From symptom description, I believe you have 2 problems, one with the engine and the other is a slipping clutch.
The MIL blinking indicates a problem with the engine control unit and you need to have a scan done to retrieve the trouble codes. Most parts outlets provides free scanning services. Get the code and let me know the EXACT trouble code.
You need to have the clutch checked and tested by some one who knows to verify that it is slipping, which I believe is the case based on what you had described.
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Tuesday, July 5th, 2011 AT 1:59 PM