Psalms 33:12-15

Verse 12

Blessed is the nation - O how happy is that nation which has יהוה Jehovah for its אלהים Elohim; the self-existent and eternal Lord for its covenant God; one who should unite himself to it by connections and ties the most powerful and endearing! The word אלהים Elohim, which we translate God, refers to that economy in which God is manifested in the flesh.

The people whom he hath chosen - The Jews, who were elected to be his heritage, whom he preserved as such for two thousand years, and whom he has reprobated because of their unbelief and rebellion, and elected the Gentiles in their place.
Verse 13

The Lord looketh from heaven - This and the following verse seem to refer to God's providence. He sees all that is done in the earth, and his eye is on all the children of men.
Verse 15

He fashioneth their hearts alike - He forms their hearts in unity; he has formed them alike; they are all the works of his hands: and he has formed them with the same powers, faculties, passions, etc.; body and spirit having the same essential properties in every human being.
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