Fascism was really the basis for the New Deal. It was Mussolini's success in Italy, with his government-directed economy, that led the early New Dealers to say "But Mussolini keeps the trains running on time."
Time (17 May 1976); Reagan adviser Jude Wanniski has indicated that, in 1933, New Dealers as well as much of the world admired Mussolini's success in avoiding the Great Depression