(See the article in the NY Times here.)
Image from NY Mag
And that they did.
In the meantime, they single-handedly boosted J.Crew's share values, and showed the country that you can achieve a beautifully classic look at a (fairly) reasonable price. (Ok, obviously their outfits weren't cheap, but you could easily get a similar look by shopping the sales.)
Well done to the designers at J.Crew (click to see the sketches), and well done to a fabulous First Family with scads of taste.