is repealed, two is as
far as you can get. The only exception to this whole scheme is when a person
assumes the Presidency after the half-way mark in a term. The President would
have served out one term, could be elected to a second term, and is still
eligible for one more full term.