When a sitting President cannot rally more than 33% of his own party members to vote in favor of a bill -- after going on national television and saying the sky will fall if said legislation doesn't get passed -- he truly is a sitting duck. Furthermore, failure to get this bill passed after intense lobbying speaks volumes about the President's inability to lead during this financial crisis.
Roll Call
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Don't you mean "lame duck"? Sitting duck is meant to refer to something that is an easy target, as in George w. Bush is a sitting duck for comedians and satirists.
You're right on the underlying point though.
See! This is what happens when I rush to get in a post before heading out to dinner. I definitely meant lame duck!
On the other hand, Cheney probably thinks he's a sitting duck.