Isaiah 53 and Penal Satisfaction View of the Atonement

The Penal Satisfaction View of the Atonement, briefly, is the understanding that the purpose of Jesus' death was to satisfy the wrath of God against sin. God is absolutely holy, and his holy nature requires the sin be punished. Because God is just, he must punish sin. Thus, because God loved the world so much, he sent his Son Jesus to die and bear the punishment as a substitute for our sins. God poured out his wrath upon Jesus (instead of us) when Jesus died on the cross, so that whoever might believe on him would be united with him in his death so that the believer's sin debt would be paid.

This position is not universally accepted. Some Wesleyan theologians and Eastern Orthodox strongly oppose this. Isa 53, however, is very clear on this subject.

Here are the points one must touch when looking at Isa 53.

1. the Servant was wounded for our transgressions
2. the Servant was inflicted with the stripes of whips for our healing
3. the Servant had the iniquities of us all laid upon him
4. the Servant was but put to death for the transgression of the people "to whom the stroke was due,"
5. Yahweh was pleased to bruise the Servant
6. Yahweh put the Servant to grief
7. the Servant's soul was offered as a sin offering
8. Yahweh will see the travail of the Servant's soul and be satisfied
9. the Servant will bear their iniquities
10. the Servant bore the sins of many
    

In sum, God wounded, bruised, whipped, grieved, and put Jesus to death as a sin offering for our transgressions, and thereby was "satisfied." If this isn't penal satisfaction, then I don't know how else the prophet or the Apostles could make it clearer.