I think he is somewhat libertarian actually, he is pro-personal responsibility, and getting a job, that kind of thing, while he doesn't want the government sticking its nose in peoples personal life. At least thats what I've gathered, having heard him ramble of the the last 10 years or so :)
Recently, when the two were together on some talk show, I heard Charles describe how he and Michael Jordon differ on their philosophy of helping others. The gist of it was: Charles sees a beggar on the street and hands him a thousand dollars. MJ sees the same man on the street and tells him to get up and go to work to earn the thousand dollars. MJ didn't deny it.
I've read on FR that MJ is a Democrat, and that Charles was a Republican until a few days ago. However, it seems that MJ is an elephant at heart and CB is a donkey.