Corrections Corporation of America (CCA) CEO Damon Hininger said this week that he expects profits to soar under the new president’s immigration policy.
Although CCA’s stock dipped over the summer after the Justice Department announced plans to phase out the use of private prisons, Donald Trump’s win caused the company’s share price to skyrocket 43 percent on election day alone.
In a Tuesday interview with CNBC, Hininger said that CCA, which recently began rebranding itself as CoreCivic, saw a several opportunities in the first year of Trump’s presidency, including a need for increased detention capacity for the housing of undocumented immigrants.
“You guys profit if there’s more people in jail,” CNBC host Brian Sullivan noted. “And that’s not a way any company should be run. You have contracts and limits that say, well, you need to have 90 percent occupancy in a prison.”
Hininger argued that Sullivan’s charge was “baloney” because the company encourages inmates not to re-offend by offering education and vocational programs.
“We’re providing a great service!” the CEO insisted. “We’re making sure these individuals once they’re released, they can support themselves and their family and not come back into the criminal justice system. That’s great value to the government.”
Hininger said that the company could “look forward to” a number of favorable circumstances in the next year under the new president.
“First of all, there’s immigration,” he explained. “If there is a need for more detention capacity on the border, we can provide that solution or if there’s a unique population that we need to help serve with ICE.”
Additionally, Hininger sees an upside in Trump’s promise to rebuild infrastructure, which he believes can be provided by the private prison industry.
“A lot of discussion with the Trump administration about criminal justice reform,” he promised.
Watch the video below from CNBC, broadcast Dec. 20, 2016.
Russian Twitter propaganda predicted 2016 US election polls
But one conclusion was unequivocal: Russia unleashed an extensive campaign of fake news and disinformation on social media with the aim of distorting U.S. public opinion, sowing discord and swinging the election in favor of the Republican candidate Donald Trump.
Beto O’Rourke calls for a ‘war tax’ in release of health care plan for veterans
The Democratic presidential candidate uses his eighth policy announcement to focus on an area that he prioritized in Congress.
Democratic presidential candidate Beto O'Rourke on Monday morning released a plan to improve the lives of veterans, returning to an area of priority during his time in the U.S. House for his latest 2020 policy rollout.
In keeping with measures he supported in Congress, the plan calls for a "responsible end" to the wars in Iraq and Afghanistan — reinvesting $1 out of every $2 saved in veterans programs — and the creation of a Veterans Health Care Trust Fund for each future war. The fund would be paid for by a "war tax" on households without service members or veterans.
Conservative Ben Shapiro tweeted something many found offensive — so now he’s calling his critics ‘garbage’
Right wing "thought leader" Ben Shapiro appeared today to say not using the "N" word is nearly impossible as he defended conservative, pro-gun teen Kyle Kashuv, one of the Parkland survivors who just had his acceptance to Harvard rescinded over his racist remarks, which included repeated use of the "N" word.
To be clear, Shapiro denies that's what he meant.
Here is Shapiro on Twitter, in what many took as him appearing to call not using the "N" word – in Kashuv's case, repeatedly, over and over and over again, "an insane, cruel standard no one can possibly meet."