I don't know enough about 1930s American race relations to know whether or not that's an accurate description of the New Deal, but I do know that it's definitely not the most incontrovertible example of a racist FDR policy she could have chosen.
People, especially on the left, don't care much about racism against Asians these days because they're a "privileged" group. Just look at how Harvard is justifying its anti-Asian policies by claiming Asians have "bad personalities" and getting leftist professors to stick up for them.
I would respond more to racism against Asians if
1. Any Asian I ever knew in my life actually raised a complaint on the issue, which they haven't (my high school was 25% Asian for the record)
2. There was something more systemic in the nature of racism against Asians than not being admitted to Ivy League schools (note: working in an academic setting where Asians are disproportionately represented, racism against Chinese people is quite real, but I find it manifesting itself more on a personal level than a systemic level)
3. If it wasn't wielded as a cudgel in bad faith by conservatives who don't care about racism at all. I've heard much more complaining from white people about Harvard admissions than I ever have from Asians, and usually it's with the context that too many Blacks and Hispanics are admitted.