New congressman Scott Peters (D-San Diego) earned his credentials by telling the U.S. Congress the pinch on technology innovation jobs San Diego will experience if the city loses the full amount in grant funds in health and science fields the sequester cuts. The positive action President Obama on Saturday said is needed to "invest in areas that help us grow" can roll back the cuts.
Progress made in innovative local fields, often set up by research done at San Diego research universities, might get held in check.
The interruption in job creation and local hiring the sequester forces local companies that depend on University research to withstand was only one centerpiece in Peters request for a bale out made to the House. Research Peter called "critical" in sciences that can save lives will stop. The federal government in the past has kept the research labor market filled by investing grants from the NIH and NSF that totaled 1,760 grants. San Diego can not afford to take a pass on grants. Obama's plan to talk to Republicans again this coming week, and Democrats, to find the investments that are not helping the economy grow to target for cuts that replace the sequester cuts has to succeed to prevent the hiring impact of the sequester from growing in San Diego.
Average growth has been steady during the recovery in San Diego, the economy growing behind the national growth that has produced jobs totaling 6.4 million over the last three years, but the markets in technological security and healthcare devices San Diego has cornered will lose enough labor force positions to make a solid recovery fail to grow to the full limit in frontier enterprises.
This is an On The Watch Take.
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