He is saying he US supports the two state solution. Obama says Israel has an obligation to stop settlements. He says there is no reason to impose an artificial deadline in respect to Iran.
Because if he waits until after their election, he might not be able to use Ahmadinnerjacket as a scapegoat any longer, and the distortion of his rhetorical statements about "the Zionist regime" will no longer apply to a moderate Iranian leader that will hopefully replace him.
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