Is Israel a "Jewish Democratic" state?

Over the last week or so in my Jewish History class, we have been talking extensively about Israel as a Jewish state, as a democratic state, and as a "Jewish Democratic" state. There are many different opinions throughout the world about this topic ranging from "Israel is a racist awful state" to "Israel is super Jewish and does nothing wrong ever" both of which I disagree with. Israel is considered a Jewish state for two main reasons; lots of Jewish history has occurred on this land, and in the modern state the majority of citizens are Jewish. A large group of Israelis are Muslim/Arab, I'll get back to this. Israel has a democratic system of government where officials are elected into office and laws are voted on democratically, but it is not completely democratic. Arabs living in the west bank are not given the right to vote, nor are they given citizenship, even though they are living under Israeli control, this is partially because if they were to give them citizenship and the right to vote the Jewish majority would have a much larger opposition therefore causing the concept of the "Jewish State" to begin to fade. I personally think a two state solution between Israel and Palestinians is the only real way to have a Jewish Democratic state. I have no clue what the borders would be, I have no idea how it would be accomplished, but it would keep the Jewish state as well as giving Palestinians a state to call their own. So is Israel a "Jewish Democratic" state? Not yet.