An Israeli friend called and explained to me why President Bush's speech was actually a great victory for Israel: "Sharon did not move an inch, yet Bush basically said Arafat must go; withdrawal only to "safe borders"; no "Palestinian" state while there is still terror...what more could he have said on Israel's behalf?" I guess in the context of realpolitik he is right.
But in the simple context of reality and truth, I'd have liked it better if President Bush had said, "We will make sure the world repatriates the "Palestinians" to their native lands. And anyone who claims Islam as their religion is an enemy in our book."
That's what he should have said.