Will the Terminator tackle political office in California? That's the question on everyone's lips as Arnold Schwarzenegger promotes his latest movie and considers running for governor.

The star of Terminator 3: Rise of the Machines wouldn't be the first actor to run for political office in the Golden State. Former actor Ronald Reagan became governor before moving on to the White House.

Speculation is growing that Schwarzenegger is ready to make his move. Some insiders say it looks like he's already in campaign mode, even though he's sidestepping questions about politics for now.

"I'm very happy to promote Terminator 3 now and we're having a very big premiere," Schwarzenegger recently told reporters when asked if he was going to run for political office.

Schwarzenegger, 55, has indicated he may run for governor if the state needs him or if residents vote to recall Democratic Governor Gray Davis. As it stands, California is teetering on the brink of fiscal disaster.

Schwarzenegger is seen by many as the most likely candidate for the Republican party.

"I mean who is going to argue with the Terminator. I mean, I wouldn't dare do that, my life is too important to me," former L.A. mayor Richard Riordan said. "I sure hope he runs. I think he will."

Tonight Show host Jay Leno recently introduced Schwarzenegger to troops at California's Camp Pendleton, where they were given a sneak peak at his new movie.

"You will see some incredible special effects. As a matter of fact, you haven't seen special effects like that since the last California state budget," Leno said.

Then, Schwarzenegger travelled to Iraq to spend the July 4th holiday with troops stationed in Baghdad. His latest movie was screened inside one of Saddam Hussein's former palaces at Baghdad International Airport.

"It is really wild driving around here," he said. "I mean the poverty, and you see there is no money, it is disastrous financially and there is the leadership vacuum, pretty much like in California right now."