
For the institutional church, it is as if the New Covenant does not exist, because essentially nothing has changed in mankind's spiritual status since Christ. If human knowledge and effort ultimately determines one's standing before God and if God still recognizes and exclusively blesses an arbitrarily chosen few, then the accomplishment of Christ is completely trivialized. The very institution which claims to promote and honor Christ is actually denying His transcendent message about God's marvelous Love and Mercy for all."
knowingtodaysgod.com/articles/What%20is%20Really%20Different.htm
http://preteristheresy.blogspot.com/2008/04/stupid-arguments-without-70ad-no-new.html