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Obama Must Do More For Israel: Billionaire Entrepreneur
CNBC.com | May 24, 2011 | 01:08 PM EDT

The most prominent Israeli-American business leader in the United States, Haim Saban, says President Obama needs to do more to show his support of Israel in light of the President’s comments last week suggesting Israel needs to return to its pre-1967 borders to achieve peace with the Palestinians.

In an exclusive interview with CNBC, Saban, one of the biggest individual supporters to the Democratic Party and chairman of Saban Capital Group, said Obama needs to visit Israel as he has done with other countries in the Middle East.

“I'm very perplexed as to why the president, who's been to Cairo, to Saudi Arabia, to Turkey, has not made a stop in Israel and spoken to the Israeli people, Saban said. "I believe that the president can clarify to the Israeli people what his positions are on Israel and calm them down. Because they are not calm right now.”

President Obama’s announcement last week that Israel would need to return to the “pre-1967 borders” in order to achieve peace with the Palestinians, prompted a huge outcry from Israelis and Israelis-Americans.

Obama has since backtracked on that statement. In a second speech this past weekend, he clarified that what he meant was there needed to be mutually agreed-upon land swaps.

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