Investment Shift Only Helps America’s Rich

“Shift to Foreign Stocks Sapping the Dollar” (Dec. 20) demonstrates the perversity of the administration’s economic policy.

Yes, the Bush tax cuts are effective in creating jobs, but the jobs are not in the United States. America’s rich are getting richer through a U.S. government-encouraged foreign investment boom. When this happens in a country like Russia, it is called capital flight.

Vid Beldavs

Bloomington, Ind.