The breaker didn't cause a safety risk... the guy's absent mindedness did. The breaker did its job... it protected the wire inside the wall from overheating due to the massive current draw of a stalled motor. It's fortunate that the only damage was material and easily fixable.
However, using tools in a dangerous state (prime example of a situation where he very likely could have had a bad kickback) and leaving tools in a dangerous state (plugged in, powered on, blade raised) is no fault of a circuit breaker.
Terry: Glad you're calling in your electrician. You should think about having a few 20 amp circuits added off the 50 amp sub-panel so you aren't tripping the single 20 amp circuit you have in the garage (if I understood your setup correctly). Make sure they are GFCI protected since they are in a garage.
Laser: Trotec Speedy 300-80 watts
Software: Corel Draw X6, Windows 7 64-bit, Adobe Photoshop CS5
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Please, call me Ron.