Texas senator Dan Patrick is clearly one of the millions of Americans who don't know what F1 is nor how popular it is everywhere else in the world. Only the USA is retarded in its grasp of the universal prestige and importance of Formula One. The advanced designs and technologies that spring forth from the teams' relentless efforts to be even better than they are now, gradually feed the marketplace with ever better, safer transportation.
Senator Patrick, with all due respect, I ask you to stop whining over poor old Texas being penniless and look at the facts. For one thing, you have wealth bubbling up out of the ground all around you, so all you need is some proper management with honest, good intentions and Texas will have money coming out of its ears.
Formula One fans over the world will be tuning in to see the United States Grand Prix at the Austin Texas facility. That means that families in virtually every country in the world will see and become interested in Austin, Texas, and the United States. That can mean markets, products, and investment in general for your poor, squalid, indebted state.
Motor vehicles for the masses are manufactured in Texas. In Canada, I bought a gorgeous Buick Roadmaster Estate Wagon Ltd that was built in Arlington, Texas. That plant was converted to make American pickup trucks, so if F1 devotees in Japan, Russia, France, Germany and elsewhere like what they see of Texas, more Sierras and Silverados might be toting loads throughout the world.
The Austin Texas enterprise to build a state-of-the art motor sport facility has nothing to do with the alleged $27 billion dollar budget deficit, except that it might help to pay it down. The $250 million dollar price tag on the new track is to be paid over 10 years at $25 million dollars each year.
People should know that the respected senator from Texas estimates that each year approximately $300 million additional bucks will slosh around in Texas because of the United States Formula One Grand Prix.
"This is something we should not be doing," Patrick said. "How can you justify spending $25 million? That is 500 teachers."
The business enterprise of a purpose-built F1 racing facility has nothing to do with the failure of the state government to properly budget for quality education for Texas' young people. A big, impressive, world-class facility of international interest is a good investment, not a frivolous waste. Look elsewhere, lawmakers, to find where the peoples' money is flowing inappropriately.
The US F1 Grand Prix is expected to re-debut in 2012, and is contracted to continue at the Austin facility until 2021. For those who point to the debauched history of the US Grand Prix as it existed between 2000 and 2007, it's like blaming oranges for worms in apples.