You can even include the last seven years of Lloyd Carr and they're still shitty.
We're not that far away from having rosters made up entirely of kids born in the 21st century. In this century, Michigan is 138-77 with two conference championships, no national championships, no Big Ten championship game appearances, no national championship game appearances, and no playoff appearances. Their last conference championship was 2004, which they shared. They've won 10 or more games six times in 17 seasons. They're 4-10 in bowl games. Their highest AP poll finish was 6th in 2003 and they've finished out of the top 25 seven times. They're 2-15 against Ohio State and 8-9 against Michigan State. They are 7-5 against Notre Dame.
In that same time frame, Sparty is 133-84. Notre Dame is 130-83.
Ohio State is 185-37. Michigan only has 65 more wins since 2001 than Urban Meyer's Ohio State.