Well, I was out trying to sling a little dirt and mud on my new paint. I not only broke in the new paint, but also broke my new fender. I think this answers the question as to weather or not my rear tire really travels that far.
I managed to get it rolling again by placing wood blocks between the suspension stops and tying the trailing arm up with a tie down.I also removed the rear fender to prevent futher damage if the blocks should fall out.

I managed to limp all the way home with this set up. I had Woods Wheel Works build a new plate. It cost a little over $100 which wasn't to bad.