America's enemies understand deeply and intuitively that no U.S. goals or resources in the Middle East are remotely as important as Israel. Why don't we?

Israel cruised through the recent global slump with scarcely a down quarter and no deficit or stimulus package. It is steadily increasing its global supremacy, behind only the U.S., in an array of leading-edge technologies. It is the global master of microchip design, network algorithms and medical instruments.

During...