Some of the infrastructure has lead to extra economic benefit beyond just the infrastructure stimulus. But other infrastructure might not - and i would call them economic waste (but not political waste).
Have a look at the train projects described here: https://www.youtube.com/watch?v=ITvXlax4ZXk
The building of those rail networks is meant to achieve a political purpose, rather than an actual productivity increase. Perhaps their leadership thought it was worth the spend, but this sort of spending would unlikely work in the US imho.