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Bob and Sue Leirdahl, owners of MegaCars dba AAMCO Transmissions along with the assistance of the AAMCO Girls of Puget Sound (consisting of Sue Leirdahl, daughters and AAMCO women employees) donated a 1995 Jeep Grand Cherokee Laredo to a Fort Lewis Wounded Soldier and his family on March 17, 2009 at the Lakewood/Tacoma AAMCO Transmission Center.

The Fort Lewis Soldier was injured in Iraq and diagnosed with a Traumatic Brain Injury. He returned home to his expectant wife and two children. The AAMCO Girls of Puget Sound learned about the wounded soldier through an organization called Operation Homefront of Washington. This organization supports our troops and families in their time of need.

AAMCO Transmissions of Puget Sound (Lakewood/Tacoma, Olympia, Puyallup, and Bremerton Centers) offer discounted automotive repairs to soldiers who are involved in the Operation Homefront program. This particular soldier and his family needed transportation to get to and from numerous doctor appointments and were relying strictly on public transportation. The wounded soldier brought his car into the Lakewood AAMCO Transmission Center to get an alternator repaired, but after AAMCO did a complete inspection of the vehicle, they found that the vehicle’s engine needed to be replaced. Due to the year and condition of the vehicle, the cost of replacing the engine would not be worth the expense to Operation Homefront. Bob and Sue Leirdahl had a perfect family owned Jeep that would fit this family nicely, so they informed the AAMCO Girls of Puget Sound to get this Jeep ready for donation to Operation Homefront Washington.

The AAMCO Girls had the Jeep fully inspected by their AAMCO technicians and sought out additional donations from AAMCO’s local business partners who were more than willing to offer their services to honor the wounded soldier and his family for their sacrifice to our country. It’s amazing and very heartwarming to see how many people and businesses want to donate their time and services for such a great cause.

You can follow the AAMCO Girls community involvement efforts through their web site: www.aamcogirlsofpugetsound.com.

For more information contact Brittney Leirdahl at brittney@aamcogirlsofpugetsound.com

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Federal Reserve Press Release

Release Date: March 18, 2009

For immediate release

Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.
In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in the longer term.
In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months. The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets. The Committee will continue to carefully monitor the size and composition of the Federal Reserve’s balance sheet in light of evolving financial and economic developments

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.