Over the weekend two small conservative grass roots organizations launched an online campaign called “Time to Fire Timothy Geithner” seeking the resignation of President Obama’s Treasury Secretary. Secretary Geithner is the last remaining member of the president’s original economic team.  All other economic advisers have resigned in the wake of a faltering economy and high unemployment.

“Geithner has to go, he has failed our country and our economy,” said Amy Kremer, Chairman of American Grassroots Coalition.

The secretary had recently told advisers he would leave the administration following passage of a debt ceiling agreement.  That agreement was finalized last week.

However since Standard & Poors’ move to downgrade U.S. credit worthiness on Friday, President Obama has convinced Geithner to stay in the post. He says he will remain through the 2012 presidential election.

“After insisting that America’s credit rating would not be lowered it was lowered, and Timothy Geithner shares the blame for this terrible development,” said Ryan Gill, Vice President of The Campaign to Defeat Barack Obama.

Since launching the website on Friday more than 11,000 people have signed the petition.