The discussion centers on Arnold Schwarzenegger's performance as governor, with mixed opinions on his political acumen and effectiveness. While some believe he is doing well due to his ability to surround himself with capable advisors, others express concern over his lack of political knowledge and the public's general apathy towards his governance. A significant point raised is his effort to pass a $15 billion bond to address the state budget deficit, which some view as a result of his campaign promises. Additionally, there is criticism regarding his decision to drop legal action against energy brokers involved in the California energy crisis, which could have potentially recovered up to $9 billion for the state. The conversation also touches on the possibility of Schwarzenegger returning to filmmaking, with humorous speculation about the nature of reality and fiction in his career.