Obama v Netanyahu

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I just want to ensure that I understand what is happening right now between President Barak Obama and Prime Minister Benajmin Netanyahu — the United States and Israel. 

My understanding of history in this region is that the Six-day War between June 5 and 10, 1967, redrew the boundaries of Egypt (called the UAR — United Arab Republic — then), Syria, and Jordan. In effect, Israel captured the Sinai Peninsula and Gaza Strip from Egypt, the West Bank and East Jerusalem from Jordan, and the Golan Heights from Syria. The initial attack came from Israel, but most strategic thinkers consider this attack a justified preemptive precaution against an attack by Egypt and Syria that was certain to happen shortly. 
Things stayed this way until the Yom Kippur War in October, 1973, when Egypt and Syria launched a coordinated surprise attack against Israel. As a side note, I think it is interesting that Golda Meir, Moshe Dayan, and General David Elazar met just six hours before the war commenced. Dayan counseled waiting, whereas Elazar urged an immediate preemptive attack. Meir finally opted to wait, since only the US still supplied arms and supplies to Israel, and she didn’t want to antagonize the US by a preemptive strike, even though this was Israel’s stated national policy. The US brokered a peace that ultimately resulted in Israel returning the Sinai Peninsula to Egypt in return for formal diplomatic recognition by Egypt.
Ever since then, the Arab world has continuously worked to change this, using terrorism as their main weapon. The US has staunchly supported Israel, supporting its claim to the West Bank, Golan Heights, and Gaza. The US has recognized that Israel must somehow find a way to accommodate the growing Palestinian population, but has never publicly insisted that Israel give back the remaining territory captured in the Six-day War.
But — this is exactly what Obama has done! Will he next propose that the US return the Southwest to Mexico? Or Florida to Spain? Or the Eastern Seaboard to England?

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