"Barth argues that to ascribe the salvation or damnation of humanity to an abstract absolute decree is to make some part of God more final and definitive than God's saving act in Jesus Christ. God's absolute decree, if one may speak of such a thing, is God's gracious decision to be for humanity in the person of Jesus Christ." - http://en.wikipedia.org/wiki/Karl_Barth#Election
I think that pretty much sums up my personal conviction with regards to election. Not the IEC approved election, but rather the one that forms part of the Christian faith. If you're not 'au fait' with this election, pretty much the debate centres around whether or not God has predestined certain people to be Christian or not.