Michelle's purse ONLY costs $875.00 ?

Italian luxury goods manufacturer VBH boasted yesterday that First Lady Michelle Obama had toted their $5,950 alligator manila clutch earlier this week while on a trip to Russia.

No way, said the White House, which countered that the First Lady was carrying an $875 VBH patent leather clutch.

After sticking to their initial claim, the high-end leather manufacturer is now backing off. "If that's what the White House is saying...

Bag manufacturer backs off original claim...

$875.00! As a friend of mine said today: "Isn't that a mortgage payment for most people about to go in to foreclosure?"

UPDATE: Here is the full Letter to the Editor just provided by the author:

Editor:

• Did I miss a meeting?
  
  
• In the midst of the Great Recession the White House is defending Michelle Obama by saying her purse only cost $875?
  
  
• In most of America, $875 is the amount of a mortgage payment on a soon to be foreclosed home.

Bobbi Leigh Zito