Neoliberalism is an economic theory embraced by both parties (and globally really), and have been since the oil crisis during Carter. It can be confused with liberalism the political theory, but it's different. Each US political party has a slightly different flavor, but economically it's the same. It's good from a macroeconomic perspective and a strategic perspective, but eliminating trade barriers allows US companies to outsource labor to poorer countries at the expense of US workers for lower prices (in a nutshell). Think Apple in China, Tata, US manufacturing in Mexico, etc.
I assume neoliberal conservatives are the conservatives who embrace neoliberalism, but both parties have embraced it for generations. We seem to be rolling it back somewhat since the main strategic benefit (containing the Soviet Union) is no longer as relevant (until recently I suppose).
Even when Carter is identified during the correct time frame, it's always best to remember that the oil crisis and runway inflation that followed were the complete doing of Nixon and OPEC beforehand.
Actually in current hindsight it could most realistically be said, pointing to the most prominent national leadership involved, that such distorted economic policy arose "during" Al Saudi.
https://en.wikipedia.org/wiki/Neoliberalism#United_States
I assume neoliberal conservatives are the conservatives who embrace neoliberalism, but both parties have embraced it for generations. We seem to be rolling it back somewhat since the main strategic benefit (containing the Soviet Union) is no longer as relevant (until recently I suppose).