We dispies get a lot of flak from spiritualizing Christians... which is not a point of their personal salvation but is a definite theological disagreement between us.
Anyhow... newness or not of the theology, and it does jibe rather well with the Bible, I have never seen a better explanation in a Christian context for why such evil falls upon Jews while at the same time they produce so much goodness. Clearly the black hate mongers who first screamed about George Zimmerman were not protesting the participation of Jewish people at the crucifixion scene! (For which Jesus Christ very notably begged their forgiveness, not so incidentally.)
One doesn’t have to be a dispensationalist to accept the biblical teaching of the Jews as God’s convenant people generally, and that they should be protected and helped in the face of injustice.
However, the New Testament clearly teaches only those who trust in the Jewish Messiah, Jesus, will be saved.
Therefore there is one covenant people ultimately, and gentile followers of Christ are grafted into that covenant people—the Jews—who go all the way back to Abraham.
According to all forms of orthodox Christianity though, Jewish people, just like gentiles, are only saved by faith in Jesus...so there is one covenant that saves, that sealed in Christ’ blood, and finally one covenant people.
“There is neither Jew nor Gentile...for you are all one in Christ Jesus. “ (Gal. 3:28)
A covenant is like an offer with a promise: “Believe on the Lord Jesus Christ, and thou shalt be saved”(Acts 16:7), and that offer with a promise, that covenant, was made (and still is made) to the Jews—and since Jesus came—has been extended to the Gentiles. Hence are Jews the covenant people? Yes...and so is anyone who hears that offer—including gentiles.
However, covenants, in the ancient near east form, ALWAYS have not just blessings—if you accept and follow the terms—but CURSES, if you refuse. Hence being “God’s covenant people” doesn’t save an individual—rather it makes him in a position to accept or reject God’s terms...and those terms for 2000 years...are faith in Jesus Christ.
This is why non-dispensational types like I am, get nervous when dispensationalists push the Jews—most of whom now reject Jesus—as God’s special covenant people, because, so what? If they don’t turn to Jesus, that special status just makes things worse for them at judgement day.
Radical dispensationalists like Rev. Haggee even go so far as to say non-believing (in Jesus) Jews are somehow saved by their covenant status...something Peter would be very surprised to hear—given his preaching in Acts 2 and forward.
Should Christians especially respect the Jews and help Israel...praying for the peace of Jerusalem? Of course! They really are special to God—none the less, so are followers of Jesus, Christians, as God has extended His covenant in Christ to gentiles as well....and is creating one people to follow Jesus, not two....