We're one corporate meltdown away from having the dollar be the peso's bitch.

In this line, Miller uses deliberately crude, comic hyperbole to express anxiety about U.S. economic fragility. “One corporate meltdown” evokes the idea that a single major business failure—through fraud, excessive leverage, or systemic contagion—could trigger broader financial panic. The comparison to the Mexican peso (often stereotyped in U.S. political comedy as weaker or less stable than the dollar) is meant to dramatize a feared reversal of status: the dollar losing its global prestige and purchasing power. The shock value of “bitch” underscores his satirical posture—mocking complacency and warning that confidence in the currency depends on institutional credibility and market trust.