As Ludwig Von Mises said:
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
The sooner a problem is dealt with the better; however, merely postponing a problem is not dealing with the problem.
Maude's Tavern 
That statement is absolutely true. What the government is doing is down right wrong.
So, fnunez, what would a better alternative be?
Doing nothing and letting credit market evaporate somewhat?