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Neither Tel Aviv nor Ramallah held their breaths Thursday as the American president gave a speech in Cairo; the traffic in both crowded cities continued normally. Tel Aviv was indifferent, Ramallah sunk in desperation: Both cities have already had their fill of nice, historic speeches.

Nonetheless, no one can ignore the speech given by Barack Obama: The mountain birthed a mountain. Obama remained Obama. Only the Israeli analysts tried to diminish the speech's importance ("not terrible"), to spread fear ("he mentioned the Holocaust and the Nakba in a single breath"), or were insulted on our behalf ("he did not mention our right to the land as promised in the Bible"). All these were redundant and unnecessary. Obama emerged Thursday as a true friend of Israel.

The prime minister ordered the ministers to say nothing, but of course they could not help but invade the studios. Uzi Landau said that a Palestinian state is tantamount to an "Iranian state." Isaac Herzog appeared even more ridiculous when he said that the problem with the settlements is one of "public relations." In essence, both were busy with the same problem: How can we manage to pull the new America's leg as well? Israeli politicians have never before appeared as pathetic, as small as they did Thursday, compared to the bearer of promise in Cairo.

Indeed, there was promise in Cairo, of the dawn of a new age. A U.S. president talking about negotiations with Iran without preconditions or tacit threats, even willing to accept Iran having civilian nuclear capability; a president who talked about Hamas as a legitimate organization that represents part of Palestinian society, but that needs to relinquish violence; who spoke with empathy about Palestinian suffering; who spoke, believe it or not, about security not only for Israelis but also for Palestinians; who said that all the settlements are illegal; who called for nuclear disarmament of the entire region. All are sensational messages, headlines whose significance cannot be exaggerated, even if there are those who desperately tried to argue yesterday that "there was nothing new in his speech."

Not enough? Obama also spoke in Cairo (!) against denying the Holocaust, about the rights of women and Copts, and on the need for democracy tailored to each society's culture.

This is the thinking of a great leader, who walked with wisdom and sensitivity between the Holocaust and the Nakba, between Israelis and Palestinians, between Americans and Arabs, between Christians, Jews and Muslims. How easy it is to imagine his predecessor, George Bush the Terrible, in the same position: a complete opposite.

Our right-wingers were disappointed that he did not approve at least of Gush Etzion, and the peace lovers were disappointed that he did not offer a timetable. But a speech is just that, and the time for carrying things out is still to come.

But why waste words? Israeli news shows still opened Thursday with the Dudu Topaz story; that is what really interests Israelis. Never mind Obama; Israel has its own concerns.