The Electoral College system is specified in Article 2 Section 1 of the US Constitution. 1. Your assessment of it being "antiquated" is your opinion, not fact. 2. Your claim that "the populus wants repealed" is an unsubstantiated claim. That statement is also both grammatically and syntactically incorrect. 3. The politicians "keep it around" because it would require a Constitutional Amendment to alter what's written in the Constitution. Why do you hate the Constitution so much?
The Electoral College is still important as it protects the presidency from impassioned but transient third party movements. It also practically forces third party engagements into one of the two chief political parties.