There’s no doubt about it, First Lady Michelle Obama is a modern day fashion icon. Her looks are always stylishly flattering and chicly conservative. On the cover of this month’s O the Oprah Magazine she’s wearing a simple yet super-stylish slim orange dress, yellow short-sleeved cardigan and transparent belt. Though understated, everything she wears makes a statement, from multi-colored separates to an arm-baring dress or a chunky pearl necklace. And of course, designers have taken notice and want to dress her in all their latest like a little girl with her paper dolls. But are they also designing collections around her style? It seems so.

Isaac Mizrahi’s new collection for Liz Claiborne looks like he peeked into the closet of Mrs. Obama to derive inspiration. The ad campaign even looks like she should be starring in it! The collection consists of colorful separates, flirty and full patterned dresses and skirts, and vibrantly hued trench coats accessorized with bright and sunny shoes and accessories. Even Gap’s spring ’09 ads seem to have jumped on the bandwagon of Mrs. O’s casually refined looks. The campaign features primary-colored separates peeking out from underneath neutral trenches. What do you think? Are designers capitalizing on the First Lady’s look?

Images via Oprah Magazine/Nitrolicious