Ugly Sister Competition Edit Meaning

1.

Being offered the choice between bad and worse.

"The salvation of the pound is that its problem is not a pound-specific problem," he said. "It's an ugly sister competition and at the moment we're looking the ugliest. But if you sell the pound, what will you buy?" (The New York Times, Jan. 21st, 2009)

See choice, sister, ugly, bad, worse, pretty