It doesn't have Kung Fu grip, but Jailbreak Toys will sell a Michelle Obama action figure starting November 20, just in time for the holiday season, for $12.99. (You can preorder now.) The company already sells an action figure of Mrs. Obama's husband, as well as lots of pop culture/historical icons Che Guevara, Gandhi, and Charles Darwin. The Michelle action figure will come in one of three dresses...but none of them quite match up to the president's gold suit edition.
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