I went to Harbor Freight and for 29 bucks purchased a air drill. It worked flawlessly under water with no problems. Bubbles went up out of the way and very little oil. After drilling and pulling the broken piece out with a e-z out I sprayed WD40 inside and out of the drill and as of today it still looks like new !!! Thanks for all the great input and now we all know that a air drill will work just fine in a pool !!

FYI
My pool installer attempted to use the wedge thing on my light and it never did keep it in.