America has posed as a fair broker in the mideast peace process even though they were pouring military, political , and financial support into Israel nonstop. It was widely understood that America was not a fair broker but was instead, an agent for Israel. Nonetheless, the various peace processes were a show and nobody except America had the stature to run them. With a veto of a Palestinian state in the UN, America will be rubbing the noses of all the nations of the world, in the fact that, America indeed, is an agent for Israel. It is the end of America's peace brokering days in the mideast.
PM: If U.S. aid doesn't address Israel's security needs, we'll wait for next president (Haaretz)
from the article: Abbas: Palestinians to seek full UN membership