Budget concious

I read a review of Dooney & Bourke handbags, which stated that these purses were for the budget conscious consumer. I nearly fell out of my chair. I certainly agree that D&B bags which run $250+ are not in the same category as a Louis Vuitton purse at $800+. However, are they really reasonably priced ?

I used to think that spending more than $50 for a pocket book was  a splurge. Is this new definition of "budget conscious" one of the reasons we have a credit crisis ? I suppose everyone has a different definition of what luxury is. Still, it makes me wonder......