Yeah, see these charts here to see if you're feeling better about the "bail out" and where we're headed (BTW, these are "old" numbers from September):
Monetary base is the volume of "money" in the system.
Non-borrowed reserves is a measure of the amount of money banks are required to keep "on reserve" with the Fed.
Monetary base:
Non-borrowed reserves: 
This is money going to banks, basically. A crapload of T-bills have been issued, then you've got the bailout bucks...and it's all sitting on the books of the big banks. You can see that here: 
Where is that coming from? Well.... 
A portion of the monetary base is currency in circulation, but if you'll take a careful look at the following chart, you'll see the size of that "portion": 
Does anyone feel sick yet?