It's an atheist's "Strawman" version of the truth of Scripture. A "Strawman" is a weak, cartoonish version of a view, or argument, that is easy to knock down. It is offered as an accurate representation of the view or argument, though, so if you don't know the truth yourself, it can deceive you into thinking it is accurately stating things. If you want a good, biblical answer to the "Strawman" that is set up in the meme you linked to, you can read Paul Copan's book, "Is God a Moral Monster?"