That, and other news, in today’s Political Panorama.

Barack Obama’s comments about Ronald Reagan and the Republicans’ “new ideas” continue to linger on the campaign trail, as Hillary Clinton unveils a new South Carolina ad that draws on the (much maligned) comments.

Here’s the script:

VO: “Listen to Barack Obama last week talking about Republicans.

BO: “The Republicans were the party of ideas for a pretty long chunk of time there over the last 10, 15 years.”

VO: “Really? Aren’t those the ideas that got us into the economic mess we’re in today?  Ideas like special tax breaks for Wall Street. Running up a $9 trillion debt. Refusing to raise the minimum wage or deal with the housing crisis.  Are those the ideas Barack Obama’s talking about?”

BO: “The Republicans were the party of ideas.”

VO: Hillary Clinton thinks this election is about replacing disastrous Republican ideas with new ones, like jumpstarting the economy.  Putting an immediate freeze on foreclosures and mortgages. Cutting taxes for the middle class.  and creating millions of new jobs.  With the economy in crisis, we need a president with the ideas, the solutions that get america working for all of us.  Hillary Clinton.  Solutions for America.

In fact, Obama actually prefaced the Republican “party of idea” comment with this sentence: “The Republican approach has played itself out.” He also has twisted Clinton’s words, including those about her vote for a bankruptcy bill, according to Factcheck.org, which did an analysis of all of the debate comments on Monday night.

In terms of what really matters, I would say that this debate over Obama’s comments ranks right up there with George H.W. Bush’s attacks on Michael Dukakis for not supporting the Pledge of Allegiance and being a member of the ACLU. Is there an average voter who even understands what the candidates are talking about?

Edwards Does Dave:
The candidate who comes out unscathed through the Obama-Clinton feud is John Edwards, who appeared on “Late Show with David Letterman” last night to the host’s question, “What was that … melee like last night? You were right there?”

Edwards Event: The New York Observer reports that John Edwards got a bit feisty at a New York fund-raiser tied to his visit to New York for Letterman. The Edwards and Clinton campaigns, however, challenge this version of events.

According to someone who was there, “He did mention that he thought McCain was the likely Republican nominee and that McCain was “crazy”—unfit to have his “finger on the button.”

“He said that Hillary and Obama have true dislike for each other and that after the most recent debate Hillary mentioned to John in passing that there’s more about Obama and that “slum landlord” [Rezko] that has yet to be disclosed to the public.

“Tim Robbins (who was there) raised the possibility of a brokered convention and Edwards mentioned that it was remote but a possibility.”

Sundance Politics: Jeffrey Ressner of The Politico catches Sundance’s political overtones, including  Mike Gravel and Al Gore.

On the Trail: Usher, Kerry Washington and Chris Tucker stump for Obama in South Carolina. And Kareem Abdul-Jabbar challenges Magic Johnson’s pro-Hillary radio ad in South Carolina.

Housewife on the Hill: Marcia Cross appeared on Capitol Hill to drum up support for the for The Breast Cancer Patient Protection Act, reports the Washington Examiner’s Yeas and Nays. Naturally, the subject turned to presidential politics. She said she is still undecided, although she praised Hillary Clinton’s health care plan. She also appeared last week at the Pacific Palisades fund-raiser for Barack Obama. Her “Desperate Housewives” co-star, James Denton, has been campaigning for John Edwards.

“Screw It, I’m In”: The Onion reports, “After spending two months accompanying his wife, Hillary, on the campaign trail, former president Bill Clinton announced Monday that he is joining the 2008 presidential race, saying he “could no longer resist the urge.””