The Electoral College was set up to keep us from voting in someone like Paris Hilton if education in our country ever went completely down hill and since education in our country is currently rather sucky we maybe relying on them within the next twenty years or so. As for terms four years is a good number in my opinion.
No, every electoral college vote doesn't count. Some entire states don't even count. The electoral college was a good idea at one point in time but now I somewhat think it's antiquated. It did save us from Al Gore, but Bush wasn't much better.
The electoral votes fail when the electoral voter is bias rather than being fair and making an impartial vote based on the leaning of the popular vote of the state. ex. if the whole state votes for obama, they shouldn't give it to Romney.
@Blood1991: There is good education in America, you just have to follow the money (which alot of Americans don't have)
I find it sad that because a child is born in a household with less income they are not given the same opportunities for education as someone born in a high income home, but that is simply the world we live in I suppose.