The deal was not perfect, but you’re telling me we all would not be better off today - the Palestinians most of all - had Arafat accepted Oslo?
Israel certainly did pursue this goal under Rabin, under Ehud Barack, and at other times. Did Israel pursue this goal under Netanyahu? Definitely not; and I argue against Netanyahu whenever the chance arises, I oppose him at almost every level, precisely for this reason.
Part of the reason why Israeli politicians who would pursue this goal have a hard time getting elected is a strong sense of disillusionment with the peace process caused by repeated failures over the years - such as Arafat’s rejection of Oslo.
Is there a way out? Yes; we must make our way our of this situation because we have no other choice. My hope is that the monumental disaster of Oct 7 has awoken people to the fact that Netanyahu’s path - of ignoring the Palestinian conflict, moving neither towards a two state solution nor towards annexation, is not a real path. The status quo cannot be maintained indefinitely. And from there, only religious zealots support annexation; the vast majority of Israelis understand that this would be suicidal. What does that leave? If we cannot keep the status quo, and we cannot annex the Palestinian territories, there remains only one path - the only path that was actually available all along - a genuine two state solution.