How For-Profit Prisons Could Benefit Under President-Elect Donald Trump

November 16, 2016
International Business Times

Among President-elect Donald Trump's primary policy objectives once he officially assumes the nation's highest office is a crackdown on crime and illegal immigration, and investors in the private prison industry, which benefits substantially from such laws, are taking note. 

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"It's certainly true that for-profit prison stocks are soaring on hopes that Trump will incarcerate more people," Bob Libal, executive director of the advocacy group Grassroots Leadership, told International Business Times in a phone interview. 

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Dismantling the DOJ's check on federal use of private prisons, “would be an enormously bad decision—we would be keeping prisons open that we don’t need, or seeking to fill them," Libal, the Grassroots Leadership director, said. He added that Companies like GEO Group “are betting heavily that Trump is going to be the savior of the for-profit prison industry."

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