REALITY CHECK...What you're saying sounds great in theory - but clearly this has never happened to you.  

But let's go with your "solution" and truly see where it leads....

I am to borrow money during a down turn (which I have no idea when thing will get better).  Let's assume a bank will lend me money when my business is not going well (big big assumption).  

Now, I'm not sure what bank you deal with, but for me if my business is in the dumps the bank will always want a personal guarantee.  Which means I am now putting my personal assets on the line - like my house (which is co owned by wife).  

However, now the government is saying my wife and family should bear this risk, but can't receive dividends.  

Is this your big idea?  Its academic theories like yours that frustrate real businessmen who've struggled through real down turns and lost many hours of sleep just to make pay roll.  Under the new rules, why should I bother to keep people employed next time?  THIS IS BAD POLICY.