By 1990 Common LISP had a lot of momentum but LISPers on the ground were about as excited in Common LISP as programmers were interested in programming in Ada. The "cool kids" back then were inventing their own LISP dialects such as Emacs LISP, Scheme, etc. LISP had lost the 1980s to Microsoft BASIC and it would have been easily to conclude that "bloat" was to blame, and with the 32-bit age just starting to open, Common LISP was well planned but lacking a constituency.
It's almost impossible for 1980's language to look bloated in 2020 and now the "cool kids" who want to use LISP for the use value gravitate to Common LISP and secondarily the Schemes, Clojures, etc.
In 2020 if you were interested in programming languages for their own sake I would point you towards FORTH (e.g. not at all bloated) or towards something post-LISP. Say a language with LISP's internal data structures but with a PEG parser deeply integrated with the runtime. (e.g. write a parser for a random query language in less than two hours, write code that manipulates the parse trees, get the 'unparser' for free)
Sometimes I think the faculty at MIT had a grudge against Noam Chomsky for inventing modern computer languages (transformational grammar is great for that, acceptable for 'stand up in front of a bunch of language-using animals and give a talk about how their language works that the animals might get something out of', and not useful at all for artificial understanding of natural language) and opposing the Vietnam War, DARPA, JASONs, thus most of the research funding at the CS department.