The Chinese infrastructure projects were probably already slated. I don't trust a word out of the Chicom leaderships edicts. As far as the New deal goes. It didn't do much other than provide hope.

WWII lifted the economy.


Mr. KRUGMAN: You know, to a large extent, it's more important that it gets spent somehow than where it gets spent. But we clearly have really big needs in infrastructure. I mean, it's just crazy that we're talking about possibly canceling a much-needed tunnel under the Hudson River, at a time when we have mass unemployment. And those construction workers, if not employed building that tunnel, will not be employed doing anything else.
Jobless After 50? You May Be Out Of Luck : NPR

Attaboy, just blow the dough and it will naturally wind and find its way.


I'm told deficit spending during WWII pulled us out of the Depression. And what happened after the war? Federal spending was reduced dramatically.



What kept the economy rolling? Domestic demand? European demand via the Marshall Plan? What is going to pick up the slack after the present Obama stimulus package shoots its wad? Chinese demand? The Chinese xenophobes aren't going to buy from the US. They are busy developing their own domestic demand so they can maintain their insular ways.

On a side note can we safely call the Chinese racists? Racism against the Japanese is institutionalized and promoted. Americans are depicted as lumbering giant brutes once defeated by the slight and nimble Chinese, the hulking giant become an amiable ally taking his position at the side.