Rachel runs down the list of GOP hypocrites who have been willing to go against everything that the Obama administration and the Democrats have proposed but are willing to go home and hold up big checks and take credit for that money coming into their local economies without batting an eye. As Rachel points out, it's not a secret that they've done this, and they don't care. And they are never, never, never going to vote with the Democrats no matter what they do or how much they extend their hand to the Reblicans and try to work with them.
As Rachel pointed out, Think Progress has done a lot of great work on the subject and here are a few examples.
The GOP is not interested in productive policy and instead as Rachel noted sabotaging the President's agenda. I'm not sure what good he thinks this meeting is going to do other than hopefully point out their rank hypocrisy, but so far he's giving way too much deference to the party of "no" that deserves none. The Republicans are more than happy to continue to drive the economy into a ditch if they think it will keep them in office.
UPDATE: Here's a link to the transcript for anyone that would like to pass it along.