The President's New Space Policy
The President also decided to pursue Mars but not the Moon. This might be a bit of a mistake, since colonizing the Moon will provide useful experience for colonizing Mars, as well as a training ground for future colonists. If I were going as far as Mars on what is almost a one-way trip, I would want that kind of experience. Once you leave the Terra-Luna system, you aren't coming back soon.
On the plus side, leaving the government off the Moon means the private sector can exploit it more easily. The Moon is an excellent place for science, tourism and a probable source for Helium-3 for fusion power. I am a bit shocked that no one has briefed Obama about Helium-3 yet. He may have decided differently after such a brief. The Moon is also a great place to dump high level nuclear waste. Putting it in perpetual orbit is just plain rude and leaving it on Earth is hazardous. On th barren wasteland that is Luna, it won't be bothering anyone. Indeed, it may not even be noticed. All we need to utilize it is reliable lift.