The hymn is one of the all-time favorites, and anyone who isn’t move to stand and deliver when it is sung just should avoid church.
Beside being a great hymn, its message, from Lamentations chapter 3, is that our God is a God of renewal. That every day we can start anew, and that God’s mercy is not just infinite, but a renewable resource.
22It is of the LORD’s mercies that we are not consumed, because his compassions fail not.
23They are new every morning: great is thy faithfulness.
24The LORD is my portion, saith my soul; therefore will I hope in him.
25The LORD is good unto them that wait for him, to the soul that seeketh him.
26It is good that a man should both hope and quietly wait for the salvation of the LORD.
The Lord’s mercies are new every morning. Think on this, every morning, when you awaken.