Your pics make it look like the shafts are not parallel. the bolt that holds the idler pulley - it looks like the bolt that holds the idler pulley is bent or the holder is bent. Definitely make sure the shafts are parallel.
slomo: I got mine with a wisconsin motor for $20. It was missing the carb and intake pipe. So long as i don't leave it out in the rain for a year, I think it will outlive me.