But an optimistic view is that Hamas, on joining it, will be forced to toe the PA's official line of holding more negotiations with Israel.

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Some labor experts caution against taking such an optimistic view.

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It was an optimistic view, to say the least.

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So, basically I come out with an optimistic view.

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An optimistic view of self-regulating markets, maybe.

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And in case you think Lloyds is being singled out as somehow taking an unusually optimistic view of the risk of mortgages going bad, that would be wrong.

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Whether or not Gordon Brown's Treasury had an excessively optimistic view of the budget deficit, he certainly severely underestimated the degree to which Her Majesty's Government would be on the hook if Britain's world-beating financial system got into trouble: The financial sector bailouts account for eight percentage points of the overshoot in our debt.

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Mr. MICHAEL O'HANLON (Senior Fellow, Brookings Institution): Certainly some of them were guilty of an overly arrogant and optimistic view of how the United States would be welcomed wherever it went around the world.

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But that gloomy view rests on an overly optimistic premise.

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