Sarah Palin's RNC Outfit: $7,000 Down, $143,000 to Go!
by Vanity Fair

How does one woman burn through a $150,000 wardrobe budget in just over a month?
Spending at least $7,000 on one outfit is a good start.

Last month, it was reported that the Valentino jacket Sarah Palin wore for her speech at the Republican National Convention cost $2,500. Our source says it cost twice that, and identified the skirt as another Valentino, with a price tag of $1,490. At least Palin saved on her $79 Franco Sartos.

And what would Joe the Plumber make of all these foreign brands? The last Obama T-shirt we saw was made by American Apparel, and Michelle and the girls looked smashing at the D.N.C. in their dresses by Chicago’s own Maria Pinto.

Still, even if you assume that the pearls are real, bringing the grand cost to more than $20,000, Palin’s still got a long way to go to catch up with Cindy McCain!