Nice theory, but not entirely true. EIC started in 1975 under President Ford I believe well before the fall of the Iron Curtain. It has changed alot since then but typically it has been a tool to win low-income and minority votes.
http://www.financeprojectinfo.org/mww/earned.asp
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
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"De omnibus dubitandum"
