Amidst all the mindless chatter about Obama's rhetoric, the only important line in the whole speech has been missed. Forget the even-handed bromides. Forget the offensive equation of the Holocaust with Palestinian suffering. Forget the unhappy fact that Obama has essentially become a salesman for the Geneva "accords". The one line in the speech that should cause every Israeli to lose sleep is this:

"I understand those who protest that some countries have weapons that others do not. No single nation should pick and choose which nations hold nuclear weapons. That is why I strongly reaffirmed America's commitment to seek a world in which no nations hold nuclear weapons. And any nation – including Iran – should have the right to access peaceful nuclear power if it complies with its responsibilities under the nuclear Non-Proliferation Treaty. That commitment is at the core of the Treaty, and it must be kept for all who fully abide by it. And I am hopeful that all countries in the region can share in this goal."

What he is saying here is that a) he will allow Iran to develop nuclear power (which in their case is only a few weeks different than developing nuclear weapons) and b) he will demand that Israel sign the NPT.

(Article VI of the NPT reads as follows:
"Each of the Parties to the Treaty undertakes to pursue negotiations in good faith on effective measures relating to cessation of the nuclear arms race at an early date and to nuclear disarmament, and on a Treaty on general and complete disarmament under strict and effective international control.")

In short, it looks like on the nuclear weapons issue, he's not going after Iran, a signatory state of the NPT, even if a mendacious one. He's coming after us.