The expression alludes to a hypothetical scenario of extreme deference or subservience. It depicts a situation where one individual, specifically a former president, is imagined to be acting in a highly submissive manner towards another, a prominent business figure. The imagery is intended to convey a sense of unequal power dynamics and potential sycophancy. An example would be using the phrase to suggest that a political leader is unduly influenced by a wealthy entrepreneur.
Such a conceptualization serves to highlight anxieties or concerns regarding the influence of wealth and power on political decision-making. It can be employed to critique perceived alliances between political figures and influential business leaders, or to question the integrity and independence of those in positions of authority. Historically, similar metaphorical expressions have been used to depict relationships of dependency or perceived corruption throughout various political and economic climates.