Please don't kid yourself. Bush has done a great dis-service to science and to the American people because he and his ilk are stuck in a bible bound bog of ignorance. Thus has it ever been for his kind and there is no 'under the table' science.
First, have you ever filled out a grant request? There's no space for 'fibbing'. There is a whole class of people now who make their living writing grant requests for artists, engineers and others, those poor schlubs who haven't the ability or knowledge to speak bureaucrat. One might be able to spread the rhetoric a little thick when asking for funding for a children's theatre project, but all the science grants have to be vetted from a number of sources, especially those that deal with disease.
Secondly, science doesn't really work in miracle cures, flash-bang finds and the like. It goes in baby steps. In stem cell research, the medical scientists would have to do a large number of long and short trials on patients who have been selected based on specific criteria (length and severity of condition, specific condition aspects, other non-related illnesses or circumstances.) Then those results have to be analysed and published so that others, following the same procedures used can attempt to duplicate those results.
Third, even when you get what you think it a miracle cure, it seldom is. Consider Interferon, discovered in 1957, not approved for clinical use till 1987, but when it was, it made all the covers of the major news magazines as a cure-all. Scientists demurred on the cure-all part and they were right. There is some effective use in hepatitis and MS but as a cure for cancer there is still much work to be done. Article :
http://www3.mdanderson.org/~oncolog/14_Interferon.html
What I'm saying it that this will be a long process and ought to proceed unfettered.
What Bush has done at the bequest of the same people who have opposed every movement towards medical progress from blood transfusions to vaccines is smear vaseline on the lens of American microscopes. Stem cell research will have to done with private funds over the long term and if you think it's difficult to get funding from the federal government, try writing a grant request to people who want a return on their investment in five years or less while informing them that it may take ten years just to get tentative results.
Joe