Public Sector Employment and Pay (II)

Once again, President Obama appears to be caving to Republican demands without trying to actually get something in return. This time it's a freeze of federal employee pay. I've written before why this is a stupid approach and it still is.

Does Obama really think this will do anything to affect deficits, bring about a magical age of bipartisanship and unicorns, or is in any way good policy? I don't get it.