sorry, the money have been spoken for to equip Mrs. BO. ------------------------------------------- BY Amy Diluna DAILY NEWS FASHION EDITOR Friday, May 1st 2009, 3:22 PM Morigi/Getty What do you think of Michelle Obama's $540 sneakers? They're in poor taste. That's way too much to spend on sneakers, especially in a recession. The First Lady should look good, and she can afford it. If the sneakers make her happy, there's nothing wrong with it. Michelle Obama has taken casual to a haute new level. While volunteering Wednesday at a D.C. food bank, the First Lady sported her usual J.Crew cardigan, a pair of utilitarian capri pants and, on her feet, a sneaky splurge: trainers that go for $540. That's right: These sneakers - suede, with grosgrain ribbon laces and metallic pink toe caps - are made by French design house Lanvin, one of fashion's hottest labels. They come in denim and satin versions, and have been a brisk seller all spring. They're out of stock at posh Meatpacking District boutique Jeffrey, and Barneys New York boasts a limited selection of the sneaks, which are a cult favorite among fashionistas. It's likely Michelle got hers through Ikram, the Chicago retailer that often outfits her. "They're shoes," the First Lady's reps sniffed when curious reporters inquired about the fancy footwear. Michelle has stepped out in Lanvin before while getting down to business. A week ago, she shoveled dirt at a tree planting while wearing the line's chiffon tank. Dresses and strappy pumps cost upward of $1,500, while tops go for $400 to $1,000. pic #1 Michelle Obama and Jill Biden (center) at a Feeding America event. The First Lady could feed quite a few people with what she paid for thesneakers she's wearing. Pic #2 The kicks, made by high-end French fashion label Lanvin, cost $540.