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Labour party councillor Dermot Lacey is planning to submit a proposal to Dublin City Council's traffic committee to scrap the new 30km/h speed limit on the quays, and to introduce a 40km/h speed limit instead.
This is despite his voting in favour of introducing the limits.
The initiative aimed at reducing speed limits was due to come under review in six months' time, but Lacey says it will now most likely be brought forward.
The first week of the new system drew large amounts of public criticism, with evidence the general public is largely ignoring the new speed limits.
Politicians last week came out against the new limits, despite most political parties originally supporting their introduction.
Minutes from a council meeting last October show that Labour party members such as Dermot Lacey voted in favour of the proposal, with only three, Fine Gael's Gerry Breen, Fine Gael's Bill Tormey and Independent Niall Ring voting against.
But Lacey has now attacked the limit.
"I did support it when it was originally agreed last October. I'm in favour of trying things out and giving them a go. But I am also a realist. If there are problems there, which there are in terms of the limit, they need to be resolved. I tried driving down the quays along the Liffey and it was nigh on impossible.
"It is too slow. The scheme is not working along the quays, and I plan on pushing for a proposal to up the limit to 40km/h, and to scrap the whole thing along the quays."
Lacey said fellow party member Andrew Montague, who thought up the idea, is getting "an unfair amount of criticism."
Montague said he had received "a lot of e-mails, from people both for and against the limit."
An online campaign was set up last week directing angry motorists to e-mail Montague in order to vent their anger.
"I am waiting to see how it goes. It was only the first week, these things take time to get used to, and people need to give it a chance," Montague said.
Mike McKillen, chairman of cyclist.ie, the Irish umbrella group for all cycling bodies, has backed the new speed limit and says motorists need to "cop on and realise that they do not own the road".
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This is disgraceful by a city counsellor bowing to motorists pressure after just a week of the reduced limits. Of course 30kph is slower - what did Mr Lacey expect? Had he not ever driven at that speed before?
As a motorist, I struggle to keep down to that speed - but only because of intimidation and peer pressure from all the other traffic travelling faster.
When everyone is travelling at the lower speed, then nobody will notice how slow it is, and it will become the norm - just like no smoking in pubs or bringing your bag to the supermarket, or the bus gate - all were difficult at first and a big change, but people get used to them - but it takes more than a week!!
The slower speed will have countless advantages - making the city more pedestrian and cyclist friendly, and reducing the rat race of cars between traffic lights, where amber means 'floor the accelerator', and even improving the fuel usage of cars at slower speeds.
This city and this country has enough problems, and after having failed to grasp the opportunities we were presented by the Celtic tiger to improve the quality of life and amenity in the city centre, lets now take the chance and at least have one good thing to show for the recession - "at least we made the city centre more enjoyable, and somewhere to be proud of" - albeit aided by the reduced traffic resulting from the unfortunate job losses.
Lets stick to our guns and use this change as a stepping stone to many more improvements.