The incoming hope-and-change Obama administration advanced the narrative that at home and abroad it cared far more for people than profits. Its “reset” diplomacy (all in the past “bad,” all in the future “good”) was supposed to be about multilateral consensus instead of Bush-era unilateral hubris. But after almost 30 months, it is now clear that in our dealings abroad values like human rights, constitutional government, free-market liberal economics, and transparency do not matter much to the Obama administration. In all the acrimony over the Israeli-Palestinian open sore — forget disputed lands, past history, even the matter of an ally...