Welcome, Molly!
The goofy date indicates that the internal back battery--commonly known as the "PRAM" battery--has died. They last 3-6 years if the computer is always connected to wall power, but their life can plummet if you routinelyunplug your eMac at night or use a power strip to cut power to the computer when it's not in use.
The battery is in some retail stores; Radio Shack ("Tandy" outside the US) has the proper battery as their part number 23-026, but it's between US$15-20. You can get them online for under US$5. Example:
3.6v Newer Technology Lithium 1/2 AA PRAM Computer Clock Battery
Even with shipping, it's less than retail stores. That will fix the date/time issue and may--repeat may--fix the startup probelms.
There are a couple of ways to get around the startup issues before you get a new battery:
1) Start the computer from the grey system CD or DVD that came with your computer by holding the "c" key during startup. It will want to install software, but tell it "no" and look at the menu bar. In OS 10.5.8, there should be a "Utilities" menu. One choice is "restart computer" where you can select your hard drive instead of the system CD/DVD. That gets around any corruption of the stored location of the startup volume that was caused by the dead PRAM battery.
2) Lacking the CD or DVD, restart the computer and immediately press and hold the four-key combo: command, option, p, r. Keep holding those keys until you hear a total of three startup chimes. That also resets the computer so it can find your startup volume
The PRAM is user-replaceable. Instructions are here:
How to Replace the Backup Battery
Keep us posted on how the process is going.
Regards,
Allan