One more response to Alex's usual sarcastic "oh yeah, as if white's can be trusted to do it better". The answer is yes. Want proof? Look at Adolf Hitler's highly successful and productive public works compared to Rosenfelt's worthless ones.
The Austrian school's conclusion that the New Deal didn't get America out of the depression is true, rearmament did (...which is also "deficit spending"). That doesn't disprove the theory that public spending stimulates private consumption though.
If you don't think whites are going to do it better, then why don't you anarchists move to Somalia? No taxes or government intervention there.