I was using my Black and Decker 3/8" 4.5A corded electric drill model DR300, and it began running poorly in the forward direction, but seemed OK in reverse. It ran about half speed, and smelled like something burning. My guess was that it might be worn brushes. So I opened it up:
Sure enough, the brushes were worn more on one side than the other, which effectively caused the brushes to be misaligned. The forward/reverse lever actually shifts the brush holder about 30 degrees.
Sorry about the poor focus. I used a round file to restore the correct shape to the brushes, and cleaned the commutator with contact cleaner spray and Scotch-Brite pad.
It runs almost like new now.

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