About 100 years ago, American capitalists drunk-drove the US economy into a ditch and the government had to jump-start it by allocating capital itself. The jobs were in national parks, schools, housing, and rural electrification. If you've ever been to a national park, chances are decent you walked by/over a plaque or stamp commemorating it.

It's reasonable to want most capital allocation to happen privately, thereby ensuring these decisions are made by people with a track record of success and skin-in-the-game. That's capitalism, it's good, and I'm a capitalist too. But the propaganda that the government is so inherently bad at this game that one should fight it even in an emergency is reductive, defeatist, and ahistorical.