What political capital? Once again the US intervened to prevent Israel from achieving a major victory after it was attacked. The US not only refused to take out the Iranian nuclear capability, it effectively prevented Israel from doing so. The US helped oust Mubarak and install the Muslim Brotherhood, whose program has long called for death to the Jews and the destruction of Israel. Obama's appointments of Hagel and Brennan are entirely consistent with his program of making the Muslim World happy. Israel has not squandered any political capital with Obama, because it has not had any political capital with Obama.
Public Security Minister Erdan considers outlawing Jewish extremist organization Lehava (Haaretz)