Nope. You have a more than shaky grasp of politics and I suggest you should only use words you understand. He said he would have liked to lend the money, not donate it which would have been philanthropy or patronage. A socialist would advocate putting it into a collective pot and those with the greatest need have it distributed to them. What he suggests is benign paternalism.
If it's any consolation, I don't agree with his stance either.