Neoliberalism has to be the most abused phrase in American politics lol.
It is an accurate description of the current political state of the country and the world in general. No matter how much liberals cry about it, since it perfectly describes what they've degenerated into, we will continue to use it because it's extremely relevant.
What exactly do you think neoliberalism means?
It expands from corporatism and the status quo of privatization on every facet of society which the US certainly meets to humongous wealth inequality, the deterioration of labor rights, corruption, war and globalization. Obama meets every single one of them. From him not prosecuting a single banker even when they were laundering money for terrorists and drug dealers, to ACA, TPP and his wars in Libya/Syria. Of course since liberals have become as gullible as conservatives I'm sure you have an explanation for every single one of those. He continued on the same path of capitalism for the poor socialism for the rich by bailing out the bankers and the auto industry while screwing everyone else including people with mortgages and auto workers, he continued on the same path of unending war to satisfy the military industrial complex.
Corporate profits rose from $671 billion at the end of 2008 to $1.636 trillion in 2016, and the wealth of the richest 400 Americans increased from $1.57 trillion to $2.4 trillion, meanwhile the middle class is dying. The overwhelming majority of the "millions of jobs he created" liberals are boasting about are part time or temp.
But seriously, the most important fact is this: I don't need to explain the term neoliberlism to liberals every fucking time I use the word, it's the economic far-right, no further explanation is needed. You don't see me asking what liberal means every time you people identify as one. This is part of the obnoxious dismissive behavior people hate about modern liberals which is part of the reason Trump was elected.