Yes and no. Bush never told America he wanted to spend a trillion dollars over ten years suppyling free drugs to ALL seniors. In 2000, Bush campaigned on reforming Medicare and providing a limited package of welfare handouts to seniors.
"During the transition to better Medicare coverage, we will provide $12 billion a year in direct aid to low-income seniors. My plan sets aside $158 billion additional dollars for Medicare over the next ten years. Four years to provide An Immediate Helping Hand, and an additional $110 billion for Medicare modernization. I have said that education reform will be the first bill I propose to Congress. The measure I am proposing today-immediate prescription drugs for seniors-will be my second bill."
--- President Bush: Speech Modernizing Medicare, Allentown, PA Sep 5, 2000
Bush has given us taxpayers a 75% increase in education spending and the biggest welfare entitlement program since Medicare itself was signed into law by LBJ. That is not conservative policy and its not laughable either. Its pathetic leadership.
Which he hasn't done so the NO part of your object is utterly moot.
You can debate the semantics & constitutionality of Medicare until the cows come home but if a huge chunk of people whine about high Rx costs to politicians, politicians such as Bush will always concede in the end just like the 2003 tax cuts when those who didn't pay any taxes wanted their "tax cut" too.