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With the current setup of using the electoral college, your vote doesn't really matter in 40 states. I'm in Illinois for instance and Obama will win the state with ease, whether he wins the state by 1 vote or 20 million votes, he gets the same electoral points.
I'd also say another reason is lack of choices. The two party system blows and we aren't given much in terms of choices. These are hand chosen candidates by each party and a regular guy doesn't stand a chance.
So shitty choices and vote not mattering are two big reasons.
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