Agreed re: Steiner. Most races, those bottom teams are already consigned to finishing at the bottom, barring a lot of retirements. (And there are way fewer retirements than there were when I first started watching in the 90s, ftr.) And aren't some (all?) of those bottom teams helped out by providing a lot of driver development programming for bigger teams?
US fans are understandably pissed by the decision, but if F1 doesn't think you're bringing in the money they believe they deserve, they're not letting you in, period, no matter what your name is.