So while the seat belt retracted it was still slow. The 50%-60% improvement was ok, but that only meant that I could disengage the seat belt and it would take 5 mins to retract instead of 10. Anyways, opened it up because I figured it must be something that is causing it to bind because I doubt that the spring would be that worn out where it doe not retract. So I found the problem. Its the small black thin plastic guide. I do not know the name of it or the purpose, but after close inspection, I could not see that this would have any effect on my safety if I removed it. So I did. Let me tell you, that the seat belt is not like brand new, literally! Check the video here:
https://drive.google.com/file/d/0BzESTTCx-sQTOG5sV2pkZUJ2Yjg/view?usp=sharing
Also, you can see the picture of the plastic I'm referring to in the attached photo.