The fabric will help a poor area, and speed up the time you can use a driveway, but it's not going to solve any problems. Most of the time it's used as a placebo to make people think they are doing something, when they really haven't.
If you lay down the fabric, you will still need to add at least four inches of road base gravel over it for it to lock together and become solid.
If you have a bad spot, you will still have a bad spot after you put down the fabric and 4 inches of rock.
My guess is that you don't need four inches of rock over your entire driveway. To properly fix your wet spot, you either need to wait for it to completely dry out, all the way down, or you need to dig up the mud and replace the soil with dry soil, compact it, and then add rock to the top of it. Mix the new rock with the old rock of the road, compact it and then get it wet, and compact it again.
Build it up so water runs away from this bad spot, and in a year or two, you won't remember where it was.