As I explained to the person who was called a "Dragon Lady," I have always seen it it as sort of a back-handed compliment, connoting a woman who is admirably strong, but with whose opinions you may disagree. I think Margaret Thatcher, for example, was often called a Dragon Lady in the press, again, particularly by those who disagreed with her.
PM Thatcher was referred to as the Iron Lady. The Dragon Lady of recent historical note would be Madame Chiang Kai Shek, or Madame Ngô Đình Nhu, First Lady of South Vietnam.
The one eyed man in the kingdom of the blind wasn't king, he was stoned for seeing light.
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