obamaAddressing the United Nations General Assembly in September, President Barack Obama declared the pursuit of Israeli-Palestinian peace one of the two main US foreign policy priorities for his second term. Fast-forward to today, the Obama administration faces a stark choice: expend more energy on a faltering peace process or absorb the hit to an already-troubled record in the Middle East and walk away from negotiations.  Secretary of State John Kerry, who met Obama on Tuesday for a “reality check,” says he hopes both sides will work with US mediators to “find a way back.” But as optimism fades, many inside and outside the Middle East warn now is not the time for a US diplomatic failure in the region. “A collapse of the peace process would only add to the perception that we really don’t know what we’re doing,” said Aaron David Miller, a former US peace negotiator. More