Significance of Fundraising in Campaigns

*Describe the significance of money in a modern presidential election campaign.  How does the government regulate the fund-raising and expenditures of presidential campaigns?  Is the government regulation adequate? Explain.

In a modern presidential election campaign, people who are most likely to run and most likely to win, are the candidates that have or can raise the most money. Politics is a money game, it's about finding investors with deep pockets that have a concrete stance on an issue that you have the same stance on. And towards the end of a presidential race, there are usually only two candidates left because the other candidates run out of money.
By putting caps on donations and the amount of money that candidates can spend, the government regulates campaign spending. If an ad campaign contains advocacy for the candidate, it is considered an independent expenditure under the Federal Election Campaign Act, and there are no limits on the amounts that may be spent on them. But if a media campaign does not contain advocacy for a candidate, but rather discusses their actions, voting record, or position on an issue, funding for these don't have to be regulated primarily because freedom of speech is protected under the First Amendment.