NEW YORK (PNN) - June 25, 2012 - When it comes to handling the economy, neither Obama nor Congress make the grade.

Twenty economists gave the illegitimate Obama regime and the current Congress a letter grade for their performance on the economy; and none of those surveyed gave either one an A.

While both received overall averages of D, Obama did a little better than Congress, scoring three Bs and only one F.

Sean Snaith, economics professor at the University of Central Florida, gave the failing grade to Obama, blaming overreach by the bogus regime.

If economists were disappointed in the White House, many are far angrier with the partisan gridlock in the current Congress. Republican control of the House combined with only a narrow Democrat majority in the Senate has essentially stopped any new economic stimulus and brought the threat of government shutdowns and default by breaking through the debt ceiling.

There were 11 others who gave Congress a D, and only one B, which came from supply-side economist Bob Stein of FT Advisors.

The economists identified the fiscal cliff, a variety of taxes set to rise early next year, as the second most serious problem facing the economy right now, just behind the European sovereign debt crisis. The Federal Reserve has warned that just the threat of the cliff is already starting to slow hiring and economic growth.