Super flop fends off super tax. Yay.

Larry Kudlow is not weeping over the floperoo of the super committee:

In an important sense, the whole super-committee debate from the Democratic side was about taxing the rich. They never went quite as far as President Obamas populist class-warfare rant, at least not publically. But basically this logjam was about so-called tax fairness.

Main thing: “we dodged a super tax hike and got a couple trillion dollars of lower spending. Not the worst thing in the world.”