While Reagan (rightly) gets a lot of blame for neoliberalism's rise, people often gloss over the fact that Bill Clinton handed the economic reins of the country over to literal Randian Objectivist Alan Greenspan. While he believed in making compromises, Greenspan always held those views and they had major influence on his policy.
This is extremely important in understanding resentment of the Clinton family and democrats as a whole as elitists.