Why is this a bad thing. Most of the UN resolutions that were passed since its creation have been strongly negative towards Israel. The UN is a barrier to peace as it is dictation from a foreign source that is detached from the actual situation. If there is a conflict over settlements or over water, let Israel discuss with the PA. If the PA does not want to discuss after being invited to the table a thousand times, then why should Israel abide by the will of the UN? Its really not their responsibility.
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Preliminary report: Shooting attack in East Jerusalem's Damascus Gate (Haaretz)
from the article: With settlement resolution veto, Obama has joined Likud