Leonard Doyle writing for the Telegraph said it all:

'The era of the blank cheque is over - from now on Israel must earn its privileged relationship with the United States - Mr Obama will make it clear that he will not allow his foreign policy objectives to be dictated by Israel and that Israel must resume working for peace with the Palestinians.'

'The President has already fired warning shots across the bow of the Israeli government to signal that he will not be pushed around by Mr Netanyahu's new Right-wing coalition.'

So that's about the size of it. Either negotiate genuinely for peace and a two state solution - or find another sponsor elsewhere.