Trump’s Win Has Already Boosted Stocks of Private Prison Companies

November 17, 2016
Broadly

Deporting one immigrant costs about $10,000. According to the United States Department of Justice, the government spends approximately $5,600 on each immigrant held in a detention center. Trump has vowedto deport two to three million immigrants when he takes office in January, which means the US could spend nearly $17 billion on detention in the coming few years. 

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"Federal immigrant detention is the private prison cash cow," says Cristina Parker, the director of immigration programs at Grassroots Leadership, a nonprofit that focuses on the private prison industry. "Stocks going up was a very rational response to someone saying he's going to greatly expand the police state and deportation machine."

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"They were on the run, their stocks dropped, shareholders were suing them, things were looking really bad for them," Parker says. "Trump changed all that."

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In one letter sent to Grassroots Leadership by 11 women at the CoreCivic-run Laredo detention center, inmates complained about inadequate medical care and access to lawyers and other representation. One woman said that they'd been kept in a cold room overnight, leading her to develop a severe cold. Another, who has diabetes, said she had to hide bread from the guards so that she could eat it in secret when her blood sugar gets low. The women also complained of black water flooding the facilities, being given food that made them ill, and being denied access to the bathroom.

"When we go out for recreation they watch over us with shotguns in their hands as if we were criminals," one woman wrote to Grassroots Leadership. "Since because of the physical damages that I already have in my body from firearms and the psychological impact of that, they make me feel afraid."