I agree with you, but you forgot/left out:

The “Job bank,” which has workers punching in, going into a room to do whatever (nothing that benefits GM), and then punching out and going home, having contributed NOTHING to the company.

-and-

Laid off workers receiving 95% (of their net take-home, and tax breaks) after all benefits are factored in.

Now that has to weigh heavily on the company’s financial well being.

Money for nothing as somebody once sang…