In my mind, a cheap tool is one that can not hold up to the work or accurately 
reproduce results.  Take a cheap tablesaw.  My
previous contracter saw, was cheap.  When returning the blade to 90 degrees 
after making bevel cuts, the blade would always become
out of line with the miter slot.  I would always have to readjust the trunion.  
Also,, if I would move the fence to the left side
of the blade, for any reason and clamp it down, I would have to re-square the 
fence again on the right.  I think I spent as much
time cutting as I did adjusting on that saw.  I had a cheap router that 
wouldn't maintain depth setting and wouldn't always hold
bits securely.  I was assured by the manufacture the router was in perfect 
working order.  The only guide bushings available for
the router were plastic (which didn't hold up at all).  (not only cheap; but, 
dangerous)

Terry
On Thu, 08 Jan 2009 09:50:31 -0600you write:
>
>Somethimes though, what makes a tool cheap or perhaps of less quality is 
>inviting.  I bought a light weight cheap table saw last S
>ummer precisely because I can move it easily.  I have to use this on a rather 
>uneven surface, so wheels, unless they were adjustab
>le, aren't really an option. 
>

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