"I think it's very important for our friends, the Israelis, to have a peaceful Palestinian state living on their border. And it's very important for the Palestinian people to have a peaceful, hopeful future." So spoke President Bush just two days after his re-election, just exactly as news reports were leaking Yasser Arafat's demise.The combination of Mr. Bush's stunning new mandate and Mr. Arafat's near-death condition will lead, I predict, to a quick revival of Palestinian-Israeli diplomacy after months of relative doldrums and to massive dangers to Israel.The doldrums will cease because the Bush administration views Mr. Arafat as the...