Connect with us

News

‘Someone’s Got to Run the Deportation Camps’: Prison Stocks Soar as Trump Agenda Unfolds

Published

on

Several private prison stocks have been skyrocketing since Donald Trump won the 2024 presidential election. Trump has vowed mass deportations, and his campaign spokesperson on Wednesday said “millions” would be deported on day one.

“One HUGE winner from Trump’s win: Private prison companies GEO Group Inc. and CoreCivic Inc.,” observed Bloomberg News reporter Steven Dennis on Wednesday. “Their stocks, which could benefit from Trump’s plans for rounding up millions of immigrants, rocketed higher today 41% and 29% respectively.”

Thomson Reuters Foundation journalist Avi Asher-Schapiro also on Wednesday, posted the stock’s performance over the past five days, which shows it jumped over 26%. He writes: “Private prison giant Geo Group —which already has over a billion dollars in ICE contracts to manage immigration detention facilities—sees its stock soar on Trump’s win.”

Pointing to an earnings call transcript from August, he notes the company “also administers the ‘Intensive Supervision Appearance Program’ which is GPS monitoring of migrants.”

READ MORE: ‘Under Attack’: Newsom Preps to Protect California From Trump

“Now, it’s 175,000 people. If the GOP-backed House Bill becomes law, that could expand to 7 million.”

Ohio Capitol Journal Editor-in-Chief David DeWitt noted, “To deport 20 million people [a number Trump has claimed], they need to build massive camps – deportation, detention…camps where people are concentrated… to handle such massive numbers. Brokers are speculating a nice windfall for a private prison giant on the backs of millions of families being put in camps”

At Thompson Reuters’ Context, Asher-Schapiro co-wrote an article last week explaining how Geo has donated over a half-million dollars to support Trump’s re-election efforts.

“GEO Group’s political action committee moved early this year to donate a maximum $5,000 to the Trump campaign, in addition to a $500,000 donation from a GEO subsidiary to a pro-Trump group, according to an analysis from CREW’s [Robert] Maguire and Lauren White.”

CREW is the government watchdog Citizens for Responsibility and Ethics in Washington.

READ MORE: The List of Who Donald Trump Has ‘Pledged to Punish,’ According to One of His Targets

“The company also not only donated to his 2017 inauguration, but moved its annual corporate event to one of his properties, White said.”

“They have not only been fuelling Trump’s political aspirations, but they have been putting money directly in Trump’s pocket by using his businesses in a pretty conspicuous way,” White also said.

The Atlantic’s David Frum is a Never-Trump Republican who announced Wednesday he “De-registered as a Republican today.”

Responding to the chart of Geo Group’s stock skyrocketing, he remarked sardonically: “Someone’s got to run the deportation camps.”

On Wednesday, NBC News explored how Trump may execute his deportation plan, and highlight one of his recent quotes about immigrants: “We’re like a garbage can for the world.”

Watch the video below or at this link.

READ MORE: ‘Dire Implications’: Trump’s Possible Vaccine Ban Could Spark US, Global Health Crisis

 

There's a reason 10,000 people subscribe to NCRM. You can get the news before it breaks just by subscribing, plus you can learn something new every day.
Continue Reading
Click to comment
 
 

Enjoy this piece?

… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.

NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.

News

‘Better Without It’: Trump Now Trashes the Deal He Once Called the Best Ever

Published

on

President Donald Trump spent years praising the trade deal he signed into law in 2020, the USMCA — United States–Mexico–Canada Agreement — which was his replacement for NAFTA — the North American Free Trade Agreement.

“America’s great USMCA Trade Bill is looking good,” Trump wrote in 2019. “It will be the best and most important trade deal ever made by the USA.” Declaring it would be good for everybody, he cheered, “we will finally end our Country’s worst Trade Deal, NAFTA!”

One year earlier, Trump said that his USMCA would serve as a means for Mexico to pay for his border wall:

“Mexico is paying for the wall through the many billions of dollars a year that the U.S.A. is saving through the new Trade Deal, the USMCA, that will replace the horrendous NAFTA Trade Deal, which has so badly hurt our Country. Mexico & Canada will also thrive – good for all!”

On Wednesday in Paris, the president gave reporters a different take on his deal, suggesting he would prefer to have no trade deal with America’s top trading partners, Canada and Mexico.

“I think it’s better without it,” Trump said. “I mean, to be honest with you. I’m not a big fan of it.”

He said the reason he had “liked it” was it helped get the U.S. out of NAFTA.

“That is the thing I liked about it the most,” Trump insisted. “We do better without an agreement.”

The president then offered two different scenarios. He said he would rather leave any USMCA extension “unsigned,” but then declared, “I’d rather have it terminated.”

When a reporter explained that those are “different things,” Trump replied, “I would rather not have the agreement, but I may sign it.”

“I would rather not have the USMCA,” he said. “I would prefer not having an agreement, but I’m open to doing it. We’ll see what happens.”

“It’ll be terminated,” he continued, as opposed to it expiring and not being renewed.

“I view it as possibly expiring immediately,” the president said.

The USMCA is up for renewal on July 1, but the U.S. has ruled that date out, Bloomberg News reported. “The US is negotiating on a bilateral basis. Talks with Mexico are ongoing, including sessions this week, while formal talks with Canada have not been launched.”

Last week, Trump said: “We don’t need anything that Canada has, we don’t need anything that Mexico has, but they need everything that we have, and they have to treat us better.”

 

Image via Reuters 

Continue Reading

News

Carville Predicts When Trump Will Resign — and Why

Published

on

President Donald Trump will not serve out his full second term in office, argues political strategist James Carville, but rather, he will resign and “walk away.”

Carville points to two major reasons looming over Trump as to why he believes the 47th president will exit the office.

“I want to be very clear on something,” says Carville. “I’m not doing this as a crazy a—— prediction. I’m doing it because I genuinely think that he will resign next spring.”

“He’s going to walk away because the pain that is coming for him, both the emotional pain and the physical deterioration, you watch it right in front of your eyes,” said Carville. “I don’t have to be a doctor to see this guy can’t move. He can’t get out of a chair. I know what it’s like to be in the 80s. And unlike a lot of people, I know what that job is like, and it’s not compatible. You know, maybe there’s some people 80 who could do that. He’s not one.”

Acknowledging that he is not a medical doctor, Carville does note that he is close to Trump’s age: the president is 80, Carville is approaching 82.

He highlights Trump’s “rate of decline from Election Day to now,” and warns that “it’s not linear. You don’t lose a quarter of a percent a month. When it goes down, it goes quickly, and you can look at him and see how just fat and unhealthy he is.”

The other reason Carville believes Trump will exit the White House next spring: he suggests a tremendous loss in the November midterms for Trump, and explains how devastating that will be.

“I know what it’s like to lose a massive off-year election,” says Carville. “We did in 1994. It’s so monumental. It’s so massive. It hurts so deep. You just can’t imagine it. The entire world around him is going to change after November of this year.”

“People don’t pay attention to you,” says Carville. “They’re making jokes. Everybody knows you’re on a short leash. You got two years left to go. You don’t have any power. Everybody around you is being subpoenaed for everything that you can imagine. Your life is miserable.”

Carville went on to declare, “I’m doubling down on this prediction. He is just going to walk away.”

Trump, Carville predicts, will tell Vice President JD Vance — who would become president should Trump resign — that as president Vance can likely pardon himself. And while there is “some uncertainty as to whether you can do that,” there is “no uncertainty” as to whether a President Vance can pardon Trump and his family.

“So, I’m sticking with my prediction,” says Carville. “I think the son of a b—— is just going to walk away.”

 

Image via Reuters 

Continue Reading

News

‘Five-Alarm Fire Bell at GOP HQ’: Conservative Warns of Brutal November for Republicans

Published

on

Republican National Committee leadership is staring at a “five-alarm fire bell,” conservative analyst Henry Olsen warns, as President Donald Trump’s sinking poll numbers put the GOP’s Senate majority at risk in November.

“The Republicans’ Senate fortunes,” Olsen writes at The Washington Post, “are tied to the man in the Oval Office. If the president can recover his standing even a few points, the GOP will probably retain Senate control. But all bets are off if he remains as unpopular as he is now.”

Olsen, a longtime Republican strategist and a senior fellow at the Ethics and Public Policy Center, explains that at the start of the year the road map for Democrats looked daunting. They had to gain four Senate seats to win the majority, while holding three open seats — Minnesota, New Hampshire and Michigan — that were seen as “far from safe.”

At best, the “most politically favorable remaining states” on the Senate map — Ohio, Iowa and Alaska — “were all carried by Trump by over 10 points. Democrats have not won a Senate seat in a state that red since 2018, when Jon Tester prevailed in Montana and Joe Manchin carried West Virginia.”

The tables have turned, and now it is Republicans who are facing an uphill battle.

Democrats are “leading or statistically tied in all of the seats they need to retain,” and “also lead or are statistically tied in six GOP-held states: Alaska, Iowa, Maine, North Carolina, Ohio and Texas.”

Plus, retired Army Lt. Col. Alexander Vindman, the expected Democratic nominee for Senate in Florida, is ahead of Republican U.S. Senator Ashley Moody, according to one recent poll.

Of course, as Olsen suggests, the campaigns have yet to get into full swing, there is still time, and the Democrats’ Maine nominee, Graham Platner, could be seen as a wild card.

“Perhaps Platner’s troubles will allow Collins to equal or slightly surpass her earlier result, but even then, the vast majority of her support will come from Trump approvers,” says Olsen. “If that total is under 40 percent, as it surely is right now, Collins probably won’t win.”

“But surely no one in the Republican high command thought they would be trailing or tied in 10 critical Senate races at this stage,” writes Olsen. “That sound you hear is a five-alarm fire bell at GOP HQ.”

In today’s polarized era, Olsen notes, many voters back their party rather than the candidate — and a party whose leader is underwater on most key issues weighs on every candidate on the ticket.

 

Image via Reuters 

Continue Reading

Trending

Copyright © 2026 AlterNet Media.