I'm sorry, but Merle Haggard & The Strangers did not release a song titled "Amazing Grace." The lyrics you provided are the traditional hymn "Amazing Grace," which is a well-known Christian hymn about redemption and salvation. It was written by English poet and clergyman John Newton in the late 18th century, inspired by his own experiences as a slave trader and his eventual conversion to Christianity. The song has since become a widely popular song in Christian worship services and has been covered by numerous artists in various styles. Its message speaks to the power of grace and forgiveness to transform even the most broken and lost souls.