|"Let's see whihc greedy multinational company should I bankrupt now?"|
Hillary Clinton may not be president, but she's moving the markets like she is one. For the second time in three weeks, the front-runner for the Democratic nomination wiped millions of dollars off the value of an industry with a single tweet.
On Friday, private prison stocks dropped sharply after Clinton said the U.S. needed to “end the era of mass incarceration.”
“We need to end private prisons. Protecting public safety...should never be outsourced or left to unaccountable corporations,” she said in a tweet drawn from comments she made during a speech on the criminal justice system in Atlanta.
Corrections Corp. of America fell more than 6 percent, lopping off approximately $200 million in value, while GEO Group Inc. dropped 4.2 percent, losing about $100 million.
Earlier this month, biotech stocks tanked after Clinton slammed Turing Pharmaceuticals for increasing the price of a drug by 50 fold. “Price gouging like this in the specialty drug market is outrageous,” she tweeted at the time.
She is not even in the White House yet, and yet she already has huge corporations shaking in their boots that she might target them next.
I would imagine that the NRA, the folks behind the Keystone XL pipeline, and Exxon are all stuck in the fetal position over recent remarks by Hillary as well.
That is the kind of power I want to see running this country. And let's face it as much as we might like other candidates, NONE of them carry a stick this big.
In other news a recent poll shows that Hillary now leads Bernie by 20 points.
And considering that the Republicans are now eating their young right out in public I do not think there is much standing in Hillary's way at this point.