Is Israel's "strategy" working?

First of all there are NO short answers to this and related questions. That said, the answer is NO. If you have any doubts look at the population figures, the surrounding growth of fundamentalism, and the Israeli economy.

Frankly, I am amazed by the number of folks who advocate Israeli strategic thought as a model for us. They either have an agenda or are just poorly informed (or perhaps both).

I would suggest that you also look at the report I posted a link to here concerning the relationship between the US and Israel. It came out of Harvard, Kennedy School of Government.

Tom