Private Prison Stocks Are Soaring Amid the Trump Administration’s Immigration Crisis
Jun 20, 2018 — Under the Trump Administration's policy of separating children from their parents- including infants and toddlers- the prison-industrial complex is very profitable: "The stocks of two of the world’s biggest private prison companies are outperforming the market amid the current immigration crisis.
"Despite a small dip in the Dow Jones Industrial Average by 0.14 percent on Wednesday, the GEO Group and CoreCivic both saw their stocks increase 1.79 percent and 3.18 percent, respectively. Both corporations work alongside Immigration and Customs Enforcement (ICE) to operate detention centers holding immigrants."
And it turns out CA Assemblymember Lorena Gonzalez Fletcher has benefited from their success: she has been taking their money for years.
And so has her husband, Nathan Fletcher, a candidate for San Diego County Supervisor 2018.
Who else do these private prisons support?
"Both the GEO Group and CoreCivic supported Trump’s presidency. The companies donated $250,000 to Trump’s Inaugural Committee, with GEO having donated $225,000 to a Trump Super PAC during the 2016 election."
It's time for Democrats to refuse to profit from the private prison industry.
If you agree: Please share the petition.
And thank you for your support!
Keep fighting for people power!
Politicians and rich CEOs shouldn't make all the decisions. Today we ask you to help keep Change.org free and independent. Our job as a public benefit company is to help petitions like this one fight back and get heard. If everyone who saw this chipped in monthly we'd secure Change.org's future today. Help us hold the powerful to account. Can you spare a minute to become a member today?I'll power Change with $5 monthly