So I collected all of you ladies good advice and made a practice cake followed by the real one. Here is what I got:
The practice cake came out perfect. Air pockets/bubbles gone.

Tried a new fondant recipe and decided that I would NOT pay $10 for an assortment pack of pre-made fondant for my red & blue. My cheap sensibilities just wouldn't let me do it so I slightly altered said new fondant recipe and tada! Pretty near perfect primary colors. I figured I would practice decorating with my bubbleless cake since well I'm really new to cake decorating with fondant or decorating in general for that matter. ............... The I broke my hand mixer mid "creaming" of the buttercream

Ran out and bought a cheap one to finish up. The decorating went better than I expected and I only ended up with a couple of alterations that I would need to make for "real" one.
On to the real deal. Well that one came out with some air. Not alot of air. So if my cakes were people my old cakes would have been politicians and this one would be a 5 year old trying to convince you to let them have a puppy so I shrugged it off since the cake was one of the most perfectly level things I have ever made. Went on to make some more butter cream and......... mixer number two went to cheap baking supply heaven but my spirits were lifted when my fondant rolled out better then the first. Which was soon followed by my first slide down the middle of said perfect fondant for a quilt impression. RIP

OppppPPsss.... After some yelling and talking myself out of making a fruit salad for the Fourth of July party, I came up with something that I figured I wouldn't hate. Below is what I got. Looks alot like what I wanted in that well its round, there some blue, there's some red, and there are some diamond shapes. Ok ok it looks nothing like my original idea but they will eat it and love it

So two hand mixers, 3 food color dyed dish towels and a bout with insanity later ....

