The rapturous applause that greeted Mahmoud Abbas, appearing before the U.N. General Assembly in his role as chairman of the PLO, was deceiving. The collection of states that swooned when he mentioned Yasser Arafat’s 1974 appearance in the same hall will never give him a state — nor even the foreign-aid money to pay his delegation’s hotel bills.

His statehood project depends on Israel and the United States, and to a lesser extent on the Europeans (and a bit of Gulf Arab financing). His U.N. gambit has annoyed or offended all of those parties. The Saudi gift of $200 million last week to support the Palestinian Authority was handed, precisely, to the PA and to its prime minister, Salam Fayyad, as a show of confidence in him and his institution-building work, bypassing Abbas and his PLO cronies.

The Israeli reaction to the Abbas speech is predictably negative, for it was a nasty piece of work filled with harshly worded denunciations — and from which any real commitment to telling truths to the Palestinian people was absent. Instead, Abbas repeatedly referred to the nakba or “catastrophe” of 1948 as the source of the Palestinians’ plight, thereby telegraphing to Israelis that his main complaint was the existence of the State of Israel rather than its “1967 borders.” His reference to the “Holy Land” as the home of Jesus Christ and the place from which Mohammed ascended to heaven excluded all references to Jews and Jewish history, and delivered the same awful message. The Abbas speech will end up strengthening Netanyahu’s tough approach to Israeli security.

But the most striking evidence of Abbas’s error came in the Quartet statement (from the U.S., the U.N., the EU, and Russia) released Friday night, after Abbas and Netanyahu had spoken. In the past two and half years, every Quartet statement has reflected Obama’s obsession with construction in the settlements and has demanded a freeze. The statements have also often reflected the Obama administration’s tilt toward the Palestinians and against Israel.

But not this one. Instead it reflected both Obama’s own U.N. speech, tilting the other way as the American elections appeared over the horizon, and EU annoyance with Abbas. This Quartet statement did not even mention settlements, not once, and instead simply laid out a long timetable for negotiations. The Quartet statement “reiterated its urgent appeal to the parties to overcome the current obstacles and resume direct bilateral Israeli-Palestinian negotiations without delay or preconditions,” thereby rejecting the Palestinian demand that a construction freeze come first.

The operational paragraphs were these:

1. Within a month there will be a preparatory meeting between the parties to agree an agenda and method of proceeding in the negotiation.

2. At that meeting there will be a commitment by both sides that the objective of any negotiation is to reach an agreement within a timeframe agreed to by the parties but not longer than the end of 2012. The Quartet expects the parties to come forward with comprehensive proposals within three months on territory and security, and to have made substantial progress within six months.

“The end of 2012” takes them, of course, beyond the U.S. elections. And lest the election-year tilt to Israel was still unclear, the State Department briefer who explained all this to the press late on Friday referred twice to Israeli “flexibility.” Gone are the days when the Obama administration pugnaciously sought confrontations with Jerusalem — at least until the reelection campaign is over.

But Palestinians would be mistaken to attribute the entirety of their defeat to American politics; they should note that Abbas did not get the Security Council vote he wanted. For the moment, at least, the Palestinians could not attain the nine votes they needed to win and thus force an American veto. This is another measure of their failure in New York.

It is true that Abbas’s U.N. ploy may work for him in terms of his own domestic politics — for a while, anyway. Instead of being the man who lost Gaza, he may briefly be the man who “bravely” took the statehood issue to the U.N. But he did not take the Palestinians one step closer to peace, nor did he speak to them seriously about what peace will require from them. In this he is a faithful follower of his mentor Yasser Arafat. If there is ever to be peace, the Palestinians will someday need a leadership that tells them the truth: Hard work and difficult compromises will be needed, not applause in the General Assembly.