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Praying that Donald Trump can save Americas freedoms!

Archive for the tag “B.J. McCombs”

DONALD TRUMP – PART TWO

Donald Trump has captured my attention deeper than any human I ever voted for since Ronald Regan. I was skeptical of Reagan at first because of his being Governor of LaLa land, the home of fruits and nuts. What he did for America has steadily been destroyed by Bush, Clinton, Bush and totally wrecked by Obama. I can’t bring myself to address Obama as Mr. or President as I have absolutely no respect for him as a man or what he has done to destroy our Constitution and States Rights.

Do I like Donald Trump? Liking him is not a leadership factor and I have never met the man. What I do respect is his proven no-nonsense leadership and a burning desire to clean up the out-of-control mess in Washington. Several of the others say they will do the same but only one, Ted Cruz, has the determination to do what the Donald has promised. Cruz will never get the nomination as he no big money supporters and will not be able to buy the nomination. He would make the perfect replacement for Joe Biden and be President after he and the Donald shake up America like it has never been done before. Everyone in politics and the sugar daddies, Soros, Buffett, the Koch’s and hundreds more who actually run the government  are scared to death of the Donald and Cruz.  In this series I am working on you will see facts that many didn’t know about him, including me..

Some love Trump and far too many spew hate but no one can deny he is thought-provoking, and clearly deserves a chance to be the Republican nominee. I hope you will read all of the articles I am working on before you write Trump off. He is abrasive and unfortunately he is the enemy of all of the others running, except Cruz.  Remember how the politicians made fun of Ronald Reagan. Reagan did not have to combat the Republicans and the 100% negative press by the networks who all also hate his guts, including Fox. 

Trump has stirred up the RINOs, like McCain, Graham, Boehner, McConnell and many more. This will be obvious in the evident during the GOP debates ( really donkey barbecues)  that are underway today. What is so obvious are the charges made and the criticisms of Trump that are amazingly unproven cheap shots. So far the Republicans, Democrats or the rabid major networks can’t find any ​negative facts from his employees or others who have done business with him. Rest assured they will dig up dirt and any highly successful person will make enemies from the zealousness of losers and ex-wives. 

I just read a great article that related some facts about the Donald that impressed me deeply, I will share them with you. “His long-term employees call him a strong and merciful leader and say he is far more righteous and of high integrity​ than people may think​. While it may surprise many, he’s actually humble when it comes to his generosity and kindness. A good example is a story that tells of his limo breaking down on a deserted highway outside of New York City. A middle-aged couple stopped to help him and as a thank you he paid off their mortgage, but he didn’t brag about it”. Generous and good people rarely discuss any charity they bestow on others”. Take the time to absorb some on the “facts” you will read. I will start off with his position regarding the military.

Trump has no desire to take military action in any other country’s problems unless we are compensated for doing so. Risking our military lives or incurring major expenditures must also be compensated.  He has cited that the Iraq War was a huge monetary expense to American taxpayers (over $1.5 trillion, and possibly much more depending on what sources are used. The loss of American lives can never be compensated and the loss of Iraqi lives was horrible. Trump has made it clear that Iraq should have been required to compensate America with oil for all of the expenses we incurred. Trump added another debt that Iraq should pay for, includes the medical costs for our military and $5 million for each family that lost a loved one in the war and $2 million for each family of soldiers who received severe injuries. How many of you knew this? I did not.

Trump is committed that America must have a strong military again. His number one priority for the federal government is national defense. He has stated that we need to groom military leaders like General Patton or General MacArthur to rebuild our military back to the strength it must be. That’s all for today, the remaining articles will address how Trump views other issues. The need for an Executive branch of government that will “Kick ass and take names” will be decided in 2016. I hope you will join me in electing Trump/Cruz.  

C Brewer  

 

EDUCATION TEXAS- A TOTAL DISASTER

Just when I thought no one could outspend Obama, this article was sent to me by a daughter who gets a newspaper. Living in rural Texas limits ones access to daily newsprint. Can anyone with any common sense explain to me the logic associated with this unbelievable fiasco, other than stupidity? The Texas education program is beyond stupid. Our Governor, legislature and the Texas Education Agency have created so many unfunded programs to require more teachers, then cut the budgets so success is impossible. I am now convinced that Washington D.C. may have more incompetents but Austin Texas has to have more per capita. I hope this reaches as many Texans as possible. CB

Texas Taxpayers Finance Formula One Auto Races as Schools Dismiss Teachers

By Darrell Preston and Aaron Kuriloff

Texas, which may balance its budget by firing thousands of teachers, plans to commit $25 million in state funds to Formula One auto racing each year for a decade.

Four years after motorsports’ most popular series left the U.S., Texas investors including Clear Channel Communications Inc. co-founder B.J. “Red” McCombs are building a 3.4-mile (5.5-kilometer) track to bring the event to Austin. Comptroller Susan Combs has agreed to pay $25 million for races through 2022, a subsidy questioned by critics and lawmakers as the state cuts costs to close an estimated $15 billion two-year deficit.

“I don’t understand why 25 people in Austin could not put up $1 million each if they thought this was a good opportunity instead of the state making a $25 million commitment,” said Senator Dan Patrick, a Houston Republican. “The developers should find the money through private sources.”

As many as 100,000 teachers in Texas may be fired because of spending cuts to cope with the state’s budget crisis, according to Moak Casey & Associates, an Austin-based education consultant. For $25 million a year, the state could pay more than 500 teachers an average salary of $48,000.

“I have to wonder why the state of Texas is all over funding for this racetrack and not the school-funding crisis,” said Ewa Siwak, 44, who teaches German in the Austin Independent School District and whose job at Bowie High School is being cut. “Tax dollars for education should be a higher priority.”

No Traction

Formula One races have failed to gain traction previously in the U.S. Since the 1970s, the series has been hosted by Long Beach, California, as well as Las Vegas, Detroit, Dallas, Phoenix and, most recently, Indianapolis. The races there ended in 2007 on declining attendance.

With 20 million Texans within 250 miles of Austin and a growing Formula One fan base in Mexico, the city’s annual race will be successful, Steve Sexton, president of track developer Circuit of the Americas LLC, said in a telephone interview.

By building the Circuit of the Americas track, backers aim to attract automakers such as Fiat SpA (F)’s Ferrari Group, Renault SA (RNO) and Daimler AG (DAI)’s Mercedes that compete in Catalonia, Shanghai and Istanbul. Racing-team owners include U.K. billionaire Richard Branson and Indian liquor magnate Vijay Mallya. Races from Montreal to Sao Paulo draw thousands of fans, including those paying $1,200 apiece for a seat in Monaco’s grandstands.

Each race in Austin is projected to generate enough tax revenue to recoup the $25 million from a state Event Trust Fund pool, according to Allen Spelce, a spokesman for Combs, a Republican. He said the plan calls for putting the $25 million into a revolving account for paying annual event-related costs.

$250 Million Subsidy

If the financing works as projected, the decision will use $250 million in state tax revenue for the races over 10 years.

“With places struggling, spending that much money on an essentially one-off event is tough to do,” said Michael Cramer, a former president of baseball’s Texas Rangers and hockey’s Dallas Stars who runs the sports and media program at the University of Texas at Austin. “It’s a very high cost of entry.”

Texas, like other states cutting budgets for schools, nursing homes and basic services, uses economic-development spending to bring in jobs and seed growth. That often involves giving up tax revenue generated by a project to pay part of the cost. New Jersey is providing $200 million of tax-increment financing to help develop the American Dream in the Meadowlands, which will be the biggest mall in the U.S. when it opens.

“I’m not sure of the wisdom of using tax dollars to fund a racetrack,” said Siwak, the Austin teacher. “They’re giving so much tax dollars away I don’t think they could make it up with the racetrack.”

Economic Outlook

Combs’s office estimates a Formula One race in Austin next year will spur $300 million of spending, Spelce said in an e- mailed statement. Construction of the $242 million track, which has begun, is projected to add 1,300 temporary jobs and pump $400 million into the economy. The venue will seat 120,000 fans.

The state isn’t investing in the track development, Spelce said in the e-mail. He said the Legislature authorized the use of the money from the Major Events Trust Fund in 2009.

“The funding generated by the activity offsets the state’s investment,” Spelce said. “It is important that the state continue to generate new economic activity to ensure that Texas continues to grow.”

Formula One racing attracts the wealthy who sponsor teams and draws fans from around the world, said Zak Brown, chief executive officer of Just Marketing Inc., an agency based in Zionsville, Indiana. JMI, as it’s known, focuses on motorsports.

Sport for Wealthy

“It’s a lifestyle of the rich and famous,” Brown said in a telephone interview. “The whole industry has a lot of wealth around it, a lot of politics.”

The cost of holding races has made it too expensive for sponsors without a public subsidy, said Mark Cipolloni, president of AutoRacing1 Inc. in Robbinsville, New Jersey. The company runs a website that covers motorsports.

“It isn’t cost-effective for an independent race,” Cipolloni said. “Most races in major cities wouldn’t be held without public support.”

The state’s $25 million is being paid to London-based Formula One Management Ltd. to hold the race in Austin, Sexton said. Formula One, owned by London-based CVC Capital Partners Ltd., a private-equity firm, is run by Bernie Ecclestone, the chief executive officer of the series.

“It’s going to Mr. Ecclestone and Formula One to get them to bring the event here,” Sexton said.

Outside Intended Use

Paying such a fee goes beyond the intended use of the state fund, which was set up to support bringing annual events to Texas by rebating increased taxes they generate to cover costs including security and traffic control, said Richard Viktorin, an accountant with Audits in the Public Interest. The Austin- based group opposes government support for the races.

In the past, the event fund has been used to subsidize professional football’s Super Bowl championship game, college basketball’s Final Four tournament and business meetings such as a Chick-fil-A Inc. convention.

“It’s off-balance-sheet financing for a rich man’s sport,” Viktorin said. Combs is “supposed to be a fiscal officer for the state. She’s not controlling that fund.”

Formula One participants and sponsors have wanted to return to the U.S. since 2007, when the last race was run in Indianapolis, Ecclestone said in a telephone interview. Indianapolis began hosting the event in 2000. Interest waned after defective tires led most entrants to withdraw in 2005.

U.S. Venue

“No one wanted to hold it,” Ecclestone said, until the Austin promoters stepped in. “Carmakers and team sponsors are also keen to have a race in the U.S. to help leverage their backing of teams.”

Formula One’s popularity has declined in the U.S., partly because there haven’t been any races in the country in recent years and partly from a lack of successful American drivers since Eddie Cheever and Mario Andretti, JMI’s Brown said.

“It’s moved around,” said Brown, who praised the Austin track’s design. “There was a 10-year period where there was no Grand Prix,” or Formula One race, in the U.S, he said.

The Austin event is expected to benefit from its proximity to Mexico and South America, where the series has grown in popularity, said Ecclestone. Austin’s city government also may invest $4 million a year in tax revenue to facilitate the event, the Austin-American Statesman reported. The city hasn’t been asked to provide any incentives, said Matt Curtis, a spokesman for Mayor Lee Leffingwell.

Tourism ‘Booster’

“It’s going to be a major booster in our convention and tourism industry,” Curtis said. The “return is very significant.”

Formula One races won’t be the track’s only use. Developers have booked international championship motorcycle races, called MotoGP, starting in 2013, Sexton said. He said they’re also trying to bring in concerts, conferences and other events.

Austin and the state are unlikely to recover their investment directly, Cipolloni said. However, the race will expose the city to a wide audience of tourists and executives that could help recruit companies and create jobs, he said.

“They won’t collect tax money equal to the $25 million” from the state, Cipolloni said. “It’s just a way to get exposure for the city.”

Sexton, a former president of Churchill Downs Inc. (CHDN)’s horse track in Louisville, Kentucky, which hosts the Kentucky Derby, agreed that events at the Austin circuit will do more than just generate new tax revenue.

“It will bring in an affluent audience that has never been to the city,” Sexton said. “It should have a substantial economic impact.”

To contact the reporters on this story: Darrell Preston in Dallas at dpreston@bloomberg.net; Aaron Kuriloff in New York at akuriloff@bloomberg.net.

To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net

Thanks Lisa

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