Regardless of the fall in value over the last month, over the last year the US dollar seems like it is in reasonable shape. See below:

But wait… lets expand the time frame about the length of Bush’s time in office. See below:

While I am not one to blame all our misfortunes on one man, I think the whole adminstration should take the blame. That being said, any strides it seems like the dollar has made over the last 6 months seem absolutely useless compared to where we were 8 years ago.
Take the good with the bad, at least better people are coming into office… maybe.
More on this topic
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2012 U.S. Dollar Outlook: How to Play A Short-Term Rally
(Money Morning, 1/20/12)
Is the USD Back Against the Swissy?
(, 1/23/12)
After New Sanctions Iranian Rial Falls Further Against the USD
(Forex Trading TV Video Blog, 1/25/12)