Some related thoughts over at GlennReynolds.com.

UPDATE: Reader Edward Tabakin writes:

I do believe we’ve just seen the Republicans make their own “Post Office.” Yep, 1994, all over again.

Why do you think the President caved so quickly? Did Hastert threaten to stop all legislation? Given the Senate’s Immigration Bill is headed for conference, that might be a good thing.

Indeed. I’m increasingly convinced that there’s something going on behind the scenes that we’re not hearing, but I’m not sure what it is.