Thanks for the suggestions and explanations guys.
How about some yiddish words? No, I am not Jewish but have adopted these words nevertheless
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Schmuck. I use it in the context of people making stupid decisions. "Look at the schmucks in congress...."
Anti-schmuck insurance. This is a term used in Hollywood in contract negotiations. Usually at the end of negotiating they may ask for this "anti-schmuck insurance." It goes like this: "this deal sounds good but what if I find out someone else would get a much better deal and I would be called a Schmuck? I want a clause that says no one else can get a better deal." The proper contract term for it is Most Favorite Nation (MFN) clause.