the problem with the cordless drill is it doesn't give enough initial RPM's to get a new engine going it looks great spinning but the RPM's need to be higher than a drill can give most starters run about 4,000 rpm.
the flooding/or not enough fuel problem-allready addresed.
is your glow driver fully charged.
not often on new engines, but sometimes the glow plug can go bad if the driver has been left on to long,the filiment can burn out.
or just a bad plug,it's rare but does happen.
I don't know the wasp engines they might have particular quirks,but a elec starter from tower is 20$ cheaper than a cordless drill you do need a 12V battery also http://www2.towerhobbies.com/cgi-bin...?&I=LXJC35&P=0