Thank you for your responses. It seems my original post was lacking and confusing, which has risen to some replies that do not address the specific matter at hand.
I DO have work experience. The point of those 2 years that created a 2.8 cumulative was that I took a company accumulating approximately 100,000 in losses per month (millions by the time I took control) and restaffed it (from a clean state) and managed it, while de-investing and re-investing in different fields - leading to a profitable company. I cut major losses and developed some profits.
My position in the company was as an "Acting Managing Director" and now as the full-out "Managing Director", despite now managing it overseas through a hand-picked GM.
Additionally, I don't know how this is seen (which is why it is even more confusing), but I am set to take the CEO position in a real-estate company valued at $200 million within the next 5 years (this is why I want my MBA now).
So, I have experience (2 years, restructered a failing company to profit) and almost guaranteed opportunities for sucess (in line for taking the CEO position of a private real estate firm).
The issue with the public policy and political science stuff is that I am also interested in pursuing work in the government to restructure the poor public education of my country. My grandfather was a major minister and therefore despite the bureaucracy I have the ability to work to fix things from the inside (honestly, this is my goal here - totally not for personal profit).
After I was able to settle things with the company that I had to run for the last two years, I have done as much research as I could (I am in the process), and have come to the conclusion that my GPA is thoroughly dissatisfactory, even at the expected 3.5 in the fall of 2010. So, I thought that I might pursue an accelerated program in the meantime to strengthen my economics, statistics, and quantitative abilities, further strengthening my application for the desired MPP and MBA programs.
As I said, the issues I am worried about are:
1. The grades factor (despite the work experience and responsibilities, I am still right out of school)
2. To increase my chances - I have considered applying twice, once during the first year of my accelerated program (this would make me have to leave the program, but they wouldnt even know I was in it), and once more one year before my graduated from the accelerated Master's, this would be my last opportunity. Is it a good idea to reapply, or to limit applications to 2011 and therefore only have one chance?
3. Does the dual-degree applicant factor impact the admissions decisions at the individual schools? That is, would HKS evaluate me as an applicant to their school or as an applicant to their school and HBS, and the same for HBS? Would it influence individual decisions? I am specifically concerned here because with Harvard, I would be quite satisfied to attend either program, the dual program being just the ultimate path. However, if it would hurt my chances then I would apply to them individually.
I thank you all sincerely for your help, and hope that in my further readings (I have 6 MBA books in front of me!) I will come across information that could also benefit the community here.
And again, sorry for the long post and extremely unique position. You should also note that the reason I have no interest in any of the schools not listed here is because they would not be worth the lapse in my career time to me (due to cultural perceptions of the schools). Further, I cannot pursue the degrees in any future time in my careers as it would also not be beneficial to me anymore (I have approximately 5 years of training time that I can use, but after that time the marginal benefit falls dramatically).
Thanks again.