I'm surprised more people don't get it. Wikipedia says something about how a lame duck can't keep up with the flock, becoming a target for predators. Word Detective says something about the British stock exchange, and traders who default on debts. This is probably the historical origin - I've heard it from other sources.
But what is a lame duck, really? Well, a duck with an injured leg would swim in circles, accomplishing nothing. QED.
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