Alright, here's what i (half)understand to be the set-up...
the prob:
-huge defecit (despite being the 4th biggest economy in the world, or some such thing)
-increasing (manufacturing?) job losses in this area. [tho i read the other day that "service" employment is rising nation-wide, to join other small rises in the american economy across the board. Even if they're rising in California too, the state seems to be in a sticky mess]
Arnie's promises:
-an end to Gray's car-tax
-a promise not to cut education funding.
-to get 2 billion (i think i heard million, but it'd have to be billions wouldn't it??) out of the native indian gambling casinos etc. [i think that boy's gonna face some stiff resistance there - but i guess politically they might not be that well defended. No idea really

]
Erm, and that's about it as far as i can see. Can't see any huge solutions on the face of it. I think their defecit is pretty big. But what i REALLY want cleared up is....
What are considered to be the main causes of the current deficit? It seems the energy crisis/Enron's deregulation-bill really hit the area hard (having to "import" energy inefficiently/expensively etc). But beyond that, what's caused this crisis? And can Arnie REALLY fix it? My doubts are bigger than his biceps
NB - Legislation has been proposed that would allow someone like Arnie to run for president.