China Making Sales in Renewable Energy

According to a recent Wall Street Journal article, two Chinese companies, Datang Corp. and Hongqiao Group, are participating in new sales for sites of renewable energy. The companies will make about $1 billion and $1.5 billion respectively. As China seems to be increasing their developments into renewable energy, the U.S. seems to be decreasing their interest in new energy. Another article describes how a fund meant for wind and solar energy research and development might be used in a different way, as Obama's top advisers believe that citizen's tax dollars can be used in a better way.
Although I do understand the recent economic crisis and the media hype on the cost of taxes to Americans, I also find it discerning that the U.S. is once again behind China in something concerning economics. If the move is political, which it probably is, I also find flaws in that renewable energy research was something Obama promised, and the newer energy has potential to bring new jobs and according the soon-to-be profits for these two Chinese companies, it obviously has the potential for a lot of money. There is a delicate balance between risk and the need to keep the money Americans and the government does have safe however. What do you guys think? If the need to ween ourselves from oil important enough to raise taxes and put precious tax money to?

- Caitlin McGonnigal