Although Mr. Waldman, in chapter three of Mary Shelley's Frankenstein, does not specifically compare modern chemists to God, or god, he does state that they possess "unlimited powers." Therefore, readers can infer the comparison. In fact, Waldman goes on to state that the modern chemists can "command" the weather (specifically the thunder, which is typically associated with Zeus (the god of the gods). He also states that they can "mimic the earthquake" and "mock the invisible world." These types of powers are typically saved for those with omnipotent power. Waldman compares modern chemists to gods in order to suggest the power they possess. He fails to immediately see the impact his words have upon Victor.
Waldman's words, here, are the specific words which Victor credits with his own fate, or his destruction. It is Waldman's reference to the god-like nature of the chemist which peaks Victor's interest to "unfold to the world the deepest mysteries of creation."
M. Waldam's professor is Victor Frankenstein's professor. He believes that the study of chemistry "can unfold the deepest mysteries of creation." Consequently, chemists can then be likened unto the original creator or God. With his knowledge of chemistry Victor Frankenstein fashions his creature, playing God and giving life to an entirely new kind of species he fails to adequately nurture.