What Al Sharpton said is accurate.
Many people have implied that he said that Mormons don't believe in God.
What he said was that people who believe in God won't elect the Mormon.
And, seems as how Mitt Romney, who it can only be assumed that Sharpton meant by "the Mormon," is currently polling fourth in major polls behind someone who isn't even in the race yet, I think that Sharpton was right.
Remember, the majority of people believe in God.