Augmented reality is a wonderful thing, and Layar has figured out another use for it: tracking government bailout money. Yes, this new app for Android and iPhone 3GS allows a user to view recovery.gov contract dollars where they are actually being used. As you can see, there are a gratuitous amounts of blue circles around Washington D.C.. My my my, isn’t that just sad.

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Tags: Android, Augmented Reality, Cell Phones, iPhone, iPhone 3GS, Layar, Mobile Software