Yet the Obama State Department has repeatedly refused to endorse these agreements or even say it will honor them. This from a president who piously insists that all parties to the conflict honor previous obligations.

The entire "natural growth" issue is a concoction. It's farcical to suggest that the peace process is moribund because a teacher in the Jewish Quarter of Jerusalem is making an addition to her house to accommodate new grandchildren -- when Gaza is run by Hamas terrorists dedicated to permanent war with Israel and when Mahmoud Abbas, having turned down every one of Ehud Olmert's peace offers, brazenly declares that he is in a waiting mode -- waiting for Hamas to become moderate and for Israel to cave -- before he'll do anything to advance peace.

In his much-heralded "Muslim world" address in Cairo Thursday, Obama declared that the Palestinian people's "situation" is "intolerable." Indeed it is, the result of 60 years of Palestinian leadership that gave its people corruption, tyranny, religious intolerance and forced militarization; leadership that for three generations -- Haj Amin al-Husseini in 1947, Yasser Arafat in 2000, Abbas in December 2008 -- rejected every offer of independence and dignity, choosing destitution and despair rather than accept any settlement not accompanied by the extinction of Israel.

In the 16 years since the Oslo accords turned the West Bank and Gaza over to the Palestinians, their leaders -- Fatah and Hamas alike -- built no schools, no roads, no courthouses, no hospitals, no institutions that would relieve their people's suffering. Instead they poured everything into an infrastructure of war and terror, all the while depositing billions (from gullible Western donors) into their Swiss bank accounts.

Obama says he came to Cairo to tell the truth. But he uttered not a word of that. Instead, among all the bromides and lofty sentiments, he issued but one concrete declaration of new American policy: "The United States does not accept the legitimacy of continued Israeli settlements," thus reinforcing the myth that Palestinian misery and statelessness are the fault of Israel and the settlements.

Blaming Israel and picking a fight over "natural growth" may curry favor with the Muslim "street." But it will only induce the Arab states to do like Abbas: sit and wait for America to deliver Israel on a platter. Which makes the Obama strategy not just dishonorable but self-defeating.