"I Started A Joke..."

Does anybody else suspect that “Israel” is the sickest joke ever committed against Jews by goyim?

Like:

“I know how to really screw the Jews,” the European diplomat declared.
“That’s got my attention,” sez the American diplomat. “Whachew got?”
“Let’s give ‘em ‘Israel,’ the European sez. “IN Palestine.”
“But there’s already a bunch of Arabs there. Aren’t they bound to object?” asks the American.
“Yep,” sez the European.
“Brilliant!” sez the American.