There's no such thing as "new capitalism." but there is a new paradigm between business and government now that Obama and Congress have decided to substitute their political judgement for the rational equilibrium that a free market uses to pick winners and losers in the economy.
The only "stimulus" that Washington is doing is (1) accelerating projects that may be prioritized for completion anyway at a time when state and local governemnts can afford them (impact on employment = temporary acceleration), (2) creating a lot of government jobs to administer stimulus spending (impact on employment = more strain on future government budgets since the Feds never have a lay off), and (3) sucking capital out of the private financial market to invest in "rescuing" companies and industries that Congress chooses (effect on employment = preserves inefficiently run companies, retards the market from investing in small businesses and companies that want to expand). Net effect = government does not create jobs.