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The Bush Administration has a misguided weak dollar policy. Don't expect much of a recovery until he heads back to Crawford.
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I don't think you can rest a weak dollar entirely on the Bush Administration. Yes he is partly at fault but there are many others to blame as well. Besides bush you have the most important player, the fed. For the last 6 months the fed has done nothing but murder the dollar by lowering interest rates to bail out the banks.
Actually the all time biggest player in a weak dollar was wilson who put the federal reserve into action and thus took us off the gold standard. In fact, if we would have been on a gold standard all this time oil would have virtually stayed flat.
Besides the fed, there is also a week congress who has instituted no BIG tax cuts or cut government spending.