Not the original Doctrine, no. Though it should be noted we didn't have the power to enforce it when issued, and in practice depended on the Royal Navy to do so.
However, in 1904 TR issued an expanded version, called the Roosevelt Corollary, in which he stated that since USA prohibited European powers from enforcing their legitimate claims against American states, USA would enforce those claims for the Europeans. And of course we'd enforce our own claims, too.
In practice this did indeed work out to mean "a blank check to invade our independent neighbors."
See Mexico, Dominican Republic, Haiti, Cuba, Nicaragua, etc. All in the first 30 years of the last century.
Oh. So “Might Makes Right”.
We should apologize to Germany and Japan.