What impact does campaign finance play on an election?

To quote the great political philosopher Cyndi Lauper, “Money changes everything.” And nowhere is that proverb more taken to heart than in a federal election, where billions of dollars are raised and spent on the understanding that money is a crucial determinant of whether or not a candidate will win.

Political campaigns involve considerable expenditures, including travel costs of candidates and staff, political consulting, and advertising. The need to raise money to maintain expensive political campaigns diminishes ties to a representative democracy because of the influence large contributors have over politicians.

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Yes it has . that is why fake news is such an issue