It was a bout to behold: President Barack Obama vs. Apple CEO Steve Jobs. On Wednesday, the Twitterati witnessed Obama s State of the Union and Jobs s unveiling of the new iPad, and they wore the letters off their keyboards in response. In between, they took shots at Google s stock price, presaged the next great asset bubble, and smelled a vast antipopulist conspiracy.

Are you ready to rumble?

The Economy/Politics

EPA usually gets a 3-4% budget increase, this year 35% increase, now we put a cap on spending--and they called Clinton slick willie
Joe Donohue, CEO of Desert Shores Capital, on President Obama s deficit reduction plan.
Twitter.com/upsidetrader

Asset Bubble Is Beginning Now
Nouriel Roubini, NYU business professor known for his downbeat economic forecasts.
Twitter.com/Nouriel

Goldman estimates impact of fiscal gridlock on 2011 GDP at -2.5%
Editors of the financial blog, zerohedge.com.
Twitter.com/zerohedge

Business

I'm more excited about Jobs' state of the union tomorrow than I am about Obama's
David Hornik, author of the
VentureBlog, ventureblog.com.
Twitter.com/davidhornik

Will the iPad Kill the Kindle? In a Word, Yes
Om Malik, founder of technology-focused news site, gigaom.com, on the looming battle between Apple s new tablet device and Amazon s Kindle e-book reader.
Twitter.com/om

Barclays Bob Diamond in Davos: "I have seen no evidence ... that shrinking banks is the answer."
Andrew Ross Sorkin, business editor and columnist for the New York Times.
Twitter.com/andrewrsorkin

TV stations "salivating" over predicted $300 million boost in ad sales thanks to campaign finance decision
The Neiman Journalism Lab at Harvard University.
Twitter.com/NiemanLab

Great Amazon CTO quote "to truly innovate sometimes you have be very counter intuitive." Competing against others on own website an example
Barry Judge, Best Buy s chief marketing officer, referring to the fact that Amazon lets other vendors sell on its site.
Twitter.com/BestBuyCMO

Get things under control first, then get focused. If your ship is sinking, you don't care where it's pointed.
David Allen, productivity guru.
Twitter.com/gtdguy

The Markets

will sell some $goog puts if we touch low $530's today...getting overdone near a $520 price
Howard Linzon, co-founder and CEO of real-time trading information
site, www.stocktwits.com, on Google s ascendant stock price.
Twitter.com/howardlindzon