It is probably their only shot.
If it wasn’t for COVID and the economy crashing on him though, Your Favorite President would still be in the White House. Blumpf would easily beat Joe Biden in a rematch in 2024 although it would likely be closer than a generic Republican candidate because he is so annoying.
Note: I agree with Ross Douthat’s article this weekend that suburban voters and Independents are fickle and could easily swing back to the GOP while the Democrats are permanently alienating White rural voters. The Democrats were banking on keeping the Red Dogs. This is why they harp on endlessly on how much they hate Trump and January 6th. It appeals to a certain kind of True Con voter.