In response to point 2.
The desire to remake the Bible into something that is less than perfect is an affront to the holiness and majesty of God. By pretending the Bible is not inerrant, we are reducing and undercutting Scripture’s authority. In postmodernizing the Bible, we are in danger of reducing Scripture to just another discipline. He has given Scripture the same weight as science, history, language, psychology, and other religions. This approach definitively separates God from His Word in Scripture.
In the opening words of Paul’s letter to the Roman church, he identifies himself as “Paul, a bondservant of Jesus Christ, called to be an apostle, separated to the gospel of God” (Romans 1:1). Notice Paul does not say the gospel about God or the gospel concerning God. It is the gospel of God in the sense that it belongs to Him and comes from Him. If we are to assert that God is perfect and holy, which the Bible does, then we must affirm that what comes from Him must also be flawless and holy. Yes, a gospel about God could err, but a gospel from God can not, nor ever err. Paul later in his letter describes his unashamed boldness in preaching this gospel of God (Romans 1:16). One must ask why he is so convicted in what he says. And the answer is simply because it is not the gospel of men but the gospel of God he preaches.
I see several flaws in this postmodern methodology to Scripture that lead to a man exulting, man centered theology. To strip the Bible of its inerrancy is to strip it of its authority. If the Bible is not flawlessly perfect, then God’s Word becomes reduced to just another history book. This approach allows us to throw out whatever we don’t like, and the result is a man made god. The result is a divine butler who is loved by moderns and postmoderns alike because he serves us under our lead.