Michelle's Cheap Chic: Do Her Bargain Clothes Look Like A Million Bucks? (PHOTOS, VIDEO)

In digging through our Obama Style archives, we came across a July 2008 video of Maria Menounos interviewing the then-Illinois-Senator and his wife about their sartorial spending habits (see video below). At the time, Michelle had been the talk of the town (and tabloids) for wearing a $148 dress from White House Black Market. And Barack remarked, "I'm baffled by this whole thing myself because I hate to shop."

Now, as First Lady, Michelle has brought her bargain hunting to the White House, sometimes incorporating budget items from J.Crew, The Gap or Target. But which, if any, of her ensembles do actually appear to be low-cost? And in which does Michelle look like a million bucks?

WATCH the July 2008 clip:

And follow HuffPost Style on Twitter and become a fan of HuffPost Style on Facebookwhile you're at it.