I have a Mustang 310 skid loader. This machine has a clutch which essentially pushes an idler spool into the large serpentine belt which then engages the two pumps which drive the wheels. When the clutch is not engaged, the engine runs fine and the hydraulics for the boom and bucket work fine. Now when I engage the clutch, the engine bogs down such that I can barely move the machine when I use the drive levers. This just recently occurred. I disengaged the clutch and checked the pulleys that are on the two drive pumps. They can each be turned freely by hand. They do not seem to bind up at all. When I engage the clutch, even though the engine is bogged down, the belt seems to be driving each of these pulleys easily. When I engage the left or right drive lever, The machine will move the appropriate direction and there doesn't seem to be a direction which causes the engine to bog down more than the other lever does. I changed both filters that were in the hydraulic line (one for each drive pump). The old ones looked clean and the hydraulic oil looked clear. The new filters made no difference. I changed the engine fuel filter to to make sure the engine wasn't being starved for fuel when it was under load. The old filter looked fine and the change did not correct the problem. The engagement of the clutch doesn't seem to be putting too much pressure on the belt. In fact the idler pulley seems to float back and forth by about 1/2 inch while the clutch is engaged. Does anybody have an idea of what might be causing this problem?