Wondering if I can get some help on an issue...
I JUST picked up my shopsmith, got it home, and was looking over all the parts and just getting to know it.
Powered the unit up and increased the speed..when it just shut off. No flash. No bang. No crash. Just stopped.
Figured I blew a fuse. Checked the fuse box and nope. Switched outlets. Nothing.
So I got online and started looking around. Figured it must be the power switch. Got online and ordered a new one.
From a few video's and forum posts I figured I knew enough to go out and pull the old one to get ready when the new one arrived.
Looking inside I see this:

On that white wire it LOOKS like the insulation has been ripped off. It's rough when I run my finger across it.
I remember when I purchased it the old owner said something about "the only thing I have ever had to do to it is replace the power switch". Wondering if he left those wires too close to the sheave?
Could that have caused my issues? Is the motor fried in this thing?