Please confirm if "bunting" in the following context, taken from "The Bitter Drink" (biography of Veblen) in "The Big Money" by Dos Passos, means "flag" or "banner". Otherwise please tell me what's meant by that:
These were the years of Debs's speeches, growing labor unions, the I.W. W. talk about industrial democracy: these years Veblen still held to the hope that the workingclass would take over the machine of production before monopoly had pushed the western nations down into the dark again.
War cut across all that: under the cover of the bunting of Woodrow Wilson's phrases the monopolies cracked down. American democracy was crushed.