I still think they should say noone can be elected unless they can get a majority of those entitled to vote to vote for them.
Just think of all the hoops they'd have to jump through to get a result like that? They'd really have to go out and persduade people that they were worth voting for. And I can't see Bush or Gore doing it.
You might have to rerun the election a few times, and get by without a President for a bit, but that mightn't be such a bad thing. And it'd be very educational.
Maybe they'd have to bring in good music to do it, like in "Oh Brother where art thou"...