America Wakes Up to Space Potential

The United States is suffering with 9.4% unemployment and is finally waking up to the potential of space commercialization as a way to jumpstart new job creation.

http://www.nilesstar.com/2010/09/19/global-american-space-as-a-business%E2%80%A6-is-america-ready/

Experts at the European Space Agency (ESA) estimate that each Euro generates 20x in new economic growth, double the 9x to 11x from high-tech investments. Space agencies worldwide spend $45 billion a year, which could generate $900 billion in new jobs, or 9 million jobs at year at US$100,000 per job. These are exciting, high-level jobs, not sweeping floors or serving tourists.

Obama and the Democrats are seeking new ways to create jobs. They should expand NASA's tech transfer programs and integrate them with K-16 education, job retraining programs and regional incubators. If the U.S. government did, we could give hope to millions of Americans and inspire other space agencies to do likewise.