This is basically my take as well. Its one of those imperfect solutions to a clearly busted system. If the US was a healthy functioning democracy term limits would probably be bad but between gerrymandering, legalized bribery, and corporate media consolidation about the only reason we don’t have presidents for life at this point is the term limit.
I’m sure when they point out this obvious hypocrisy and inconsistency in a quipy Sorkinesque matter this will all be resolved very nicely, complete with a John Williams theme in the credits I’m sure!