Hi Joe,
Same thing that happened to you happened to us as well - almost word for word. Found that the same connection was very loose so we put in a small screw to hold it tighter and used some duct tape as well. Just thought I’d show you what our dryer looked like when we opened it up...
http://s9.postimage.org/6i744749b/dryer.jpg
(hope you can see the pic)
Thanks for sharing your experience - nice to know we aren’t the only ones with a poorly made dryer!
Yep, that sure looks familiar! The smoke from ours was incredibly irritating (and I say that as a former firefighter). Glad you came out of it okay! (I hope you really carefully checked the wiring over for signs of damage, too.)