While British Chancellor of the Exchequer George Osborne frets over spending £148 on a fish and chips lunch with the Governor of the Bank of England, Barack Obama has no qualms about requesting an expensive revamp of the Oval Office when the US federal deficit is approaching a staggering $1.3 trillion and unemployment hovers at just under ten percent. The Wall Street Journal has outlined some of the chic decorative changes at 1600 Pennsylvania Avenue: Handmade striped wallpaper manufactured in Amagansett, N.Y., with trim painted in American-made Benjamin Moore. Obama’s decorating team reupholstered in caramel-colored leather the two mahogany arm-chairs...