'This Week' Transcript: Gov. Schwarzenegger

And I said, you know, that, whenever you lose, you analyze why you have lost. What have you done wrong? Because the idea is not wrong. It's just the way you went about was wrong. And, for instance, in 2005, I tried that same battle. And I was not inclusive enough. I didn't bring in -- brought all the stakeholders in and marched with them together. I went out there by myself. And so we lost. And we went back again, regrouped, brought all of the people from Common Cause to the League of Women Voters, to the ACLU, the NAACP and all of those different organizations we brought in. And we won.

STEPHANOPOULOS: So have you talked to President-elect Obama?

SCHWARZENEGGER: I have not had a chance to talk to Obama. But I did say, and made it clear that, even though I was for McCain, that I am the first one to go and do everything that I can, as governor, and as a state, to support his administration and to -- because we have done a lot of studies and work on health care.

If he wants to do health care, then we want to be his partners and help with the health care reform. If it is environmental issues -- all the kind of things -- high technology, power technology, anything that he needs to do in a state, in the whole country or in the whole world, we want to participate.

And I want to be personally helpful for that, even though I'm not looking for a job...

STEPHANOPOULOS: You're not going to go to Washington?

SCHWARZENEGGER: Well, I made it very clear that I want to stay in California for the next two years and finish my term here, because there's still a lot of things that I want to accomplish. This is a great state.

And there's wonderful things -- we want to still get the health care reform done. We want to continue fighting on environmental issues that is important in creating the renewable portfolio of creating renewables 20 percent by the year 2010, and then, of course, 33 percent by the year 2020; and bringing our budget system back in place where it belongs, and then start working on career (ph) education and in other educational areas.

STEPHANOPOULOS: You poked some fun at the president-elect in those final days of the campaign.

(BEGIN VIDEO CLIP)

SCHWARZENEGGER: We're going to make him do some squats.

(LAUGHTER)

And then we're going to go and give him some biceps to beef up those scrawny little arms.

(APPLAUSE)

(END VIDEO CLIP)

STEPHANOPOULOS: Do you think he wants to challenge you on the basketball court?

SCHWARZENEGGER: Look, I've seen him playing basketball. He's a better basketball player than I am. But I think that no one should take that joke that seriously, because Columbus, Ohio is the place where they have the world championships in lifting and in body building every year.

And so, this is one of those jokes that, when they were very (inaudible) or when you talk about body and legs and skinny and all -- pumping up, and all of those kind of things.

So this was not meant to be an insult in any way. It was meant to be to lighten up the place and to make everyone laugh a little bit.

STEPHANOPOULOS: And maybe he'll laugh about it, too?

SCHWARZENEGGER: Exactly.

STEPHANOPOULOS: Governor, thanks very much for your time.

SCHWARZENEGGER: Thank you very much. Thank you.

GEORGE STEPHANOPOULOS: The roundtable is next with George Will, Cokie Roberts, Sam Donaldson and Paul Krugman. And later "The Sunday Funnies."

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