"tom..." has summed up not only durable goods (spec. tools), but literally everything that's being imported from Asian countries...except silk dressing gowns, woks, and chopsticks.
Well said tom.
Do a bit of research and when you decide on a solid brand, you may want to look at buying from non-traditional sources, like pawn shops, yard sales, estate auctions, flea markets, farm auctions, and so on.
Often, old timers bought quality products back in the day, and they surface every now and then.
They may be a bit worn, but the beauty of older machinery is they used standard industrial grade bearings, bushings, fittings, etc. and those parts may still be available. So with a bit of inspection and elbow grease you can refit a relic, and bingo: you've got a superior machine tool that will do the correct job for years to come.
One source for these bearings, etc. is WW Grainger.
Check 'em: http://www.grainger.com/Grainger/static/products.html
They also carry quality blades, which can make a big difference in operational dependability.
Regarding speed settings: Usually this is accomplished by stepped pulleys: one on the motor & one on the drive. The more 'slot' positions, the greater the range of speeds. 4-5 for my needs (both wood and metal working) seem to be acceptable.
Happy hunting.