No Other Choice
I can't think of a better way. This isn't like firing a coach after one bad season. This is the top leader who's been losing every season of this decade, and I think the president will insist on significant changes for the GM board, too -- also a good idea. The board members are the responsible sentries whose eyes have been shuttered and who should have taken this action (and more) at least two years ago. They have left Obama with no other choice.
Look, it's our tax dollars, not GM sales, that has kept GM alive. Some form of bankruptcy may still be in the cards because it will take enormous energy and time and imagination to revive what was once a winning culture.
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