In a political cartoon, labeled bolts of cloth often represent various aspects of a country's policy or stance. In this case, without the specific cartoon in front of me, it is common for such representations to symbolize elements related to domestic economic policy or involvement in other countries.
If the cartoon is focused on trade or economic issues, it likely represents American domestic economic policy. However, if the context of the cartoon suggests a focus on foreign relations or intervention, it may represent American involvement in other countries.
Please clarify or provide more details about the cartoon for a more accurate interpretation.