'Terminator' outlines his economic plan

Republican gubernatorial candidate Arnold Schwarzenegger talks at an "Ask Arnold" town hall style meeting September 23 in Sacramento, California. Photo: AFP

After slamming current California Governor, Gray Davis, for burdening businesses and property owners with "onerous regulations" and ever-increasing taxes, the self-made millionaire said his first move as governor would be to "reduce taxes that made our state uncompetitive."

After boasting about his past as a "penniless immigrant" for whom California was the promised land, his Mr. Universe title, his marriage with "a Kennedy," and his successful acting career, Schwarzenegger vowed to help California "regain its status as a high-octane growth economy."

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