Bush's loyalties and financial ties are, and always have been, to the oil wealthy Saudis---

the Saudis are Wahhabi(who take a generally dim view of modernization, westernization, and non-believers) , and have many political problems, and have good reason to fear revolution, because the workers in their country, who outnumber them considerably, neither share their wealth, nor even have a say in the government--

Israel has proven a good scapegoat for the Saudis, because of it's seemingly constant violent and extreme reaction to Palestinian insurgency, causes Muslims and Arabs to feel a need for a benefactor and protector against the Zionists--The Saudis are happy to appear as generous and benevolent supports--

There is some feeling that the Saudis are a source for much of the Anti-Semitic propaganda that circulates throughout the Middle East--there is no doubt that State/Saudi media publicize and demonize every action by Israel--there is even a lot of feeling that the Saudis provide money and support for Palestinian terrorism--

Bush certainly expressed no desire to continue the Palestinian Peace Process, when he took office--Furthermore, he has seemed to encourage, rather than discourage, Sharron's most extreme actions--though they seem to provoke even greater violence, and create volumes of ill will in the Muslim world--this, incidentally, shore's up the Saudis position considerably--