Neoliberalism is a spinoff ideology of liberalism, and to be fair your definition of "liberalism" is a warped version of what liberalism originally referred to. In short;
Liberalism was an ideology centered on liberty and consent of the governed, generally used as the rallying cry in 19th century revolutions replacing the monarchys.
Modern US liberalism is a form of social liberalism that is generally in favor of what you mentioned.
Neoliberalism is generally an ideology promoting free market capitalism. Reagan is one of the great heroes of Neoliberalism.
I appreciate the explanation, at the same time I can't help but feel that many people on the right refer to democrats as neoliberals as a pejorative. Is that just a misuse of the term, or is there more to it
The neoliberal ideology infects both parties, modern day democrats agree with much of Reaganomics. I'd be surprised if the right used it as a pejorative, though they may be misusing the term to apply to "new" liberalism, the social liberalism mentioned.
A quick search of "neoliberal left" brings up things like the Jacobin and Noam Chomsky criticizing the left, not something like Breirtbart.
Liberalism was an ideology centered on liberty and consent of the governed, generally used as the rallying cry in 19th century revolutions replacing the monarchys.
Modern US liberalism is a form of social liberalism that is generally in favor of what you mentioned.
Neoliberalism is generally an ideology promoting free market capitalism. Reagan is one of the great heroes of Neoliberalism.