No it wouldn't. There would be a 5 minute story about decreasing voter turnout and the rest of the hour would be spent talking about who got more votes than the other guy.
The only thing that would change the system is if there was a legitimate 3rd party. And people are very scared of 3rd parties right now after seeing Ross Perot giving the election to Clinton and Ralph Nader giving the election to Bush. Even on a local or state level, people are afraid that a vote for a third party will result in their least desireable candidate being elected.
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