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Fruechtenbaum said:
“But Jesus has never yet sat on the Throne of David ruling over a Kingdom of Israel.”

What a ridiculous and false statement! He has merely conquered sin, death, and hell, ascended into heaven, and sits at the right hand of God. Of which David himself said, “The LORD said to my Lord, ‘Sit at My right hand, till I make Your enemies Your footstool.’ The LORD shall send the rod of Your strength out of Zion. Rule in the midst of Your enemies!” (Psalm 110:1-2)

The true exegesis of these words of David are given in Acts 2:29-36. The words are those of Peter, spoken to his own people on Pentecost in the temple courtyard. But the exegete is God the Holy Spirit. His point is that Jesus is enthroned in heaven at the right hand of Father, and that this is the throne that was promised to David’s Descendent, the throne that will endure forever. The conclusion rolls like thunder across the centuries: “Let all the house of Israel therefore know for certain that God has made Him both Lord and Christ, this Jesus whom you crucified.” (Acts 2:36)

Arnold Fruechtenbaum is as false a prophet as Harold Camping.

As far as the interpretation of the Old Testament goes, I will trust Jesus’ words in John 5:39-40 above all others. Everything promised to David in regard to the eternal throne, kingdom, and people guaranteed by God to Him are fulfilled in Christ, who now sits on the throne of David gathering His people both Jew and Gentile to Himself through the proclamation of the blessed Gospel. At the same time as He, the Good Shepherd and King, is gathering His lost sheep in every corner of the world, His enemies are being put under His feet, until that great day when all will stand before Him, the sheep on His right and goats on His left, and the full penalty of unbelief will be carried out.

The trouble with Fruechtenbaum is that he is as fixated on Revelation 20:1ff. as the pope (or more properly, the papacy) is on Matthew 16:19. Each demands of all people that his own personal, private (yes, I am using that term in reference to 2 Peter 1:19-21) interpretation of his key verse be accepted; and thereafter that it become the lens through which all the rest of the Bible, Old and New Testament, must be viewed, understood, interpreted, and believed. All who place themselves outside of that demand are called heretics, and are damned. Both will dance around the damned part, because it doesn’t make for good public relations, but in the end that is both the demand and the threat. The simple truth is just the opposite, that both of these sets of verse are to be understood in the light of the thousands upon thousands of other verse in the Bible, which are the mind of the Holy Spirit. He who is their Author alone has the right of interpretation. All other interpretations are by definition private, unauthorized, and false.

The immovable center of the Bible is Jesus Christ, the Son of God and Son of Man. He is the light that brings light to the Gentiles and He is the glory of His people Israel. In Him Jew and Gentile are one, and beloved of the Lord. The Church does not replace Israel, no. In Christ, Israel, the Israel of God, has conquered the world in grace, and His kingdom will be peace.

Bottom line: I reject Arnold Fruechtenbaum as a false prophet because Scripture, Scripture alone, demonstrates it. And it doesn’t even take that many verses to do it, although they could be marshaled by the hundreds if not thousands. Dispensationalism is false doctrine, period.