Bobby,
Does the squeezer actuate at all, just not squeeze properly, or does it not even actuate? If the latter, then perhaps you have a blocked line somewhere. It is possible (unlikely) that the squeezer is just bad. If the rivets are too long for the adjusted length, most squeezers will not have enough leverage to squeeze them and will just stop. If this might be the case, then adjust the squeezer to just a bit shorter than a test rivet, and try that setting. With a little practice, you will easily figure out when rivets are simply too long for the travel of the squeezer. If it's none of these issues, then the only other thing I can think of is a locked safety or something.
Maybe someone else will have other ideas.
greg