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To: Frank Pembleton who wrote (93402)	8/10/2001 8:48:48 AM
From: Frank Pembleton	Respond to of 95453

Car Talk By Don Luskin Yesterday John M. Devine, the chief financial officer of General Motors, saved the stock market. At least for the moment. Speaking at an auto industry conference in Traverse City, Michigan, Devine told the truth that the markets have been waiting for someone like him to say: that the super-strong US dollar is hurting United States manufacturers, and that GM has asked the Bush administration to rethink its currency policy. It's one thing when an iconoclastic Reaganaut like Jude Wanniski says it. It's one thing when technofuturist George Gilder says it. And it's one thing when market pundits such as I say it. And we've all been saying it. But now General Motors is saying it. And that makes all the difference. Because now, as always, what's good for General Motors is good for America. Devine has it exactly right when he says, "The strong dollar is frankly destroying the manufacturing capability and the manufacturing competitiveness of this country." community.metamarkets.com