Analysis: Bush Stands By His Space Plan

Washington, (UPI) July 26, 2004
President George W. Bush's new space exploration plan has received a burst of hard-core support in Congress, aimed at blocking any attempt to cut its funding, and backed up by a rare veto threat from the president himself.
This development has emerged in the wake of action by a House appropriations subcommittee last week, which cut the administration's NASA budget request for fiscal year 2005 by more than $1 billion.

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Well, that's only option for him.
If he would retreat from behind/give up his space plan he would lose lot of credibility and votes.