Private detention firms gave a lot to Trump fundraising groups during the election. How will he repay them?
August 28, 2016 I wrote this article –
All you need to read is that title. Accordingly, that title validates that private detention firms gave president-elect Trump a lot of donations. Now that he is our president, it’s pay back time.
Think about that – our president-elect will be repaying favors to an industry that profits the more citizens that are arrested.
That spells TROUBLE for Trump’s main uneducated and gun-toting group of supporters.
After Trump was elected, the market soared. Ultimately, the stock with the best performance was Corrections Corporations of America. One of their competitors, GEO Group, rose 21%.
Private prison companies were in trouble. As a matter of fact, had Hillary won, there is a good chance that these correctional facilities would’ve been gone.
“I am eager to enlist your help in beginning the process of reducing—and ultimately ending—our use of privately operated prisons,” wrote Deputy Attorney General Sally Yates. “As you know, all of the Bureau’s existing contracts with private prison companies are term-limited and subject to renewal or termination. I am directing that, as each contract reaches the end of its term, the Bureau should either decline to renew that contract or substantially reduce its scope in a manner consistent with law and the overall decline of the Bureau’s inmate population.” Alternet article
As a matter of fact, weeks before the Justice Department made this announcement, the GEO Group gave a Trump PAC $45,000.
How could a Trump presidency mean more business for private detention firms?
Republican presidents are always much better for private correctional facilities. Apparently, Trump’s campaign speeches were enough to make these private prisons salivate.
ULTRA-pro gun platforms.
Those three things will mean a lot of extra prisoners. As a result, detention facilities donated heavily to Trump.
Ultimately, Trump’s vow to fill up prisons across the country might be hard to keep, when he is also vowing to drop taxes to record low levels. How will we pay for this? Essentially, Republicans are in a quagmire. In one speech, they promote cutting taxes and saving money. In another speech, they have immigration reform to uphold and prison quotas to fill.
Damned if the do and damned if the don’t. Time will tell.