The point is that politicians are rarely if ever sincere in their espoused beliefs, and the Democrats are a center right neoliberal party which has never been comfortable with "leftist" politics because political power in the US has
always been biased towards the right. They aren't "running away" from "wokism" because it's a "miserable failure" (whatever that even means, these are just Trumpisms) but because they're seeking power over principle.
People forget that Trump used to be a Democrat and a liberal and he was pals with the Clintons and congratulated Hillary Clinton when she became Secretary of State. None of these people are sincere.
And the Democrats fail not because "Woke 1.0 was a miserable failure" but because they alienate their base (which is actual leftists who do support trans people and defunding the police and the like) while the other side is willing to embrace even the most activist fringe of their base because that's never a risk for the right.