The best of Pharaoh's officers are drowned in the Red Sea. The deep waters have covered them; they sank to the depths like a stone. (Exodus 15)
Israel survives, its enemies perish, and - with today's Gaza war in mind - only its enemies perish.
How desperately we need a miracle like that now.
There is a midrash that asks - Why did God put Israel in a situation where they were being chased by an army from behind them, and faced a sea in front of them? It answers simply - so that they would pray. Perhaps, in these tough times, Shirat Hayam can be that prayer.