In my opinion there is an important lesson to be learned from the current crisis caused by America Inc.—there is no such thing as compassionate conservatism. Notice: I did NOT say there is no such thing as A compassionate conservative.
The difference being, generally speaking, that conservatives of the Rush Limbaugh, Reagan, Bush, etc. species may, indeed, have their personal, individual compassionate moments and act them out to the benefit of another less fortunate individual.
However, they are not inclined to support compassionate efforts that require a collective financing beyond the abilities of a few individuals—particularly if those efforts go towards aiding others who are judged as lacking in total motivational skills.
In calculating the motivational math for their “boot straps” philosophy, the “compassionate” conservatives frequently do not factor in the lack of education, the bias of race and sex, IQ, the negative environmental influence—nor the stunted mental acuity any or all of these may have on an individual or group.
In their calculating, there is no consideration that some fellow human beings are not as mentally-emotionally swift as the rest of us--- but still have similar dreams and aspirations.
Hence, it is the fault of those who sign up for balloon mortgages they can’t afford, that caused the housing collapse.