A television channel stated that this is the worst the State has been since the Great Depression, or at least that the local recession is the worst since..and that the state is currently one of the most generous regarding social services, and that the changes he's ordered will make it one of the stingiest.
He has certainly Republicanized California, or at minimum, punished it quite well.
This is a mini version of what Bush has done to the country, economically and socially, an attempt to drive it back to the stone age and dependency upon the very rich (read: the very rich dominate the poor).
Arnold is now in the system, like a tapeworm. Better to inoculate and remove him from politics (act now or endure the results we've already seen with his familiars). Impeach/Remove...