The money in the bailout could, but I think the %4 of it figure is being extremely optimistic. It would likely take much more than that to do an effective job especially long term. Not to mention that there isn’t some infinite supply that the Earth magically gets it’s food from. There is only so much that can go around at one time, and when you calculate supply lines and other things it gets even worse.
If I was also going to play the devil's advocate and be a little harsh but realistic I could also point out the fact much of world hunger is the fault of the people of the world where that occurs. When you overpopulate way past the point of what the resources of your area can handle, some of which have always been arid and never produced a lot of food in the first place, and do nothing to control your population then in most ways you have nobody to blame but yourselves and you shouldn't just expect other people to cover for you. I don't feel like helping somebody in a third world country that has six kids and counting because they have made unwise decisions. I might feel bad for the kids, but you can't guilt yourself into doing something just because of that when it might be fore the best not to. If I can and there aren't other people close to me that also need help, then I help those that at least try to help themselves, not enable stupidity.