Yes, I believe it is one of two things:

a) The engine is flooded, but so badly that it is incredibly hard to turn over.
b) The pull-start is shot

I'll take the pull-start off tonight and just make sure it is operational. If it is fine, then I guess the engine is majorly flooded. I'll have to take the car down the local track and get one of the guys to put it on a starter-box.

--Matthew