Right, but just changing the name of the person running doesn't change that, unless your term limits are set at one term, which is a whole other set of problems. If you're worried about all that time fund raising go for publicly funded elections only.
Honestly, term limits amount to little less than telling people they can't vote for someone they want to vote for. Lots of states have term limits in their governments. They haven't made Missouri suck any less that I can see. They certainly haven't improved our presidents.