What type of political-economic system is this?

[George S]

That looks like progressive policies but pretty harsh ones. The US has a mostly progressive government from the Democratic Party with conservative influence from the Republican Party.

A significant number of liberals found shelter in the Republican Party where they hold their noses next to the conservatives. The Democratic Party was stolen from them a century ago by mostly progressives and some socialists. The more radical liberals are in the Libertarian Party.

You might find some of this confusing because progressives not only stole the liberals' Democratic Party, they have more recently stolen their label. I guess the progressives like the name "liberal" better than their own so they just use it.

Those policies are generally economic ones. The US is politically a constitutional democratic republic.

True liberalism advocates: individual freedom, weak government, and free markets. Conservatism advocates: moral responsibility, strong government, and protected markets. Progressives advocate: social concern, omniscient government, and controlled markets. Socialism advocates: social responsibility, omnipresent government, and collective markets.