For those of you who aren't familiar with the origin of the phrase, the practice of referring to Jews as Semites (the root of the term antisemitism) began about 150 years ago in Germany (of course).
It was meant as an insult in that no matter how assimilated Jews in Europe were, they could never be part of European society because their bloodlines were Semitic. They may LOOK like Europeans, but they could never really BE European.
Now, the same people who claimed Jews were too Semitic to live in Europe, claim that Jews are too European to live in Israel.
You have to admire the bald-facedness of it all.