I agree with this Wall Street Journal editorial (subscription required) saying:
....Social Security reform becomes even more important to Mr. Bush's Presidency and his political coalition in the wake of the Medicare giveaway. Republicans are bragging that by giving seniors a vast new entitlement they will sweep to victory in 2004. But the price of that "victory" has those of us who believe in limited government wondering what difference there is between the two parties.Following this advice would take courage, but we've seen Bush be courageous in other areas.
The only real way for Mr. Bush to vindicate the Medicare fiasco is by using whatever short-term political advantage it provides to reform the other great entitlement for the elderly.