These three articles will convey practically all that's necessary to truly comprehend the US and Israel failures and their exploitation by the Arabs. I could not find anything in them that I could leave out, so instead of posting them in their entirety I am linking to them and strongly recommend them.
Mark Silverberg (Obama and His Muslim Outreach)
Jacques Neriah (What Other Surprises Are the Palestinians Preparing for Israel?)
Jackson Diehl (Mahmoud Abbas’s formula for war)
The rest is conversation.
UPDATE: I am adding two articles on Obama's DoS speech::
Omri Ceren (No, Of Course Palestinian Protests Aren’t Part of the Arab Spring)
Robert Satloff (President Obama, the 'Winds of Change,' and Middle East Peace)