Originally Posted by Robbie

Wrong. Pres. Obama forced GM's CEO to step down. And then he appointed a new CEO for GM (which is kinda crazy).

Then he told them that unless they declared bankruptcy he would not give them the bailout.

Come on man. That's not "incentives". That's making decisions by the President for GM to go bankrupt so he wouldn't be wasting Federal money.

This is kinda dumb.
I'm praising Pres. Obama for his decision on that.
But you are so adamant about "proving" that Donald Trump isn't a good businessman that you are still going to argue against a business practice that is used by every business out there.

Let's just call this a "draw" if it makes you feel better.

Me? I know how business works. I'm not phased by the word "bankruptcy" and I don't think it denigrates a person's ability to run a company. Especially if it's done in a way that helps the company either come back from the brink...or if it allows the investors to recoup some of their investment.

Pres. Obama never owned any business. But he's an educated man and easily understood the value of using bankruptcy as a tool for restructuring.