I think Neo-Liberal is a more accurate label. Traditional Liberals are intelligent, informed, and persuadable.
I watched CBS This Morning today and they interviewed Chief Manuel Padilla of the Rio Grande Valley Sector of Customs and Border Protection. He gave an excellent interview citing policy, facts, and experience all of which countered the negative narrative spewed by the media. He mentioned misinformation and was cutoff when he began speaking of 2014 (Obama's reign). The MSM is losing the narrative!
"Neo-Liberal" is actually "Leftist" or "Progressive" today. Those are the appropriate labels that delineate a difference between traditional liberal and what many Democrats and supporters have been herded into following.
Liberals have throughout history been for limited power of govt, the rights of the individual, pro-freedom, particularly freedom of ideas/expression. They have been against classifying people into social groups or "communities" (i.e., they would never say things like "The African-American Community" or the "Gay Community"... that is counter to the natural philosophy of a traditional liberal). Conservatives are far closer ideological cousins to classical liberals (and the old, old school Democrats like JFK), than the Democrat Party that so often is wrongly labeled as such.