Ignore bobchrist, the domain name does matter. I have personally had a site rank 7 on google for search terms in the domain name that did not appear in the site's content. The domain was 10+ years old and stable with its content.
When you google something do you notice that it bolds the keywords you searched for that also appear in the domain name? The code they have for "Did you mean...?" when you're searching also helps them extract individual words from domain names for ranking, they have a firm grasp of the english language and words comprising a domain name.
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