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Boehner on stimulus: 'Oh. My. God'

From NBC's Mike Viqueira
It's on. The $825 billion stimulus package unveiled by Democrats this morning has Republicans literally speechless.

"Oh. My. God," said a stuttering Minority Leader John Boehner moments ago at a news conference. He was reacting after having just read the provisions outlined by Democrats today.

$1 billion for community development block grants. $650 million for digital TV coupons. Billions for universities.

Boehner says that much of it isn't going to do anything to help the economy in the short term. He says the approach by Democrats is to "clean out every dime from the taxpayer," and that the nation can't "borrow and spend it's way to prosperity."

House Republicans held their own forum today in an effort to talk about their ideas for an alternative, which are largely centered around tax cuts and credits.

The Democratic bill will see committee action on Wednesday, or, as Appropriations chairman Dave Obey put it today, "The day after the crown prince is sworn in."

At her weekly presser, Nancy Pelosi, however, asserted that the package will save or create four million jobs.