A sitting governor of a state thinks the president of the United States is trying to take over a state that's already part of the United States.
Like any story, there are two sides to this story. On the one hand, the governor could just be an astoundingly paranoid and stupid dipshit. On the other hand, he could just be catering to his astoundingly paranoid and stupid dipshit voters who actually believe this could be true. There isn't a third hand. The Onion wouldn't have printed this story because it would have been deemed "too ridiculous". It's impossible to satirize the news these days. I can see why Jon Stewart is walking away from it.