It may seem strange that Israelis seem far more concerned about the resignation of Palestinian Prime Minister Salam Fayyad than the Palestinians. Israelis, along with the US and European states, value Fayyad - a former IMF economist who has been focused on building a Palestinian state from the ground up and has shown little interest in posturing at the UN.
Two myths about settlements have become pervasive and should be challenged. The first is the idea that the biggest barrier in returning to peace talks is Israel's ongoing settlement construction. The second is that the expansion of Israeli settlements in the West Bank is closing the door on a two-state solution.
We now need to do whatever it takes to break the cycle of despair and empower those who would eschew conflict and take risks for peace. President Bill Clinton as a new special envoy to the region? Bring it on. And even the Palestinian UN bid, viewed with great suspicion by many supporters of Israel. Labour is backing the bid in the hope it will help restart negotiations.
The Israel-Palestine conflict touches a nerve internationally more than any other conflict. Rarely does it seem to feel like just a lot of foreigners killing each other in some far-off exotic land, it feels like it hits home more directly. The controversy surrounding Veolia exemplifies this - the opponents of Israel's occupation of the West Bank see opposing contracts with Veolia as an opportunity to give their objections an immediate voice with an immediate effect.
While the rockets targeting Israeli civilians - men, women, and children - do not carry as deadly a payload as that of the German bombs of World War II, their aim is equally sinister and illegitimate: to instill fear in the hearts of Israelis and undermine their right to live in a free and independent state.
If Obama doesn't want to go down in history as the American President who missed the last chance for a two state solution he must not only act now to stop the bloodshed but devote serious American engagement to getting peace talks going again. He may fail, as others have before him (although the Arab Spring has changed the Middle East dynamic and should help focus Israeli minds), but at least he will have tried.