Senate Releases $350B in Bailout Funds to Obama Who's going to get the "bailout" money? Read the fine print and you'll see that a whole lot of it is just going right straight to government agencies and projects. This is nothing but stealing from the achievers and producers to fund more dumb social re-engineering political projects. It's nothing but a massive government tax and spend program using panic to rush through things that would otherwise take longer. Examples mentioned in the news report follow: "The president-elect's call for a business tax credit for each new job created was jettisoned by Democrats who questioned its value and preferred to use the money elsewhere." "They agreed to Obama's separate proposal for a tax cut of $500 per worker and $1,000 per working couple." "More than $100 billion was ticketed for education, in part to help local school districts avoid the impact of state budget cuts." "Billions more would increase spending for food stamps and unemployment benefits and finance expanded worker retraining programs." "A written summary showed $30 billion for highway construction, $10 billion for mass transit and rail, and $3 billion for airport improvements." "And the $825 billion total is virtually certain to grow as the legislation advances through Congress." "The stimulus measure, meanwhile, encompassed a bewildering array of programs, from money to make broadband available in rural areas to support for scientific, biomedical and climate change research." "It also proposed an increase in Pell Grants for college students of $500, and would forgive repayment of a $7,500 tax credit that Congress passed last year as a loan for first-time homeowners." "Another $50 million would be spent "to put people to work making monument and memorial repairs at cemeteries for American heroes," according to an information sheet distributed by Democrats."