Michelle Obama has been beloved by the fashion community since the early days of the 2008 campaign, as you're probably well aware. But she's now in danger of losing a fan in Tim Gunn. It seems the First Lady made the disastrous decision to wear a pair of crocs a few weeks ago and the Project Runway host isn't having any of it. On the Bonnie Hunt Show yesterday, Gunn started off by saying he was prepared to give Michelle the benefit of the doubt just this once. "I'm trying to look at this positively," he says. "I'm trying to think she was doing a footwear experiment. And she's decided to put them aside."

• It's all over for Dan Rather and his long-running legal campaign against CBS. A state appeals court dismissed the ex-anchor's lawsuit today. [Reuters, NYP]
• At least four parties are still in the bidding for BusinessWeek. But Bloomberg LP remains the most likely acquirer of the struggling magazine. [BW, Reuters]
• An "unbelievably conscientious" Sarah Palin has finishing her memoir in less than four months. You can not buy the book beginning on November 17. [WP]
• Michelle Obama will appear as guest on Sesame Street's season debut. [NYT]
• TLC announced today it's dropping Jon Gosselin from Jon & Kate Plus 8. This news calls out for name change, obvs, so it'll be Kate Plus 8 from now on. [THR]

Did you know that our President and his wife are black? Well, they are, and Italian Prime Minister Silvio Berlusconi finds that endlessly humorous.

Ever wish you could rest your rear end in a seat where the President and First Lady once sat? Now you can! The owners of the Belasco Theatre are auctioning off the seats that the Obamas sat in when they attended a performance of "Joe Turner's Come and Gone" during their "date night" in NYC last spring. [NYP]

September 24 @ 2pm The First Lady lunched at the Gramercy Tavern. We heard she just left looking "really pretty." Apparently word got out about the meal and a crowd formed around the establishment. [Image via Black Book]

• Friends worry Jessica Simpson is "at the lowest point of her life" now that she's lost her beloved dog, Daisy. Others say she's coping "better than her friends may realize." Either way, we she's probably feeling much better now that her friends are sharing her innermost feelings with the tabloids. [People]
• The man suspected of breaking into Lindsay Lohan's house wasn't a complete stranger: The two reportedly hung out on the set of her film Labor Pains last year. The girl's not the best judge of character, as you've probably realized by now. [TMZ]
• The drugs that were prescribed to Anna Nicole Smith amounted to "pharmaceutical suicide," according to newly unsealed court documents that were obtained by the LA Times. Most disturbing: The documents also reveal that both of Anna Nicole's doctors "transgressed professional boundaries by having sexual contact with their famous patient." [LAT]
• Michelle Obama gave Barack the silent treatment at points during his campaign for president because she was pissed about all the women throwing themselves at him, according to a new book. There was even a hot young campaign aide who was mysteriously "relocated" after developing a close relationship with the President. [NYDN, P6]
• Did you catch President Obama's appearance on Letterman last night? [MTV]

Will Jessica Simpson survive her dog's death? Did Anna Wintour survive sitting next to Pixie Geldof? Did Lindsay know her burglar? Did Anna Nicole's doctors know pills would kill her? Get some answers in your Tuesday morning gossip roundup!

[Michelle Obama sports a marigold necklace while shopping at the opening of a farmer's market near the White House today. Image via Getty]

We may have a new hero: Miyuki Hatoyama. While boring first ladies like Michelle and Carla like to remain prim and proper, Miyuki enjoys breaking boundaries, like confessing she was kidnapped by aliens.

Barack Obama has been having a hard time selling his health care reform, especially now that public option's looking more endangered. What's a besieged President to do? Turn to Rodale and their cabal of politically-friendly titles!

We may have a black president, but race-based "good hair, bad hair" politics remain. Duh.

President Obama and Michelle are "heart-broken" over Sen. Kennedy's death.

• Marc Jacobs' wedding to Lorenzo Martone, which the designer says will happen "soon," is going to have a ridiculously exclusive guest list. Not a single friend or family member will be getting an invite, since it's just going to be the two of them. [Cut]
• Project Runway finally returns to the air on Thursday evening. So will the Lifetime iteration be the same show you remember from its run on Bravo? Not so much, it seems. [NYDN]
• Meanwhile, Nina Garcia will be making an appearance this fall on the new CW series, The Beautiful Life. [FWD]
• The website and schedule for Fashion's Night Out is now online. The retail pep rally, which goes down on Sept. 10, will include Anna Wintour and Michael Kors signing t-shirts at a Macy's in Queens, believe it or not.

INF photogs snapped these candid pictures of Michelle Obama and daughter Malia leaving Top Chef Spike's burger joint in DC. Breaking: there are paparazzi in DC!

Anna Wintour has come up with a genius way to save the dying fashion business: Why doesn't everyone just collude on prices? So what if it's illegal? She has "friends in the White House."

This is fun: Spy founder Kurt Andersen boastfully threw a picture up on his Facebook page of him sitting twenty feet away from a certain president's wife, speaking to a room full of people. Andersen was positively schoolyard-crush giddy.

• QVC has tapped Isaac Mizrahi to host a show that's "part pitch, part reality show." The shopping network will air eight hours of "Isaac Mizrahi Live!" a month beginning in December. [WSJ]
• Rachel Roy is opening a pop-up shop in Soho in September. [NL]
• Tory Burch has sold a stake in her company to a Mexico City-based private equity firm. [NYT]
• Marc Jacobs' latest collection of t-shirts take a stand on gay marriage. "I pay my taxes, I want my RIGHTS!" is stamped on the front. [Cut]

• How did a fish-and-chips waitress named Laura Hollins transform herself into supermodel Agyness Deyn? Cintra Wilson reports. [NYT]
• Crisis averted! The $5,950 alligator clutch that some people thought Michelle Obama was carrying in Russia earlier this week was a much more modest $875 leather one. [NYDN]
• Say hello to the 16 contestants who will be making it work (or not) when the new season of Project Runway debuts next month. [People]

[Michelle Obama walks by a HILARIOUS statue in Rome today; image via Getty]

Barack Obama can't remember exactly how he met his wife, Michelle, the mother of his two daughters. But he at least remembers that they did meet, which is the thing that matters, right? So leave him alone!