This is correct. The U.S. President is elected by vote by the Electorate College.
The President-elect is Barack H. Obama.
The electors or Electoral College.
Joseph Biden is the Vice President-elect of the United States.
People over the age of 18 who are registered to vote and are registered citizens of the US.
The US is not a bureaucracy since it is a republic and relies on the people's vote for electing politicans. The president is not directly voted upon by the people (regardless being a popular vote), but the people elect officials who then elect the president, so it's an indirect system.
Joe Biden is the Vice President elect for the 2008 election.
US citizens who are registered to vote elect delegates to the Electoral College, and the Electoral College elects the president and VP.
A woman for a change.
eight years
2012
President elect Barack Obama
congress