Moral equivalence?

Great quote from littlegreenfootballs regarding Obama's speech at the UN.

"And again, there’s a serious problem that no one wants to examine: the continued rejection of Israel’s right to exist, not just from Palestinians, but from the entire Arab world. For Obama to paint this as a simple matter of moral equivalence, with both sides equally to blame and both sides equally interested in finding a resolution, is simply wrong. Unfortunately, this state of denial has dominated US policy for many years, and shows no sign of ending any time soon."
http://littlegreenfootballs.com/article/34729_Big_Day_at_the_UN