Neoliberalism is a far right ideology brought to mainstream politics by Ronald Reagan and Margret Thatcher. Later embraced by the most right wing of the american pseudo left like Clinton who abandoned their traditional union and grassroot support for the big banks and extra large corporate funding. This led to the embracement of neo conservativism by Newt Gingrich and the right in general to differentiate themselves from the new political shift from the pseudo left wings encroachment on their bread basket, the corporations. Enter the US downward spiral to our current political landscape as the neolibral wing marches ever right and the conservative wing courts the endless bag of batshit crazy.

https://en.m.wikipedia.org/wiki/Neoliberalism

Just because the word has the root liber in it does not make it left on a political spectrum.