Donald Trump embarked on a comeback with a subtle law-and-order campaign: He exaggerated crime trends, called American cities war zones and directed his anger at immigrants, flooding the Republican National Convention with “mass deportations” NOW!” Symptoms
It’s hard to know exactly how Trump’s tough immigration policies will play out, but his campaign press secretary said That his new administration will begin its mass deportation program on day one.
Trump doesn’t take office until January, but if you’re wondering if he’ll follow through on his promise to arrest, detain and deport immigrants, here’s a chart that paints a grim picture of what could lie ahead:
Jio Group, a private prison corporation that was billion dollars price contract Along with US Immigration Customs and Enforcement (ICE), its stock price rose sharply on Wednesday – about 38 percent by mid-afternoon – after Trump was declared the winner of the presidential race. While that doesn’t translate into policy, it shows markets are betting that the private prison industry will likely flourish under the next Trump administration.
Such market behavior is to be expected, as investors Often overreacts At the news event. But even if today’s movement is a temporary price spike, it doesn’t change the fact that the company itself is betting on a Trump presidency to make a fortune. Jio Group is spending on its lobbying efforts The Trump administration was at its peakAnd slowed down after President Joe Biden announcement That he would terminate the Department of Justice’s (DOJ) contracts with private prisons. The company was Also donated to Trump’s inauguration in 2017 and even hosted one of its annual events at one of its properties.
This is Jio Group’s PAC His contribution stands out Contributed $500,000 to the Trump campaign and to pro-Trump super PACs.
The reason is obvious: The company sees a second Trump term as a boon for its business, which relies on government contracts. And since Trump is planning a mass deportation campaign, that likely means the federal government will arrest and detain more immigrants. In a recent earnings call with its investors, Jio Group executives Recommended If Trump wins, his policies could bolster the amount of money sent to detention facilities that have contracts with ICE.
Although Trump liked to tout His bipartisan criminal justice reform billEnacted in 2018, signs like today’s market reaction to his victory show that private, for-profit prisons expect to see big returns when he returns to the White House. This is an alarming reality because of the state of private prisons Managed by Jio Grouptend to be worse than federal benefits, ie A 2016 DOJ report noted. The problem got so bad that in 2016 the Obama administration Announced it will be phased out Contracts with private prisons after the DOJ determined they were less safe for inmates than federally run facilities. (Trump is quick That’s the opposite of principle.)
Markets don’t always predict policy. But when it comes to where investors are putting their money and private prison companies like GEO Group have endorsed the president, the bet they’re making is clear: If you’re in the business of incarcerating people, a second Trump term is profitable. It’s a pretty good bet.
