I do not think that word means what you think it means

On the radio these days, you might hear Jill Phillips singing a Pierce Pettis song called “God Believes in You.”  Pettis has written some beautiful lyrics, but this particular song makes me scratch my head.  I’m not sure what he means when he says God believes in me.

Merriam-Webster‘s definition for “believe“:
intransitive verb
1 a : to have a firm religious faith b : to accept as true, genuine, or real (ideals we believe in) (believes in ghosts)
2 : to have a firm conviction as to the goodness, efficacy, or ability of something (believe in exercise)
3 : to hold an opinion : THINK (I believe so)
transitive verb
1 a : to consider to be true or honest (believe the reports) (you wouldn’t believe how long it took) b : to accept the word or evidence of (I believe you) (couldn’t believe my ears)
2 : to hold as an opinion : SUPPOSE (I believe it will rain soon)

God has a firm religious faith in us?  God accepts us as true, genuine or real?  God has a firm conviction as to our goodness, efficacy, or ability?  God holds an opinion on us?  God considers us to be true and honest?  God holds us as an opinion?

None of the above?

I get the feeling Pettis had good intentions when he wrote those lyrics, but I think they communicate the wrong idea.  It sounds like a song that says God is a bit of a cheerleader rather than our sole source of strength.

Am I misreading the song?  If so, what do you think Pettis meant when he wrote the song?  Is there Biblical support for the idea that God “believes in” us?

How would you rewrite that line?