WOW! Thanks everyone! I dental flossed the tension. Then went in for the kill on the bobbin. It was the first time I took a bobbin assembly apart and boy was it nasty . . . black and stickey AND it looks like someone had taken it apart before. It was put together wrong. The "shark" was misplaced and the bobbin was spinning everywhere.
With a lot of help from you here and online tut, I managed to disassemble, clean and reassemble. She is now purring and stitching like a 201 stitches. Love these machines. Next chore is refinishing the cabinet.
I am now a pro (ha ha!). Going to clean the rest of my bobbin assemblies.