Like most politically-minded people in New Jersey, I will be focused this fall on the race for governor and on some on the assembly races. I get a kick out of the drama of politics and will be glued to my television on Election Day.
But while these races interest me, what really worries me more at this point is what happens during the time period between Election Day and when the elected officials are sworn into office. That time period is what is known as the “lame duck” session.
I did a little research on the phrase “lame duck” to see where it came from. Interestingly enough, it comes from the financial stock markets in the 1700s, when they had the Bears, the Bulls and the Lame Ducks. The “lame ducks” were those investors who could not pay off their debts from losses suffered through bad investments. While the bear market and bull market are still with us, the use of the term “lame duck” in reference to the stock market has almost disappeared in the United States.
Its use has shifted from the world of finance to the world of politics and government. (more…)