Jim Wilkins wrote:

"jim" wrote
... There is a good argument to be made that the economy has
been in a depression since 1999. The only thing keeping it
afloat is a massive private sector stimulus ($24 trillion borrowed
in the decade before the crash). And then after the 2008 crash
private borrowing ended.

That one started with the oil price spike in June 99, and by October it was
already Bush's fault.

Not sure what you mean by "that one",
but from WW2 to 1999 real GDP growth averaged around 4% per year.
From 1999-2008 it has averaged about 2% even though during that period
the private sector borrowed on average 25% of GDP every year.

In the last 3 years net private sector borrowing has been less than
zero and real GDP growth has averaged about zero for those 3 years