Though I agree with you that the rankings do not in any way reflect the quality of your education, the rest of your message sounds like it was taken write out of a Stanford handbook. The Dean there is notorioius for touting this "amount per investigator" but who really cares? It's just something Stanford happens to be relatively good at, so they are pushing to have it in the rankings. In other words, they, too, want to play this little game. But what good does that do the students? It's all about CHOICE of research options, and amount of money per investigator in no way translates to more choice of research options for the students. It actually translates to less. None of us are looking to win a nobel prize--we are looking to get our feet wet in a very specific arena, and more money per investigator and less money total translates into LESS specificity and LESS choice. For this reason US News will NEVER rank "amount per investigator" because it is a totally meaningless ranking. What if Emory had 1 investigator who got $170 million dollars per year in NIH funding? Should then Emory be #1 in research, and does this translate to a better quality research experience and more research arenas for medical students at Emory than let's say at Harvard where there are 900 investigators each with $1 million/year in funding?
But I agree that the US News rankings are terribly flawed because each school is an individual choice for people to make. They in no way rank location and educational experience because these are too personal of decisions. But these things translate more than anything else into creating a good doctor. Too many people treat this list as if they were shopping for cars. These are not products and commodities you are purchasing, this is YOUR life we are talking about, and no one elses. You are not shopping for a car to drive around and look cool in. This is 4 years of your life (at least) and your very own learning experience. US News in no way touches on this very real reality.