The so called “third way” has failed everywhere, with Clinton and Blair as prime example. You must be patient, it will fail for Obama as well. It will be a catastrphe for Israel if the Center gets to form the government.
I don’t see the Rightist parties, especially the Religious parties, coalescing around a lesbian as Prime Minister to form a government. Livni, too, will fail.
Just Socialism under a different name.
“Third way is sometimes described as an idea of former social-democrats which replaces socialism with capitalism and a minimum of socialism, and a strategy to bring the social-democratic parties back to power where they have lost elections. For example, Slavoj Zizek argues that the notion of the Third Way emerged as the only alternative to the victorious global capitalism and its notion of liberal democracy when the Second Way crumbled.[39] Critics argue that third way politicians are in favour of ideas and policies that ultimately serve the interests of corporate power and the wealthy at the expense of the working class and the poor. Some also classify the Third Way as neosocialism or “neoliberalism with a social touch”.[40][41] In many western nations where social democratic or “socialist” parties have adopted centrist or third way policies or have been seen by some as doing so, many new leftwing parties have been able to attract voters disillusioned with the traditional left. These include The Left Party of Germany (formerly the Party of Democratic Socialism), the Left Party of Sweden, the Socialist Party of Ireland and Sinn Fein, The Respect Party of the United Kingdom, the Scottish Socialist Party, the Citizen and Republican Movement and the Communist Party of France, the Green Party in the United States and the United Left of Spain to name a few.”