I did it in a league game a couple of seasons back. With a positive results.
The way I did it was close to what shadowhawk describes. But it needs to be a unaware US player that makes some small but crucial mistakes. otherwise it falls short. So if US starts acting the correct way in turn 1 and 2, the axis player must change plans away from the US, otherwise it ends up as taamvan describes. But even then it might be to late for the axis as to many ressources are spent for the german. And this is even more true if you play balance mod. 2.0 with a stronger russia.
best regards
Mrcunego