If by leadership, you mean George Weakdollar Bush, I agree.
The dollar is “cheap” which means our goods are cheaper abroad and our exports increase. Economics always is a double-edged sword, some get hurt and some benefit. Europe is hurting because its exports are losing out. A “strong” dollar is one that hurts US exports. More correctly, an “expensive” dollar hurts exports (but makes imports cheaper). Like much financial news, the death of the dollar is greatly exaggerated.
I mean Dubya, but also what was until a year or so ago a Republican Congress that passed all those spending bills that our fearless leader was more than happy to sign. Everybody screams about the Fed’s loose money policy, and they’re right, but they ignore the fact that if it weren’t for the government spending so much that it would make a drunken sailor blush, the Fed wouldn’t have to print money to keep up.