Like a lot of "Labor" parties the world over, Israel's Labor isn't as liberal as its roots would suggest. It's sort of like France's "Socialist Party" which is a centrist party with socially liberal leanings rather than an actual socialist party.
There's also the problem of coalition-building. Unfortunately, Israel's current culture is very toxic towards the left, and left-wing parties aren't likely to do any better in this election than they did in the last one. As a result it's very possible that coalition-building could result in another gridlock as it did with the last election, where it comes down to who can organize fastest rather than who won the most.
Alternatly, a Labor-led coalition would have to bring parties in from the coalition Likud is running now - very possibly including likud itself (one can imagine the "triumph" of a supposed "unity government.) This would result in same-shit-different-day policies. The alternative to bringing in the current right-wing coalition parties, would be to bring in the United Arab List, since they seem set to do alright for themselves. The problem there is that labor, like all mainstream Israeli parties, is racist as fuck and isn't going to be the first leading party to bring "the Arabs" into Israel's government (as demonstrated with the last election, Israel's "liberal" parties would rather cede power to the right than bring in Arab parties)
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