When Jesus said, I am, he was claiming to be the eternal one, the God of redemption, who came to redeem his people from their sins. He demonstrated his power over sin, spirits, Satan, and death, and his sovereignty over salvation. The Jews should have recognized and worshiped him as the I am, but they failed to do so, and as a result, they were destroyed. This Christmas, it's essential to remember who Jesus is and respond with worship, rather than casting stones at him or calling him a blasphemer.
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