Von,
I just had the same problem 2 weeks ago. When I nailed it, the engine smoked as much as the tires
When I cleaned it up again, I noticed that the grommet that holds the breather cap on the left side facing the motor did not have a hole cut in the bottom of it. I could not tell until I stuck my finger in and found the obstruction. Here is a photo that I took during installation, and you can see what the problem is.
(If I had paid better attention, it would have saved me a hell of a mess)
Hope your fix is as easy.
Todd