He’ll formally announce in a week or two at Katrina’s ground zero.

Are you ready for Great Society II?

Edwards … will come to the campaign with a retooled agenda – unabashedly progressive – that includes what may be the largest package of social services reforms since Lyndon Johnson’s “War on Poverty.”…

That means moving on from the 2004 “Two Americas” stump speech that highlighted what Edwards saw as vast economic inequality. In its place: a bold list of policies and solutions Edwards believes will help build “One America.”

He has ditched moderate health care reforms in favor of a comprehensive universal health care plan to cover every American – a solution to the nation’s health care problems deemed politically taboo in Washington ever since President Clinton’s failed attempt to create such a system early in his first term…

Edwards also wants Washington to give workers more opportunities to unionize…

“One America” isn’t just the name of Edwards’s PAC, it’s the (unofficial) title of Obama’s famous speech to the Democratic convention two years ago. Maybe that dream ticket isn’t so unlikely after all. Young, good-looking, geographically diverse, racially diverse: if not for the fact that I can’t see Billary being outmaneuvered in the primaries, I’d be worried.

He’s essentially betting that the war on terror won’t be hot in ’08. If it is, America won’t have the stomach for vicious battles over domestic policies at home on top of the real ones being fought abroad. If it isn’t, though, and if Iraq completely falls apart, he could reap the defeat dividend. Isolationism will be in vogue; a protectionist, take-care-of-our-own candidate would be attractive. Especially if he’s got the messiah on the ticket with him to bless it.

The margin won’t hold, but he’s up 20 in the latest Iowa poll.