Well gentlemen, I think I finally found the solution to the problem.
Since my last post I purchased rebuilt Rochester carb and put it on. It was running great on the trailer so last Saturday I took it out. I everything went fine in the no wake zone. As soon as I got it out and throttled up and on plane, the engine stopped. Stranded in the middle of the lake for about the 7th or 10th time, actually already lost count, I took off the fuel line to the carb and had my nephew crank out some gas in a clear plastic container, I saw that it was about 85% water and 15% gas. I have it at a boat place pumping out the tank to check it out the whole system. While there the mechanic saw that there was a missing gasket on the tank lid which happens to face upward and has a nice lip around the edge, perfect for catching water and funneling it into the tank. So every time it has rained water has been getting in the tank. He will remove the carb and flush it out and said it should be ready for Labor day weekend. He also told me that he has been getting a lot of this same problem with other people but its coming from the gas stations. He told me he a lot of gas stations have been putting a lot of water in peoples tanks. So what do you think?