Harbor Freight - ITEM # 38119 5 Speed benchtop Drill Press (Rating: 3)

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For a cheap way to drill straight holes you can't beat it. More for the hobby woodworker though. Unlike everything else I have bought from Harbor Freight assembly was very simple. My only complaint is the power. On the lowest speed(620rpm) I can stop the chuck in my hand. Although with a 1" forstner bit it will go right through oak/ walnut without any trouble. Anything bigger and you might as well give it up. But, for 69.99 then a 20% coupon I can't complain. Just don't expect arm breaking torque.