market analysts are looking atvarious stocks that are likely to do well in trumpãsadministration and one stock that is definitelyexpected to do well has to do with private prisons,specifically geo group and corruptions corporation ofamerica.
apple stock price 1984, now that's where, under obamathere was a plan to stop the use of private prisons on a federallevel but donald trump is likely to amplify the constructionand the implementation of private prisons because of the factthat he wants to detain as
many undocumented immigrants aspossible. besides announcing that hewill triple the number of immigration and customsenforcement officers and ordered the department ofhomeland security to start building the wall, trump and histeam also committed to locking up more immigrants who illegallycross the border. letãs stop for a second and thinkabout what that means, okay? if you detain undocumentedimmigrants some of which
might be asylum-seekers, theamerican taxpayer, who is very very concerned with uswasting money, would have to pay these private prisons todetain them for years on end. instead of just deporting them. let me continue, the wholeproject could cost more than $117 billion of the next 10years. full disclosure, that figure wasestimated by a think tank that is associated with hillaryclinton so it could be uninflated figure, but we knowthat private prisons are
actually very, very costly. way more costly than publicly run prisons. geo group recently hired toformer session staffers onto its d.c. lobbying teams sokeep that in mind. i just want to be fair forthe center for american progress, that is the think tankyou alluded to. they've done some great work inthe past. they definitely backed hillaryclinton or the people who
ran the organization were bighillary supporters, but that does not mean that they arelike the right wing. they actually fact check, theydo the research. some of david brock's groupsduring the campaign, i ran into plenty of things where i waslike, that is not really true, but in terms of center foramerican progress, i never saw them print anything thatwasn't true. i am just keeping it real. any time that you say astatistic that comes from a
think tank that has a bias, youshould stay with that bias is. just keeping it 100 with youguys, but there are other independent studies pertainingto the issue of private prisons. there are people, academics havelooked into this issue. there are state lawmakers wholooked into this issue to see whether private prisons actuallysave money and they end up being way more costly. again, you can look into ityourself. private prisons have been adisaster.
they have been a disasterbecause it is a business that only wants to profit and theway that they profit is by imprisoning nonviolentoffenders. that is the reason why wecontinuously have these ridiculous prohibitions on drugslike marijuana and that is the reason why some of the redstates will push harder on anti-immigration policies. let me be clear about this. we are going to run outprivate prisons and that is a
long-term mission and you thinkreally? they keep getting bigger andit's easy, they just illegally bribe politiciansthrough campaign contributions even though it'smore costly and more dangerous. no, i think if you have strongdemocrats at some point that actually make a case, theamerican people will intuitively understand that if youincentivize anyone to do something for profits, theywill do more of it. everybody gets that, right?
if you say you will make moremoney if you imprison more americans, they are going toimprison more americans, right or wrong because that ishow they make money. the private prisons don't get toarrest you. not exactly right. they contribute to campaigns andthose politicians pass laws to imprison more people. for example, undocumentedimmigrants, trump just to made them all criminals.
before, they didn't havedocuments, and if they had committed a crimelike assault etc., they would be sent back butfirst they would be in a detention center. now they are saying, the act ofcrossing the border is now considered a criminal act, which itwasn't before. immediately you are going to have to go tothose private prisons where theyãre going to make more money and ican give you a list of a dozen
other ways that they pass lawsto make sure that the private prison is a good business. now maybe some of you don't mindor you think, oh, those immigrants, they have it coming. but you think they're not goingto pass laws to get you imprisoned? that is exactly what has beenhappening, by the way. private prisons weren't reallyan issue in the united states until the 80s.
i don't know if it'sironic by in 1984, the prison, private prisonindustrial complex just exploded and it was because ofour draconian laws on marijuana. and so they are like, oh my god,look at all these publicly run prisons. they can't house all these drugusers, so why don't we make a business out of it? that is exactly what they didand all of a sudden you see geo group popping up all overthe place.
corrections corporation ofamerica popping up all over the place. and some people asked thequestion why have we not taken marijuana off the schedule onelabel? it's because people are making money off of itsprohibition. jeff sessions himself has beenvery aggressive against legalizing marijuana and so tothink that two of his former staffers have now beenhired as lobbyists for
these private prisons scares thehell out of me. we will see what happens. i know what is going tohappen. they didn't hire them byaccident. of course they hired them sothey could influence jeff sessions. that is how it works, so he canarrest more americans so they can make more money. no, we're going to put an end tothis.
justicedemocrats.com. at some point they are going tostart arresting too many white folks. it's like what happened with thedrug laws, all of a sudden, oh my god, people on painkillersare now taking heroin and a lot of white folks are beingarrested in kentucky. all of a sudden the kentuckysenators are like, maybe we should do criminal justicereform. there shouldn't be a singleprivate prison in america.
we will get to a point wherethere isn't. did i say anything? i just said it.
