U.S. is Buying 2,500 Fighter Jets, Greece May Be Insolvent and Other

Economic and Political News That Need Commenting On

The Wall Street Journal reported on Thursday that the Pentagon’s F-35 Jet Fighter will cost $1 trillion to operate over the next 50 years or so.  That’s operating cost.  That does not include the cost of buy 2,500 of the planes.  2,500 Planes?  Who exactly are we planning to fight?

Microsoft’s CEO spoke recently and hinted that the company might soon start producing an operating system for tablet computers.  Really.   They plan to work on it as soon as they get all the bugs worked into the latest version of Windows.  Someone needs to tell Microsoft that it is no longer 2010, and that the calendar doesn’t stop for them to develop software anymore.

A former Chief Economist of the ECB has stated that Greece is insolvent.  This does not come as news to anyone except those who are in control of the European community’s plans for bailing out the Greek economy.  When asked, they said they thought he said “grease is insolvent” referring to the fact that you cannot clean up a grease spill with just water.

Mitt Romney is getting ready to announce his candidacy in his home state of Michigan, Utah, Massachusetts, no wait a minute, New Hampshire.

Interest rates on newly issued 5 year Treasury notes were the lowest since last November and bids totaled more than 3 times the amount that was auctioned.  The bond vigilantes, those folks who say the U.S. deficit and weak economic recovery  is causing a crisis of confidence in the bond market said this just goes to show that us bond vigilantes know more than the professionals in the bond market.

On Politico is this line after a headline about a possible Presidential run by Michelle Bachmann.  "Remember when knowledge, skill, gravitas and political acumen were needed to run for president?"  Some things needs no comment.