Correct. It never really was, but as the country's polarization increases it becomes less and less a reflection of the people's will. If three quarters of the country can vote for you and the other candidate _still_ wins, that's a deeply flawed system. (discussion at http://boards.straightdope.com/sdmb/showthread.php?t=569298)

Until this century we mostly just got lucky, with only two misalignments in the 19th century.

We essentially have a rotten borough problem, though few want to acknowledge it. https://en.wikipedia.org/wiki/Rotten_and_pocket_boroughs

Ideally we'd go to preference-based voting, but just eliminating "let's make votes from rural areas vastly more important" as a voting system would be a huge start.