Currently elected, and hopeless! (2-3)
I believe the answer is:
no-win
'hopeless' is the definition.
'currently elected' is the wordplay.
'currently' becomes 'now' (I've seen this in other clues).
'elected' becomes 'in'.
'now'+'in'='NO-WIN'
'and' is the link.
(Other definitions for no-win that I've seen before include "Denoting situation in which success is impossible" , "Certain to end in failure" .)