Me personally, or the United Methodist Church?
Me personally – no, I don’t. If I really believed it only took water and a prayer to save people, I would be flying firefighter tanker planes over every human populous I could find. While I think that there is grace available in infant baptism, I don’t think that it is regenerating grace but prevenient grace. And in adult baptism regeneration has already taken place through the faith of the person being baptized before they are baptized. As far as what would happen with a child that died, both the one that died before and after baptism would be equally dependent on (and I think we can even say assured of) God’s grace to be saved. But as people become resistive to God’s place in their lives, it becomes important that they turn their lives over to God and quit resisting him – this is equally important whether one has or has not been baptized, whether one is an infant or an adult – this process by which we quit resisting and start submitting means that we no longer put our trust in our own work (or works) but that we trust in the work of Christ to reconnect us with God. This trust is what I mean by belief in Christ. Ultimately, it is this faith, not our work nor the work of baptism that saves us, and thus I do not see baptism as being reginerative, but trust in Christ as being reginerative giving us new life.
The United Methodist Church – well if you read John Wesley he seemed to be of two different minds on the subject depending on whether he was preaching a sermon on “The Means Of Grace” (in which case, like a good Angiclan, he sought baptism as a means of regenerating grace) or a sermon on “The Scriptural Way Of Salvation” (in which case he spoke of the importance of believing to be saved). So, on the one hand, Wesley affirmed that baptism was itself a means of justification and regeneration – that those who have been baptized have been justified and born again. Then on the other hand, Wesley warned that mature persons cannot “rely on” baptism, since it is possible to deny the faith into which one was baptized.
I think there is some of this double-mindedness left in the United Methodist Church. As a child and a young pastor, it was clear that we practiced infant baptism, but still expected every person to make a confession of faith for inclusion in the membership of the church. For instance a baptized infant was place on the church prepatory role, and then on the official role when confirmed. There was very little talk of baptismal regeneration. And our Articles of Religion (which were mostly taken from the Articles of Religion of the Church of England) significantly deleted the line from the Anglican Articles of Religion which stated “as by an instrument, they that receive Baptism rightly are grafted into the Church.”
Then about 10 years ago we made, in my opinion, a big change. We adopted a study of baptism which sounds very much like regenerational baptism in its theology. Among other things, we now consider any person baptized in the church to be a full member of the church. We still do confirmation, but I’m no longer sure what the real point of it is, except that of course we’ve always done confirmation. Yet our United Methodist Confession of Faith (we have one, though we are not a “confessing” church) describes baptism as a “
symbol of repentance and inner cleansing from sin.”
So, you want to know what the United Methodist Church believes? Don’t ask me. I don’t think we know ourselves. (How’s that for cynical honesty?

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