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A supreme irony regarding the possibility of Tom DeLay going to prison.

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barbaraann Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 11:50 PM
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A supreme irony regarding the possibility of Tom DeLay going to prison.
"...The company (Corrections Corporation of America) last year contributed $100,000 to the DeLay Foundation for Kids, a charity established by U.S. Rep. Tom DeLay. DeLay resigned as Republican majority leader last week after he was indicted in connection with a Texas political fundraising scandal."

Now, let's delve deeper:

"...Founded in 1983, the Nashville, Tenn.-based company has grown into a behemoth that employs 15,000 workers to oversee 62,000 inmates, including about 1,830 inmates from Hawai'i. CCA reported revenues of $1.15 billion last year, and last week became Hawai'i's sole provider of Mainland prison space.

The company is expected to collect $36 million from Island taxpayers in mostly nonbid contracts this year.
...
In the late 1990s, CCA teetered near bankruptcy as thousands of beds remained empty and states began withdrawing inmates from private prisons. A surge of new contracts from federal agencies seeking space for increasing numbers of criminals and immigration detainees helped the company rebound in recent years."

http://www.honoluluadvertiser.com/apps/pbcs.dll/article?AID=/20051003/NEWS01/510030310/1190/NEWS


So, the GOP sold many Americans on privatization and then quietly carried out NO BID privatization and took CONTRIBUTIONS from companies getting NO BID contracts. It's not just Halliburton. In addition, the FEDERAL GOVERNMENT started to need a lot of space for increasing numbers of criminals and immigration detainees and the Patriot Act allowed the federal government to hold suspected criminals INDEFINITELY AND WITHOUT CHARGES.

Check out their stock price chart:
http://finance.yahoo.com/q/bc?s=CXW&t=my&l=on&z=m&q=l&c=


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