Bush sees storm clouds over US economy

US President George W. Bush on Monday said the US economy was basically strong but warned of "storm clouds" in the form of a credit crunch and what may be a bursting housing bubble. "This economy is pretty good. There's definitely some storm clouds and concerns, but the underpinning is good, and we'll work our way through this period," Bush said in a town hall-style question and answer session here. The US president's comments came as part of a defence of his economic policies, especially... CNA