Private Prisons LOVE Trump’s Immigration Plans
January 27, 2017
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6:50Now PlayingPrivate Prisons LOVE Trump’s Immigration Plans
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as posted by the channelTrump will be making the shareholders of private prison companies a lot of money. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
"Private prison companies saw an immediate and sustained stock bump when President Donald Trump was elected. And investors think things will keep getting better.
An article on Seeking Alpha, the investment research site, speculated that GEO Group’s stock value may increase by 25 percent this year.
“The basic rationale is that a Trump administration will emphasize private industry and law-and-order, both which will serve as significant macro tailwinds for the private prison industry over the next 4 years,” it said.
That emphasis began in earnest Wednesday with a series of executive orders signed by Trump to crackdown on illegal immigration.
Besides announcing that he will triple the number of Immigration and Customs Enforcement officers and order the Department of Homeland Security to start building the wall (even though Mexico has yet to pony up the cash), Trump and his team also committed to locking up more immigrants who illegally cross the border.
These measures are expensive; an analysis from the progressive Center for American Progress——a think tank linked to the Clinton campaign—estimated the whole project could cost more than $117 billion over the next 10 years.
And much of that money will go straight to private prison companies.
“The reality is, DHS is not going to have the ability to detain all these folks,” said David Inserra, a homeland security policy analyst at the conservative Heritage Foundation. “You have to rely on the private contractors.””*
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Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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