Re: fuel leaking out of lower end
If your fuel bulb won't get firm when you pump it, then there is either a stuck float keeping the inlet needle open, or a bad inlet needle seat leaking. Disassemble the carb(s) and clean or rebuild it/them. A leaking inlet needle with too high a fuel level will cause engine to run way rich with no power. A leaking fuel pump diaphragm will cause similar problems. It is cheap, so replace it on general principals. In each case, a lot of fuel will drain out into the leg. Check your spark plugs. If they look really wet, black, and oily, that is a strong clue.