One ought to remember that not all Austrians are alike. Some "Austrians" believe in the supremacy of state interests over private property and some the opposite. Herr Schickelgruber fell in the former category and Herr von Mises in the latter. The Austrian School of Economics, like the signers of the Declaration of Independence, put property rights foremost.
Given his economic adviser, Mr. Buffet, it would seem that Herr Schwarzenegger favors state control over private property, und zich?