Yes, it is. If you read the full article, you find out just how misleading the title is, because Bush had nothing to do with allowing funding of this research.
The Bush administration has approved the first federally funded project using stem cells obtained from fetuses aborted up to eight weeks after conception...
Bush could have stopped this if he wanted to. He could have gone to the DC circuit challenging the law which prohibits him from stopping such funding, and asking for an injunction in the meantime. But he chose to fund this research, because in my opinion he does not really care about the issue of abortion.