The accusations, which have been floating around for years, came from a quote in an unauthorized biography of the big lunk. Here's the quote that's stirring all this: "According to Rick Wayne, who is black, when they discussed apartheid, Arnold said he thought South Africa was right, saying things like, 'If you gave these blacks a country to run, they would run it down the tube.'" Again, this is one quote in one book by one person. Not exactly the equivalent of calling someone obscure racist terms on YouTube. And not exactly something current, like something the Governor said in the past twenty years or so.
Angelides also threw out a bunch of quotes from 1990 from Schwarzenegger in which Arnie admitted that he looks down on people who are "waiting, who are helpless" and that he's down with power and authority. Well, of course he is, he's Austrian. All Germany has to do is say march on Poland and the Austrians say okalee-dokalee.