Nov 2, 2011 4:49pm

For Sale: Banner That Greeted Obama at Solyndra

A banner that greeted President Obama on his 2010 visit to California solar energy start-up Solyndra was to be a memento of the presidential push which helped get the company off the ground.

Now it’s up for auction, part of a trove of Solyndra assets for sale after the company filed for bankruptcy, all relics of a federal loan program gone awry.

A website for the auction company Heritage Global Partners lists the banner among dozens of computers, pieces of office furniture, robots, even electron microscopes worth $500,000 or more.

The seven-foot-by-30-foot banner featuring an American flag and heralding Solyndra and “Made in the USA,” a backdrop for Obama’s tour, has yet to receive any bids, according to the auction website.

More than 1,000 potential buyers have already signed up to view the Solyndra property, auction house partner Kirk Dove told San Francisco ABC television affiliate KGO.

“It could be solar panel manufacturers looking for extra capacity and need manufacturing equipment, it could be wholesalers of finished good products because we’re selling finished good panels. It can also be buyers of household items, of office furnishings, personal computers,” Dove said. “There’s biopharma equipment. There’s electronic test equipment.”

The federal government awarded $500 million in grants to help the solar panel maker get started. But now, little if any of that money is expected to be recovered for taxpayers. More than 1,000 workers also lost their jobs at the company when it abruptly shut down in August.

Obama has defended the Solyndra loan, which had been the poster child of the administration’s green jobs push, telling ABC News last month that “hindsight is always 20/20.”

“It went through the regular review process, and people felt like this was a good bet,” he said.

The White House has since ordered a review of the entire Energy Department loan program.  House Republicans are conducting a separate investigation into the Solyndra affair.

SHOWS:

User Comments

Not as wonky as the “Mission Accomplished” banner.

Posted by: Ted | November 2, 2011, 5:03 pm 5:03 pm

“It went through the regular review process, and people felt like this was a good bet,” he said.

How many lies can this man tell before the press begins to call him out? It was RAMMED through even though months before it was turned down by the Bush administration.

Posted by: wheresmymoney | November 2, 2011, 5:29 pm 5:29 pm

For Sale..One used president with low mileage, only one term. Has a tendency to veer to the extreme left whenever given the opportunity. Continues to run his mouth even when turned off. I’m giving it up because it just cost way to much money to keep in the garage.

Posted by: allen | November 2, 2011, 5:39 pm 5:39 pm

Posted by: allen | November 2, 2011, 5:39 pm 5:39 pm

Funny, the last model burned way too much oil and bankrupted me, my neighbors and the entire country. The only people who benefited were the ones who owned all the oil being burned. Wait a sec, that model actually owned some of the oil. Man, I’m glad it’s gone.

Posted by: Burnt | November 2, 2011, 8:00 pm 8:00 pm

POSTED BY: BURNT | NOVEMBER 2, 2011, 8:00 PM 8:00 PM

Did you know that this is the worst recovery from a recession in the history of this country? By far. Not even close.

What has Obama screwed up that every other president ever didn’t screw up? I why do you love him so?

Posted by: foggy | November 2, 2011, 9:02 pm 9:02 pm

TO: ALLEN | NOVEMBER 2, 2011, 5:39 PM——–No thanks….I only buy American…..LOL!!!!!!

Posted by: old soldier | November 2, 2011, 9:04 pm 9:04 pm

The banner will look in the jail cell Obama and Holder will occupy after their scandals are exposed

Posted by: walk like an egyptian, Whine like a Liberal | November 2, 2011, 9:28 pm 9:28 pm

Did you know that this is the worst recovery from a recession in the history of this country?

Posted by: foggy | November 2, 2011, 9:02 pm 9:02 pm

Yes, the grotesque trade imbalance solidified during the Bush years pretty much guarantees a slow growth recovery.

Posted by: Gerry | November 2, 2011, 10:24 pm 10:24 pm

I wanted to bid on the banner, but it is no longer available. I guess the powers to be got it removed from the auction. Best to conceal evidence of any wrong doing before it becomes embarrasing in a presidential election.

Posted by: calif Guy | November 3, 2011, 12:31 am 12:31 am

Best to conceal evidence of any wrong doing before it becomes embarrasing in a presidential election.

Posted by: calif Guy | November 3, 2011, 12:31 am 12:31 am

Best to try to pretend there is wrong doing (if you’re a Republican) before any wrong doing has been proven. Why? Because that’s the way the Republicans operate.

Posted by: Dave | November 3, 2011, 12:45 am 12:45 am

This Solandra company was vetted and approved by the Bush administration. Papers of agreement were signed by them first. While I agree, maybe some more investigation was necessary…I guess most assumed since the papers where already signed by the republican president…all was o.k. and worth the risk. Imagine if Obama tried to back out of it…the republicans would have gone wild and said he had no right because it was already approved by Bush and Obama has no right to deny it. I think the republicans should go easy on the president…or take part of the blame themselves as they did not vett it properly like they did not vett Cain properly.

Posted by: talmag | November 3, 2011, 10:35 am 10:35 am

Wheresthe money…you are wrong…it was already signed by President Bush…his name is on the original contract…not Obama’s.

Posted by: talmag | November 3, 2011, 10:39 am 10:39 am

Think of all the wonderful memorabilia that will be sold by Obama after he leaves office in January 2013:

– An autographed photo of Reverend Wright (suitable for framing)

– A signed letter from Bill Ayers

– Dozens of books on leadership (none of which Obama understood)

But not Obama’s birth certificate. That’s going to the Smithsonian.

Posted by: sinz54 | November 3, 2011, 11:12 am 11:12 am

Solyndra was NOT approved by the Bush administration, you need to get your facts straight.

Posted by: Freedom | November 3, 2011, 11:23 am 11:23 am

Posted by: talmag | November 3, 2011, 10:39 am 10:39 am

Excuse me. Weeks before.

ABC report Sept 14, 2011:

After spending months touting the Obama administration’s decision to loan $535 million to the California solar energy upstart Solyndra, top officials took a new tack Wednesday while testifying before Congress about the company’s abrupt shut-down and bankruptcy: the loan, they said, was actually the Bush administration’s idea. The Energy Department’s top lending officer told Congress that the Solyndra loan application was not only filed during President Bush’s term, but it surged towards completion before Obama took office in January 2009.

“By the time the Obama administration took office in late January 2009, the loan programs’ staff had already established a goal of, and timeline for, issuing the company a conditional loan guarantee commitment in March 2009,” said Jonathan Silver, who heads the Energy loan program.

Republicans pushed back hard against this version of events, unearthing internal Energy Department emails that indicate the panel evaluating the loans had made the unanimous decision to SHELVE Solyndra’s application TWO WEEKS BEFORE OBAMA TOOK OFFICE..

Blaming the failed loan on the Bush administration marked an abrupt turn for the Energy Department, which had championed the Solyndra loan as a model for its efforts to build a so-called “green energy” industry that creates jobs and safeguards the environment. The Solyndra loan was so central to this strategy that the administration initially planned to have Obama personally announce it, and later sent the president to the company’s solar panel manufacturing facility in Fremont, California to celebrate its work.

Continues:

“This deal is NOT ready for prime time,” one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan. ”

Yet the President rammed it down our throats anyway. How much of this money will he get back for his 2012 campaign?

Posted by: wheresmymoney | November 3, 2011, 11:25 am 11:25 am

@talmag

If you care one bit about corruption in Washington when it involves a Democrat, then you hide it very well.

Posted by: foggy | November 3, 2011, 11:44 am 11:44 am

My facts are straight…it was vetted by the republicans and the contract was originaly signed by Bush. Yes, should Obama and the dems have looked further…but they were interested in getting an energy company started and give them a helping hand like they did the auto center which the reps. did not agree with…however, they are making money and plan to open another factory in Detroit and have paid back the loan to us. Obama was hoping Solandra would do the same….everyone including the republicans were fooled. The repulicans backed this bill along with Bush. The auto industry being saved helped keep millions of jobs not only with the auto center but any company having to do with the making of a car. Imagine had this not been done…how many more would be out of work. However, with the republicans laying off cops, firemen and teachers….it is about the same as what Obama saved. Who will teach our children, who will police our streets…in Camden N.J. where cops were laid off by christie…the crime rate has risen by 50% and people are being robbed in daylight. Also firemen are having to cover a larger area and need more time to get to fires so by the time they get there….the house cannot be saved nor the people. Let’s start thinking about what is really going on here. I am not a democrat but a former republican …now an Independent. Deficit cuts are necessary but not on the backs of middle America….how about the congress and the senate giving up their paid for health care by us. One recently elected tea party member was outraged he had to wait 30 days to get this coverage…wow…imagine 30 days. Some middle America cannot afford health care for their families and are being asked to give up some more things. How about the Congress working a full month…they work two weeks and get one week off…do you get this…Who gets those perks?

Posted by: talmag | November 3, 2011, 1:59 pm 1:59 pm

Yet the President rammed it down our throats anyway.

Posted by: wheresmymoney | November 3, 2011, 11:25 am 11:25 am

There is no evidence the President was involved in the Solyndra decision.

Posted by: Charlie | November 3, 2011, 11:24 pm 11:24 pm

His own dept. of energy analysts advised them not to make the loan, even stating that the numbers show the company would go bankrupt in Sept. of this year. How spot on was that! The fact that a major campaign bundler was a major investor in Solyndra had everything to do with it. That’s 2 birds with 1 stone, the green agenda gets pushed and major campaign donor gets his payback.

Posted by: spike | November 4, 2011, 3:11 pm 3:11 pm

CHARLIE–”There is no evidence the President was involved in the Solyndra decision”— Really??

Okay , so (according to you) he was not involved, yet according to the quoted article above “The Solyndra loan was so central to this strategy that the administration initially planned to have Obama personally announce it, and later sent the president to the company’s solar panel manufacturing facility in Fremont, California to celebrate its work. “— Which means that either he was DEEPLY involved in the process OR he jumped to take public credit for a process he was not actually involved in.. So whiich is it?? Once again our president CLAIMS that he has the right answer (like he did for the economy when running for office) then when his plan fails, he claims that he had nothing to do with it (the economy is Bush’s fault)).. Gotta love it.. and you gotta love people like you who I am sure would have done a splendid job rearranging the deck chairs on the Titanic..all the way to the bottom..

Posted by: arkie vet | November 4, 2011, 5:15 pm 5:15 pm

TALMAG–”This Solandra company was vetted and approved by the Bush administration. Papers of agreement were signed by them first. While I agree, maybe some more investigation was necessary”– I will decline to further shoot that line of BS down since it has already been done, but –”I guess most assumed since the papers where already signed by the republican president…all was o.k.”— This one I have to highlight.. REALLY? the man who claimed Bush was responsibile for ALL our problems, all our financial troubles, the man responsible for the “greatest economic collapse since the depression” (Obama’s words)— You mean to actually contend that Obama considered even a compulsory review of something that BUSH approved to be unnecessary?? Do you rally think ANYONE buys that argument?? The extent that the left will go to blame Bush is truly incredible..

Posted by: arkie vet | November 4, 2011, 5:23 pm 5:23 pm

You want to know what is for sale? Every politican in washington that is currently serving!! Including Obama!!

They are ALL bad. Are they not? Then DO something about it!! Don’t accept it and reward failure with another term. That makes anyone doing that an idiot!!

I’m voting EVER incumbant OUT!! YES……..even Obama!!

ALL of them!! Start over!!! Of the people, for the people!!!

Posted by: dd23 | November 4, 2011, 7:18 pm 7:18 pm

Obama trying to shift blame- ‘people felt it was a good bet’

but it wasn’t ‘people’ who took the Solyndra stage to crow about his success, it was Obama. Obama hides behind the leftist bureaucrats HE stuck in office carrying out his every fantasy.

Posted by: bluecollarbytes | November 4, 2011, 11:27 pm 11:27 pm

Please keep Americans informed on the Solyndra Scandal. I want to know what really happened?

Posted by: kathy iturralde | November 10, 2011, 10:46 am 10:46 am

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