It depends. If Dukakis responds to the recession better than Bush did, that increases his chances. Bush was like a dear caught in the headlights when confronted with domestic and economic issues. I don't see why the Cold War wouldn't end as it did OTL, so that helps, granted US/Russian relations post 1991 TTL maybe different than in OTL. As for Saddam Hussein's invasion of Kuwait, who's to say it would still happen? It happened largely because the Bush administration didn't take Saddam seriously, maybe Dukakis takes it more seriously and makes clear to Saddam that if he invades there would be consequences. I personally think it would be an uphill battle, but 1992 TTL wouldn't be a repeat of 1980 OTL either, it would be a rather close election. If Dukakis plays his cards right and the GOP doesn't put up an exceptional candidate, Dukakis gets a second term. The Democrats were due for a two term Presidency at some point, because up until Clinton's re election of OTL, the Democrats hadn't had a President elected to more than one term since FDR. If they didn't get it in the 1990s, it would come in the 2000s.