First off- I'm from Israel, and an avid slashdot reader for some time now (but that's besides the point) and this is the very first time I've felt so compelled about a comment to actually register an account :)

So much of what you wrote indicates absolute ignorance in Mid east affairs and I just had to name a few of your "inaccuaricies":
1. "Egypt today has a peace treaty with Egypt" - seriously? Israel does have one, as it has for over thirty years.
2. Israel-Turkey relations have never been poorer, in Israel it's been attributed to Turkey's current PM (ErdoÄYan) policies- it's been so poor that in the past month Turkey called off a joint Israel-Turkey-US aerial exercise after Turkey recalled Israel's invitation at the last minute and the US wouldn't partke.
3. Iraq, supposedly "Israel's greatest threat today" according to Ariel Sharon, is no longer a threat.
Serously?? you may not know this but Ariel Sharon has been in a coma for the past 5 years so I would advise against taking any of his "current advice" ;)
4. You made a comment about economic concerns, Israel's economic state really is good (though the GDP per capita isn't higher than Spain's, you can google it yourself) but for the most part people here really are afraid for Israel's existence, for example- Syria, Hizbollah backed Iran who constantly state in public that they want to destroy the "zionist entity", Hamas shooting rockets daily, Iran sending warships "to secure Syria"...
It doesn't mean I agree with all the decisions the politicians make but this is a democratic nation (unlike most countries around us) and if the people feel it doesn't properly represent them they can actually voice their criticism and may even go for re-election...

You clearly don't know enough about the situation to have an informed opinion...