Private Prison Companies Call Trump's Deportation Plans 'Unprecedented Opportunity'

Source: HuffPost

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Key Trump advisors have also openly discussed building mass deportation camps along the border capable of detaining tens of thousands of people at a time as judges process their deportation orders, attached to “constantly” operating runways with deportation flights around the world. While Democratic presidents have also massively expanded the immigration incarceration and deportation system in recent years, Trump is proposing his own generational escalation.

That sort of thing is music to the ears of private prison operators ― whose stock prices soared upon the projections of Trump’s second term in the White House. (On Wednesday, GEO Group was “the single biggest winner in the U.S. stock market — among companies of any size,” according to the investment news site Sherwood News, which is owned by Robinhood.)

On the earnings calls, two of the largest players in the private prison industry ― GEO Group and Core Civic ― demonstrated broad agreement on the implications of a second Trump term, saying it was likely to increase government funding of private contracts for immigration detention, electronic tracking devices, and the transport of detainees within the United States and to other countries.

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“We expect the incoming Trump administration to take a much more expansive approach to monitoring the several millions of individuals who are currently on the non-detained immigrant docket,” GEO Group President and COO Wayne Calabrese also said on the call. “We have assured ICE of our capability to rapidly scale up our capabilities to monitor and oversee several hundreds of thousands, or even several millions of individuals, in order to achieve the federal government’s immigration law compliance objectives.”

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Read more: https://www.huffpost.com/entry/trump-deportation-plans-private-prisons-opportunity_n_672d3faae4b01e5999fc97c0