The Three Most Important Letters in America

The Obama administration is bailing out GMAC, the auto finance arm of GM. Unlike the financial services bail out of large banks, a failure at GMAC (if it came to that) doesn't pose a systemic risk to the financial system.

So why is the Obama administration forking over up to $20 billion to save GMAC?

Could it have anything to do with what we have learned are the three most important letters in America: UAW?