1. The continued existence of Israel is still in debate and its continued existence is up in the air. On multiple occasions, the American rescued the Israelis (in 1948 by forcing the British not to re-occupy Palestine which was clearly their plan, again in 1967 and 1973 where but for the Americans the Soviet Union would have intervened). Given America’s increasingly isolationist policies, such help might not be forthcoming in the future. Given that most of the world regards the zionists as crimials for stealing Eretz Yisrael from the Muslims (note that the zionists reject the idea that G-d gave us any rights there), Israel is facing a permanent threat to its existence.
2. The State has caused tremendous damage to the Torah world by encouraging (some would say by coercing) people to give up a Torah lifestyle and become secular. This has been by design. If you hold that Torah, not political control of Eretz Yisrael, is the key to Jewish survival, Zionism is a fiasco.
3. Before the zionists, Jews lived at peace with the Muslims (okay, it was sort of like being African American in the USA before World War II, but it was peace and the Muslims never objected to Torah), and the zionist decision to go to war with a group that includes about a billion people means we have acquired a enemy who can do very serious harm to us. If the price of defeating the Muslims is to give up Torah, which is what the Israelis claim, it is too high a price.