U.S. Rep. Michael Burgess (R- Texas) came under fire from local conservatives who believe Monday’s plummeting stocks to be the fault of recently passed budget legislation, reports the Miami Herald.

The Dow Jones industrial average closed down more than 600 points yesterday. Just a few hours later Burgess told more than 100 people at a NE Tarrant Tea Party meeting that he didn’t like the deal, but it was the right thing to do.

Burgess was one of seven Texans to vote for the landmark deal that raised the debt ceiling by $2 trillion, while cutting more than $2 trillion in public spending.

"I came to the conclusion that my country was more important than me, and if this meant I wasn't successful in running for re-election, I could not veer into that unknown territory of going past Aug. 2 without a resolution," Burgess said.

Some tea party activists called the deal “a joke” and thought Burgess acquiesced too quickly. One activist spoke up and accused Burgess of weak resolve.

“You caved,” he said.

But when one attendee suggested that the House push for impeachment proceedings to be brought against the President, Burgess was receptive.

"It needs to happen, and I agree with you it would tie things up," Burgess said. "No question about that."

Later, Burgess elaborated on the remark saying he wasn’t sure whether grounds to bring the articles of impeachment against President Obama were there, but he didn’t rule out pursuing such a course.